If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC holdings. MSTR Versus BTC: Which Is Better? MicroStrategy is owned by self-identified Bitcoin maximalist Michael Saylor, and is one of...
Read More »BlackRock Exec Reveals IBIT Inflows Driven by Strong Investor Interest
In an interview with Bloomberg, Rachel Aguirre, the head of product at BlackRock U.S. iShares, revealed that the firm’s spot Bitcoin ETF (IBIT) has witnessed a surge in inflows, predominantly coming from retail investors and newcomers to the cryptocurrency space. This revelation follows the impressive performance of IBIT, which has maintained its lead in total volume among U.S. spot Bitcoin ETFs. BlackRock’s IBIT Records Impressive Inflows As of the third day of trading, data...
Read More »Conférence : Du coquillage au bitcoin
« Du coquillage au bitcoin, percez les mystères de la monnaie » – Conférence gratuite à Bressuire suivie d’un quizz interactif. Organisateur : Emmanuel Harrault, avec le soutien de @SwissBitcoinPay et @bitstack_ Où ? – Cinéma Le Fauteuil Rouge, 7 Espace Bocapole à Bressuire (département des Deux-Sèvres) Quand ? – Jeudi 25 janvier 2024 à 20h00 En savoir plus :...
Read More »L’ETF Bitcoin de BlackRock passe la barre du milliard de dollars
Malgré la baisse du cours de ces derniers jours, l’iShares Bitcoin Trust (l’ETF Bitcoin au comptant de BlackRock), négocié depuis le 12 janvier, a passé aujourd’hui mercredi la barre du milliard de dollars d’actifs sous gestion. « Nous sommes ravis de voir l’IBIT atteindre cette étape au cours de sa première semaine, ça indique une forte demande des investisseurs. Ce n’est que le début. » –...
Read More »Here’s Why Bitcoin’s Hashrate Fell by 25% 3 Months Before Next Halving
The Bitcoin hashrate has experienced a 25% drop since the weekend, raising concerns about the security of the network just ahead of the highly anticipated “halving” event. Data sourced from BTC.com reveals a decline in global hashrate estimates from approximately 600 EH/s on Friday to 450 EH/s by Tuesday. Texas Cold Weather Affects Bitcoin Hashrate The Bitcoin hashrate drop coincided with a weather warning issued by the Electric Reliability Council of Texas (ERCOT) for...
Read More »Bitcoin Price Down Almost 10% in a Week But Bitcoin Minetrix Sees Gains
Bitcoin’s (BTC) price has fallen nearly 10% over the past week after initially surging in anticipation of spot BTC exchange-traded funds (ETFs) being approved in the US. This decline highlights lingering questions about Bitcoin’s role as a store of value versus being just another speculative asset. While the long-term prospects of BTC may be uncertain, new projects like Bitcoin Minetrix (BTCMTX) offer innovative features like Stake-to-Mine that could provide greater price...
Read More »EOS Price Analysis: Risk of Downside Break Below $0.75
EOS price started a downside correction from the $0.810 zone against the US Dollar. The price is now trading below $0.7650 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $0.752 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.780 and $0.800 resistance levels. EOS price is declining below $0.780 against the US Dollar, like...
Read More »Litecoin (LTC) Price Analysis: Bulls Protect Key Support At $68
Litecoin started a downside correction from the $77.00 zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $67.20 support. Litecoin price is correcting gains from $77.00 against the US Dollar, like Bitcoin. LTC price...
Read More »VanEck To Close Bitcoin Strategy ETF One Week After Spot ETF Approval
Mutual fund and ETF provider VanEck has announced plans to delist the VanEck Bitcoin (BTC) Strategy ETF from the Chicago Board Options Exchange (CBOE) after January 30. The fund – which trades under the ticker XBTF – is a Bitcoin futures ETF. That means it offers investors Bitcoin price exposure through investing in Bitcoin futures contracts. VanEck Gives Up Futures ETF Per the company’s Wednesday statement, VanEck’s Board of Trustees approved a decision to liquidate the...
Read More »49,866 Old Bitcoins Move Without Hitting Exchanges: Data
An astonishing 49,866 Bitcoins, dormant for 5-7 years, were suddenly on the move on January 16th. At an average unit price of $6,672, these old BTC present an enticing opportunity for buyers, promising a potential profit surge of around 640% upon resale. Notably, this volume wasn’t transferred to any crypto exchanges, as per the latest findings by CryptoQuant. In fact, recent trends show whales discreetly engaging in transactions without leaving noticeable traces. While this...
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