Tag Archives: bitcoin etf

Earlier this month, Bitcoin’s USD value witnessed a rapid decline from $45,400 to $40,400 in a matter of hours. Despite a quick rebound, this downturn triggered the third-highest volume of long liquidations since the bear market reached its lowest point in November 2022. However, IntoTheBlock’s analysis reveals a noteworthy trend in the market, indicating a strategic move by large holders during the recent price dip. Large Bitcoin Holders Accumulate Big During Dip Bitcoin...

90% of Bitcoin addresses are in profit even as the crypto asset is over 31% down from its all-time high. IntoTheBlock’s analysis reveals a significant milestone for Bitcoin as it surged past the $46,000 mark, pushing more than 90% of all BTC addresses into a profitable zone. 90% of Bitcoin Addresses in Profit According to the on-chain intelligence platform, historically, such levels of profit are not an isolated event but rather a recurring pattern in Bitcoin’s bull cycles....

Extreme greed has taken over the crypto market as the industry anticipates that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) application this week. Data from Alternative.me shows that the Crypto Fear and Greed Index currently sits at 76/100, representing a period of extreme greed among investors. The last time market sentiment spiked to this level was in November 2021, when BTC hit its all-time high, and the...

Those closely monitoring the ongoing developments in the spot Bitcoin ETF saga are likely aware the stakes have never been higher. Experts are now emphasizing potential scenarios and recommended responses in the event of an approval. Increasing the cash portion of the investor portfolio and preparing for volatility could be the right way to go. Short-Term Market Overheating Risks Crypto analyst MAC_D, who cited CryptoQuant’s data, said that there has been a notable surge in...

BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the company underwent a similar trimming of its workforce based on...

Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to investors.” The Threat Of Securities Lending Long’s concerns swelled in response to an apparent race to the bottom on management...

Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into the blockchain. Is this just a coincidental burst of activity, or is there a deeper motive at play? With the anticipation...

Matrixport has issued a warning predicting a 7% decline for Bitcoin in the next two weeks, citing that “one of its trading signals” has turned bearish for the first time since August 2023. This cautionary outlook from Matrixport follows previous statements by the company’s analysts, who anticipate that the U.S. Securities and Exchange Commission (SEC) will reject all spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. Matrixport Issues Price Drop Warning In a blog...

The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher than those observed in 2022, marking a substantial rebound for the asset class. The majority of this recovery occurred in the final quarter,...

Nevada has emerged as the leader in the United States for interest in spot Bitcoin ETFs (Exchange-Traded Funds), surpassing traditional financial hubs like New York and California. This insight comes from a recent study by CoinGecko, which used Google Trends data to analyze global and domestic interest in cryptocurrency investment vehicles from January 2019 to January 2024. Nevada Emerges as the Top US State The study points out that the United States, ranking within the top...