Ki Young Ju, the founder of CryptoQuant, a blockchain analytics firm, has noticed a curious trend. In a post on X, the founder shared a snapshot suggesting that Bitcoin “old whales” might be shifting their holdings to “new whales,” mainly traditional finance heavyweights like Fidelity and BlackRock. The United States Securities and Exchange Commission (SEC) recently approved…
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Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. According to the report, 432 million people owned crypto in January 2023, a number which rose to 580 million by the end of last year. While notable, digital assets may soon…
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Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of…
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BlackRock CEO Larry Fink said he is “bullish on the long term viability of Bitcoin” and thinks an ETH exchange traded fund (ETF) may still be possible even if the U.S. Securities and Exchange Commission (SEC) brands ETH a security. In an interview with Fox Business on Wednesday, BlackRock’s Fink was asked about the recently…
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Bitcoin halving stands as a significant event within the cryptocurrency sphere, signaling a shift for miners, institutions, and the overall market. This scheduled occurrence, happening roughly every four years, is expected to take place this April and would directly impact Bitcoin’s supply by reducing the mining reward by half, a core aspect designed to preserve…
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As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum. Particularly, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has shared his latest analysis on Bitcoin. Next Stop $80,000? In a post shared on X, Van…
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This Friday, the spotlight is turned to Deribit, the leading crypto derivatives exchange, as it gears up for a notable event in its trading history. Particularly, the exchange is poised to witness the expiration of over $9.5 billion in Bitcoin options open interest. For context, Open interest refers to the total number of outstanding derivative…
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Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with…
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Bitcoin Price Prediction Bitcoin price steady around $70,355, marking a 0.45% increase, showcases its resilience and potential for growth. As enthusiasts and investors keenly observe, the integration of new financial products like Hashdex’s Spot Bitcoin ETF hints at an expanding horizon for Bitcoin investments. This development, alongside the anticipatory buzz of the Bitcoin halving event,…
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Hong Kong is getting ready to follow the United States’ lead in approving Bitcoin spot ETFs for public trading, analysts at Bloomberg Intelligence suggest. The region’s regulators may go a step further than their Western counterparts, however, by permitting those funds to use an “in-kind” redemption model. What Are ‘In Kind’ Bitcoin ETFs? The redemption…
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