Bitcoin ETF Launches Fee War
Morgan Stanley launches MSBT with a 0.14% fee, undercutting Blackrock’s IBIT and intensifying the bitcoin ETF fee war. Analyst warns of squeezed issuer margins but increased investor access. #Update #Crypto
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin Rally Reaches $73K Despite Economic Woes
Bitcoin ($BTC) surged to $72,000 amid recession fears and a weak US dollar, but rising oil prices and geopolitical tensions with Iran pose risks to further gains. #Update #Crypto $BTC
Crypto Stocks Set to Outperform Bitcoin ETFs
@TD_Cowen’s Lance Vitanza rates @Nakamoto (NAKA) a Buy with a $1.00 target, @SharpLink Gaming (SBET) a Buy at $16, and @Strive (ASST) a Buy at $26, citing potential gains from bitcoin and ether price recoveries. #Update #Crypto $NAKA $SBET $ASST
Bitcoin Ethereum Open Interest Surges
Bitcoin and Ethereum open interest surged over $2 billion each, boosting prices by 7% amid improved macro conditions. $BTC trades at $72,103 and $ETH at $2,216. #Update #Crypto $BTC
Bitcoin Signals Key Crypto Market Reversal
Technical analyst Ali Martinez suggests the crypto market may be forming a structural floor, with $BTC’s “Golden Zone” near $49,330 indicating potential for future bull runs. #Update #Crypto $BTC
Bitcoin CEO Challenges CZ’s House Claim
@OKX CEO Star Xu challenged @Binance founder Changpeng Zhao’s claim of selling an apartment for $900K to buy Bitcoin, raising questions about ownership and funding. Disputes over personal and legal matters also resurfaced. #Update #Crypto $BTC
Bitcoin Traders Trapped in South Korea
South Korea’s FSC, FSS, and DAXA standardize crypto withdrawal delays to curb scams, mandating 24-72 hour holds on exchanges. #Update #Crypto
Bitcoin Miner Wins $222K Against Odds
A solo Bitcoin miner using a 2019-era Antminer S17+ won $222K by solving block 944,306 against 1 in 100,000 odds. #Update #Mining $BTC
Bitcoin Surges as Trader Eyes $80K Target
Bitcoin ($BTC) hovered around $71,000 as US PCE inflation data met expectations; traders eye $80,000 target amid cautious market sentiment ahead of CPI release. #Update #Crypto $BTC
Bitcoin Surges in Aggressive Recovery Setup
Crypto analyst Cupra predicts a potential $BTC rally to $150,000, citing an aggressive recovery setup similar to 2019’s 282% surge. Current price: $71,000. #Update #Crypto $BTC
Bitcoin Bottomed Out Amid Quantum Risks
Michael Saylor asserts Bitcoin has likely bottomed at $60,000, citing reduced seller demand and positive ETF inflows as indicators. He downplays quantum risks and anticipates Bitcoin-backed lending markets as future catalysts. #Update #Crypto $BTC
Bitcoin Recovers as U.S. PCE Inflation Stabilizes
Bitcoin recovers to $71,200 as U.S. PCE inflation remains unchanged at 2.8% YoY; March CPI data releasing tomorrow may impact markets amid ongoing U.S.-Iran war uncertainty. #Update #Crypto $BTC
Bitcoin Facilitates Iran Oil Tanker Passage
Iran charges $1 per barrel for oil tanker passage through the Strait of Hormuz, accepting Bitcoin payments. #Update #Crypto $BTC
Bitcoin ETFs Face $31M Outflow Challenge
Morgan Stanley’s MSBT debuts with $30.6M inflow, yet Bitcoin ETFs see $93.9M outflow amid uneven demand; Blackrock IBIT gains $40.38M, while Fidelity FBTC loses $79.12M. #Update #Crypto