Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin’s market dominance surges to 78.5%, outpacing Ethereum at 19.7%, fueled by speculation around a spot Bitcoin ETF. CryptoQuant experts note a shift in investor preference towards Bitcoin, with its dominance rising to 57% from 51-52% earlier this year.
An anonymous Bitcoin whale transferred 142.59 BTC ($8.45M) after 11 years of dormancy. The original acquisition was in 2013 when BTC was ~$550. Transaction fee: $0.68. Current BTC value: ~$61,000.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Justin Sun withdrew 12,000 BTC ($730M) from USDD reserves without TRON DAO approval, raising transparency concerns. The reserve now holds mostly TRX and USDT, shifting away from Bitcoin. This move questions USDD’s governance and reliability.
Institutional Bitcoin ETF investors surged 14% in Q2 2024, with assets under management rising to $11 billion, per @BitwiseInvest. Notably, Goldman Sachs invested $418M in spot Bitcoin ETFs, highlighting growing mainstream financial interest. $BTC
Bitcoin ETFs dominate with $17.5B inflows since Jan 2024, surpassing previous records by $QQQ. Institutional adoption triples, highlighting Bitcoin’s growing acceptance in diversified portfolios and potential for future gains. #Bitcoin #ETF #Investing
El Salvador’s @ONBTC to certify 80,000 civil servants in $BTC and blockchain tech, integrating crypto education into public schools. This initiative aligns with the country’s $1.6B Bitcoin City investment, aiming for widespread Bitcoin literacy.
$BITF to acquire Stronghold Digital Mining for $164M, offering 2.5 BITF shares per Stronghold share. The move aims to boost Bitfarms’ mining capacity amid Stronghold’s $21.3M Q2 loss post-Bitcoin halving. Bitcoin hashrate hits record 638 EH/s. #CryptoNews
Malaysia Crushes 985 Bitcoin Mining Rigs worth $427K to Combat Illegal Activities. Authorities’ steamroller operation underlines commitment to reducing electricity theft, cutting illegal mining cases from 9 in 2022 to 1 in 2024. #Bitcoin #Cryptocurrency #Malaysia
Galaxy Digital invests $82M in Bitcoin, acquiring 1380 BTC. Despite Bitcoin’s struggle to stay above $60K, strong institutional interest and technical patterns suggest potential for a price rally. Market analysts remain optimistic amid ongoing volatility. $BTC @GalaxyDigitalLP
Bitcoin ETFs surged with an $88M inflow on Aug 20, while $ETH ETFs saw a $6.49M outflow. Grayscale Ethereum Trust ETF faced a major $37M outflow. Some $ETH ETFs like $ETHA and $ETHW still attracted capital. #CryptoMarkets
Bitcoin $BTC poised for major rally as derivatives market signals short squeeze. Analysts see increased open interest, negative funding rates, and ETF inflows boosting sentiment. Veteran trader Peter Brandt notes megaphone pattern, targeting all-time high. #crypto
Bitcoin ($BTC) nears post-halving reaccumulation range above $60,700, driven by stock market rallies and ETF flows. Short liquidations and corporate buybacks boost momentum. Crypto analyst Zach Pandl of @Grayscale remains bullish despite mixed trader sentiment pre-2024 elections.
Bitcoin options block trading shows bearish signals despite $BTC reclaiming $60K. Analysts caution investors as market volatility persists, highlighting potential downward trends.
