Bitcoin miners sold 30,000 BTC in 72 hours, yet $BTC price remained stable, thanks to $BLK Bitcoin ETFs, says Bloomberg analyst Eric Balchunas. Speculations on Coinbase IOUs to BlackRock were denied by CEO Brian Armstrong, ensuring transparency.
Bitcoin ETFs see $400M inflows this week, reversing last week’s outflows. $FBTC led with $102M, followed by positive numbers from @ArkInvest. $BTC price holds at $59,819, with potential for a breakout above $60K soon.
Recent analysis shows a significant reduction in Bitcoin’s market depth, indicating a potential price floor and upcoming bullish trend. Despite a 4.3% rebound in $BTC price, negative funding rates still favor short positions. Traders should watch closely.
Bitcoin whale wallets reactivated as $BTC surpassed $60K, transferring 203 BTC to Binance, netting $6.89M. Another trader moved 205 BTC, making $2.36M. A whale purchased 1,062 BTC worth $63.96M, boosting optimism for future price action.
Bitcoin ($BTC) peaks at $60,610 with an 11% weekly gain and a 57.8% market dominance. Nearly $130M in short positions liquidated. Dogecoin ($DOGE) and Toncoin ($TON) also see gains amid rising investor confidence and market optimism.
Bitcoin ($BTC) surpasses $60K, driven by favorable U.S. economic data, persistent inflation, and increased institutional interest. Notably, MicroStrategy’s $1.11B purchase of 18,300 BTC and rebounding spot Bitcoin ETF inflows boost market sentiment.
Gold hits a record $2,586, raising economic concerns. Peter Schiff predicts higher inflation and recession, citing gold as a safe haven. Bitcoin advocates see $BTC as an alternative hedge amid potential interest rate cuts and fiscal stimulus.
MicroStrategy ($MSTR) acquires 18,300 BTC for $1.11B, raising its total holdings to 244,800 BTC valued at $9.45B. With an average acquisition cost of $38,585 per BTC, the firm continues to show strong belief in Bitcoin’s future value.
Bitcoin forecast: $BTC could see price boosts from US Fed rate cuts and historical Q4 trends. A post-election rally and a potential 2025 peak at $100,000 are expected. Investors should remain cautious of US economic conditions.
Bitcoin ETFs in the US attracted $39.02M on Sep 12, 2024, led by ARKB with an $18.34M inflow. Ethereum ETFs saw a $20.14M outflow, with Grayscale GBTC losing $6.51M, reflecting shifting investor strategies.
Coinbase launches $cbBTC, a wrapped Bitcoin token backed 1:1 by BTC on Base and Ethereum. Supported by DeFi platforms like @Aerodrome, @CurveFinance, @AaveAave, and Maple, cbBTC aims to enhance Bitcoin’s interaction with DeFi applications.
eToro settles with @SECGov, paying $1.5M for unregistered trading services. U.S. users limited to trading $BTC, $ETH, and $BCH. Investors have 180 days to sell other crypto assets. This sets a compliance precedent for crypto firms.
Bitcoin whales awaken! Two dormant addresses transfer 293 BTC after 11 years, sparking market interest. One whale moved 185 BTC with a $5.92 fee, another 108 BTC for $0.55. Recent whale activity suggests potential market shifts. $BTC
Bitcoin predicted to reach new highs in 2024, says Standard Chartered. Regulatory advancements and Bitcoin ETF investments are key drivers. Market maturity indicates less dependency on political outcomes. Analyst Jeff Kendrick highlights steady regulatory progress through 2025. $BTC
