Bitcoin ($BTC) surges past $59,000 as US inflation cools, boosting hopes for a Fed rate cut. Market eyes potential US government BTC sell-off after 10,000 BTC transfer to Coinbase, valuing $591M. Future trends hinge on upcoming inflation data. #cryptocurrency #Bitcoin
Ethereum ETFs to Capture 50% of Bitcoin ETF Inflows, Says Expert. Vance Spencer predicts a balanced 50-50 allocation between $BTC and $ETH ETFs, highlighting a pivotal market shift as institutional investors diversify their crypto investments.
Whale address “0x3c9” profits $14M from $WBTC selloff as $BTC hits $59K. Sold 618 WBTC at $62,921 each. Bitcoin’s 24-hour trading volume drops 26.36% to $25.58B, raising concerns about market volatility. #crypto #Bitcoin
U.S. gov transfers 14,000 $BTC to Coinbase Prime are confirmed as sales by legal expert Scott Johnson. Bitcoin slips to $59,155, down 3% this week. U.S. still holds $12.4B in crypto assets. #Bitcoin #CryptoNews
Bitcoin ETFs ($BTC) gain $11.11M on Aug 15, 2024, while Ethereum ETFs ($ETH) face $39.21M outflow. @Fidelity, @BitwiseInvest, and @Grayscale see Bitcoin inflows, but Grayscale’s Ethereum Trust hits $42.52M outflow. Potential market sentiment shift. #CryptoNews
? Long-dormant Bitcoin whale moves 174 $BTC worth $10.16M after 10+ years. Originally mined in 2014 for $142.6K, the transfer cost just $39.22. Such movements may impact market liquidity and volatility. ? #Bitcoin #CryptoNews
Source: hodl.press
BlackRock’s Bitcoin ($IBIT) and Ethereum ($ETHA) ETFs reach $21.22B in assets, surpassing Grayscale’s $21.20B. Despite this, Grayscale’s diversified holdings remain strong with $18.49B. This shift signals evolving market dynamics. More: https://coingape.com/blackrock-bitcoin-ether-etfs-outpace-grayscale-etf-aum-but-theres-a-catch/
Bitcoin options expiry eases market volatility. 24,000 $BTC options with a 0.83 put-call ratio signal balanced sentiment. $BTC price faces resistance at $61,300 and support at $54,000. $ETH options show similar trends. #CryptoNews @Bitcoin @Ethereum
? Bitcoin ETF outflows hit $81.36M on Aug 14, while Ethereum ETFs gain $10.77M in inflows. Selective inflows seen in $IBIT and $EZBC. Shifting investor preferences highlight growing confidence in $ETH. #Cryptocurrency #ETF
NYSE American withdraws Bitcoin ETF options proposal, joining Cboe, MIAX Pearl, and BOX Exchange in regulatory uncertainty. SEC delays continue to challenge crypto markets. $BTC #Bitcoin #CryptoNews
Wisconsin divests $64M from $GBTC, shifting to $IBIT for stability. SWIB’s strategic move reflects growing institutional confidence in more reliable Bitcoin ETFs. #Crypto #Investment #Bitcoin
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Fidelity’s $BITO and $ETHE ETFs see strong market reception, says Cynthia Lo Bessette. Skepticism lingers for alternative crypto ETFs like Solana. Ethereum ETF staking awaits SEC approval. Fidelity eyes stablecoin and tokenized treasury products. @Fidelity #CryptoNews
Marathon Digital ($MARA) acquires 4,144 BTC for $249M, funded by a $300M convertible note offering. This purchase makes Marathon the second-largest corporate holder of Bitcoin with 25,000 BTC. Read more: [link] #Bitcoin #CryptoNews
Morgan Stanley ($MS) discloses 5.5M shares in BlackRock’s iShares Bitcoin Trust ($IBTC), valued at $190M, in Q2 SEC filing. This positions them among the top holders, highlighting institutional confidence in Bitcoin. #Bitcoin #CryptoInvesting
