As US trade tensions rise, the bond between Bitcoin and traditional financial markets faces new challenges. Recently, Bitcoin exchange-traded funds (ETFs) in the US experienced significant outflows, with over $326 million withdrawn in just four days. BlackRock’s iShares Bitcoin Trust ETF saw the largest drop, with a sell-off exceeding $252 million. This sell-off follows President ...
Bitcoin has faced its second-largest correction in the current bull run, dropping from an all-time high of $109,590 to a low of $77,041—a 30% decline caused by selling by short-term holders. Analysts from Bitfinex report that many of these holders, who bought Bitcoin recently, are experiencing net losses. Additionally, there were significant outflows from Bitcoin ...
Bitcoin’s price recently dropped to a three-month low of $86,008, marking the first time it’s gone below $90,000 since mid-January. Analysts are concerned that if it breaks the crucial $85,000 support level, it could fall further to $81,000. This decline comes amid significant ETF outflows, totaling over $516 million, and heightened investor uncertainty due to ...
Bitcoin has recently experienced a significant decline, dropping to around $87,081 after a tough week. Despite this downturn, large investors, known as “whales,” took the opportunity to purchase approximately $2.35 billion worth of Bitcoin, indicating a potential shift in Market sentiment. Analysts note that the overall cryptocurrency Market capitalization fell by 8.9%, with multiple factors ...
Recent insights from Arkham reveal that BlackRock has amassed a significant $50 billion in Bitcoin in 2024. Notably, MicroStrategy, led by Bitcoin advocate Michael Saylor, invested $24 billion, while Fidelity acquired $20 billion worth of the digital currency. In addition to Bitcoin, BlackRock holds $3.6 billion in Ethereum and $68.5 million in USDC. However, contrary ...
BlackRock, the asset management giant, has made headlines by amassing a substantial $50 billion in Bitcoin in 2024, according to Arkham’s latest insights. Alongside this, software company MicroStrategy, led by Bitcoin advocate Michael Saylor, acquired $24 billion in Bitcoin last year, while Fidelity invested $20 billion. BlackRock’s portfolio also includes $3.6 billion in Ethereum and ...
Bitcoin began 2024 with a strong surge, briefly reaching above $100,000, but has since faced challenges maintaining its momentum. As of Thursday, Bitcoin’s value dropped by 1.8% to approximately $92,741, falling from a high of $102,733 just two days earlier. This decline has left it about 14% shy of its all-time peak of $108,315 from ...
Bitcoin’s price today stands at $95,300 after a slight recovery from last week’s dip. MicroStrategy’s Michael Saylor has stressed the importance of Bitcoin as a key technological advancement that companies like Microsoft should consider. Despite a minor outflow of $136.5 million from US spot Bitcoin ETFs, optimism remains as Binance’s stablecoin reserves hit an all-time ...
