On Wednesday, Dec. 18, the 12 spot bitcoin (BTC) exchange-traded funds (ETFs) attracted $ 275.39 million in positive inflows, even as the broader cryptocurrency market faced a downturn and bitcoin briefly dipped below $ 100,000. Ether ETFs Record Modest Gains as Bitcoin Funds Shine Both spot bitcoin ETFs and their ether (ETH) counterparts …
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $ 61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong …
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for […]
Bitcoin Cash (BCH) experienced a notable fluctuation in its value surrounding its most recent block reward halving, initially dropping to $ 565 just before the halving but later recovering to around $ 676, marking an 11% increase for the day and nearly 20% for the week. The halving event, which reduced the reward …
Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $ 82.61 million, despite experiencing a 3.8% drop from the previous week’s …