Record $13.2 billion YTD inflow into digital assets eclipses 2021 total

Last week, digital asset investment products experienced a $2.9 billion net flow, marking two consecutive weeks of record-breaking inflows, according to CoinShares’ latest weekly report . This achievement propelled digital asset products to a new annual net flow record of $13.2 billion, exceeding the entire inflow for the 2021 bull run, which stood at $10.6… Continue reading Record $13.2 billion YTD inflow into digital assets eclipses 2021 total

Why Standard Chartered reviewed its Bitcoin price forecast to $150,000

Global financial giant Standard Chartered has revised its forecast for Bitcoin’s price, now foreseeing the flagship digital asset soaring to $150,000 by year-end, citing favorable market conditions. Earlier in the year, the bank’s head of crypto research, Geoffrey Kendrick, predicted that the BTC price would climb to $100,000 by the end of the year and… Continue reading Why Standard Chartered reviewed its Bitcoin price forecast to $150,000

Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin . However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor , has acquired over 15,000 BTC worth nearly… Continue reading Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

El Salvador receives Bitcoin donation after revealing on-chain address

El Salvador received Bitcoin donations after President Nayib Bukele shared the Central American country’s digital wallet address with the public. In a March 14 post on social media platform X (formerly Twitter), Bukele revealed that the country transferred “a big chunk of our Bitcoin to a cold wallet and stored that cold wallet in a… Continue reading El Salvador receives Bitcoin donation after revealing on-chain address

US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances

The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. In the March 11 letter to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler advised the financial regulator to… Continue reading US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances

Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours

Bitcoin experienced a heavy price correction during Asian trading hours, dipping to a multi-week low of under $66,000, which resulted in significant losses for traders betting on further price increases. Over the past weeks, the flagship digital asset, fueled by the buzz surrounding the spot Bitcoin exchange-traded funds (ETFs) , had been on an upward… Continue reading Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours

From shrimps to whales: Who’s buying and selling during this rally?

The distribution of Bitcoin’s supply across various cohorts — shrimps, crabs, fish, sharks, and whales — can help us understand how each market segment behaves. Shifts in Bitcoin’s supply among these groups are heavily correlated with price movements and broader market trends, which is why understanding them is essential when analyzing the market. Shrimps represent… Continue reading From shrimps to whales: Who’s buying and selling during this rally?

Bitcoin maintains price resilience despite increased miner selling

As the facilitators of the network’s security and transaction verification process, Bitcoin miners significantly influence the supply of BTC in the market. This is why no market analysis can be complete without analyzing the changes in miners’ balances and activity. Firstly, changes in miner balance and activity provide insight into the sector’s economic health and… Continue reading Bitcoin maintains price resilience despite increased miner selling

Bitcoin hits new $73.6k all-time high as ETF influx surpasses $1 billion

Bitcoin’s price continued with its recent upward momentum following the record $1 billion inflow into the US-based exchange-traded funds (ETFs) on Mar. 12. According to CryptoSlate’s data, the flagship digital asset climbed to an all-time high of $73,637, resulting in significant losses of more than $100 million for traders speculating on its price during the… Continue reading Bitcoin hits new $73.6k all-time high as ETF influx surpasses $1 billion

Grayscale introduces ‘mini’ Bitcoin ETF to alleviate investor tax burdens and curb outflows

Grayscale , the issuer of the world’s largest Bitcoin exchange-traded fund (ETF), has applied for a smaller version of its popular Grayscale Bitcoin Trust (GBTC ) ETF under the “BTC” ticker, according to a Mar. 12 filing with the US Securities and Exchange Commission (SEC). Grayscale said: “This would be net-positive for existing GBTC investors,… Continue reading Grayscale introduces ‘mini’ Bitcoin ETF to alleviate investor tax burdens and curb outflows