The inverse of the standard BTC/USD chart gives an interesting perspective on the rise in the purchasing power of Bitcoin over time. The USDT/BTC chart below highlights the dollar’s decline against Bitcoin since 2015. From its peak, the dollar has fallen 99.7% against Bitcoin. When viewed in this form, it’s hard to be bearish on… Continue reading 100 sats would equal $1 if we repeat last cycle’s dollar demise
Category: News
Layer 2 labyrinth: Navigating scalability and decentralization
In the latest episode of the SlateCast, CryptoSlate welcomed Roy Hui, the founder of Pellar and LightLink, to discuss the role of enterprise and permissioned blockchains in the evolving world of Web3. Joined by Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill , the conversation delved into the unique value proposition of platforms… Continue reading Layer 2 labyrinth: Navigating scalability and decentralization
No outflows for Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflow
Bitcoin exchange-traded funds experienced a net outflow of $154 million on March 18, according to data from Bitmex Research . This marks the first outflow day since March 1, breaking a streak of consistent inflows. The outflow represents 2,229 BTC, based on the market reference rate. Grayscale’s GBTC product accounted for the entirety of the… Continue reading No outflows for Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflow
$620 million liquidated as Bitcoin breaks below $64k
Update: A further $90 million was liquidated since press time, bringing the total liquidations to $623 million over the past 24 hours. $67 million longs and $23 shorts were liquidated in the past hour. The market has weathered $542 million in Bitcoin and crypto liquidations over the past 24 hours as Bitcoin fell below $64,000… Continue reading $620 million liquidated as Bitcoin breaks below $64k
Digital vs. tangible: A deep dive into gold and spot Bitcoin ETFs
The post Digital vs. tangible: A deep dive into gold and spot Bitcoin ETFs appeared first on CryptoSlate .
Vanguard CEO says Bitcoin ETFs do not ‘belong in a long-term portfolio’
Vanguard CEO Tim Buckley said Bitcoin needs to “change as an asset class” for the investment firm to consider it as a viable option and has no intention of changing its mind about spot Bitcoin ETFs until that happens. Buckley made the statement in a preview clip of an upcoming webcast posted on March 15… Continue reading Vanguard CEO says Bitcoin ETFs do not ‘belong in a long-term portfolio’
Satoshi’s Vision down 17% against Bitcoin after Satoshi’s Verdict
While Bitcoin has seen a pullback from its recently set new all-time high of $73,750 on March 14, currently trading down around 8%, other Bitcoin forks have fared much worse. Following the morning of the landmark ruling against Craig Wright on March 14, Bitcoin Satoshi’s Vision is down 17% against BTC. Bitcoin forks against BTC… Continue reading Satoshi’s Vision down 17% against Bitcoin after Satoshi’s Verdict
Bitcoin long traders still leveraged at over $40 billion notional value above $50k
The notional total of leveraged long Bitcoin derivatives traders still surpasses $40 billion even after the recent swathe of liquidations , according to data from Coinglass. Shorts are primarily above $71,000 and amount to around $12 billion in notional value. Total open interest in futures contracts comes to $35 billion, while options contracts hold $31… Continue reading Bitcoin long traders still leveraged at over $40 billion notional value above $50k
Net ETF inflows of $132 million on volatile day for Bitcoin as market prepare to gap down
Bitcoin ETF inflows totaled $132 million on March 14, per data from Bitmex Research. The result, while strong, marks a slowdown from earlier in the week. BlackRock’s Bitcoin ETF saw $345.4 million in inflows, the highest among providers. However, Grayscale’s Bitcoin Trust (GBTC) experienced outflows of $257.1 million, down slightly from the day before. March… Continue reading Net ETF inflows of $132 million on volatile day for Bitcoin as market prepare to gap down
Avalanche Foundation buys self-proclaimed ‘completely useless’ memecoins for treasury
The Avalanche Foundation has announced its acquisition of five community (meme) coins native to the Avalanche blockchain network, as reported in a recent blog post . This move is part of the Foundation’s ongoing Culture Catalyst program, which aims to support Web3 creators, drive innovation on Avalanche, and promote broader blockchain adoption. According to the… Continue reading Avalanche Foundation buys self-proclaimed ‘completely useless’ memecoins for treasury