In a surprising turn of events, spot Bitcoin exchange-traded funds (ETFs) in the United States have exceeded $5 billion in daily trading volume as of August 5. This milestone is a significant achievement, representing the first time since mid-April that such high trading volume has been recorded. Among the ETFs contributing to this record-breaking volume,
Bitcoin
The cryptocurrency market recently experienced a significant dip, with the total market capitalization falling below $2 trillion and wiping out $500 billion within a week. Bitcoin dropped below $50,000, and Ethereum saw a 23% decline in just one day, falling below $2,200. However, despite this sharp decline, the total market cap has since rebounded by
The recent cryptocurrency market turmoil has sent shockwaves through the industry, with Bitcoin and Ethereum experiencing significant drops in value, each plummeting over 20% in just 24 hours. This rapid sell-off has left investors reeling and searching for answers as to what triggered such a drastic downturn in the market. At the center of this
Following a significant market crash that caused Ethereum to plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a notable increase in inflows. On August 5, there was an aggregate inflow of $49 million into the nine recently launched spot ETH ETFs. This surge marked the second-highest inflow day since the
Jan van Eck, the CEO of VanEck, has made headlines with his bold prediction that Bitcoin could skyrocket to an astounding $350,000. This optimistic outlook is based on the comparison of Bitcoin’s adoption rate to that of gold. Van Eck, a key player in the world of Spot Bitcoin ETFs, believes that the cryptocurrency market
Marathon Digital (MARA) recently reported second-quarter revenue of $145.1 million, which fell short of Wall Street’s forecast by approximately 9%. The company attributed this revenue miss to several operational challenges such as unexpected equipment failures, transmission line maintenance, an increased global hash rate, and the impact of the recent halving event on the mining sector.
A notable Bitcoin whale, identified as 12QVs…oN2qo, recently made headlines for accumulating nearly $400 million worth of Bitcoin between July 30 and 31. This strategic move indicates the whale’s confidence in Bitcoin’s future price trajectory and the potential for substantial profits. Strategic Withdrawal from Binance The whale’s significant purchase of 5,800 BTC from Binance further
Bitcoin (BTC) has been known to experience market volatility and price fluctuations, making it challenging for investors to determine the best times to buy this pioneer cryptocurrency. However, a crypto analyst going by the name of ‘Stockmoney Lizards’ has recently shared insights on key price levels that investors should keep an eye on for potential
The stablecoin market saw a 2.11% growth in total market capitalization in July, reaching a staggering $164 billion. This growth trend has been consistent for the past ten months, signaling a steady ascent for major stablecoins. Tether, the leading stablecoin, experienced a 1.61% increase to $116 billion, setting a new all-time high. This indicates Tether’s
In the second quarter of this year, Riot Platforms reported a net loss of $84.4 million, a significant increase from the $27.4 million loss in the same period last year. The widened losses can be attributed to the continued impact of the April Bitcoin halving event. Despite this, Riot still managed to generate a total