Despite market volatility and declining prices in Q2, U.S.-based institutional investors are showing strong support for Bitcoin through spot ETFs. According to Bitwise, approximately 66% of institutional investors have either maintained or increased their holdings in Bitcoin ETFs. This trend is highlighted by the rise in filings associated with spot Bitcoin ETFs, indicating a growing
Cryptocurrency
Bitcoin has seen a significant increase in popularity and mainstream adoption over the past few years, leading to an influx of institutional investors in the cryptocurrency market. These institutions have rapidly grown their Bitcoin holdings, resulting in a significant shift in the distribution of BTC ownership. One striking development highlighted by crypto pundit Marty Party
The Bitcoin price remains stagnant, with investors hesitant to make a move due to macro uncertainties. Analysts like Michael van de Poppe have suggested that Bitcoin could potentially drop to as low as $48,000 if certain conditions are met. Van de Poppe highlighted in a recent post that if the Consumer Price Index (CPI) inflation
Bitcoin took a hit on Wednesday, dropping 2.5% to $59,100 following the news that the U.S. government had shifted more of its Silk Road-related Bitcoin holdings to Coinbase Prime. The on-chain analysis platform, Arkham Intelligence, highlighted the transfer by revealing that 10,000 BTC valued at $593 million had been moved. This move raises questions about
Metaplanet recently made a bold move by investing approximately $3.3 million in bitcoin, acquiring 57.103 bitcoins at an average price of 8,756,107 yen per bitcoin. This investment is part of the Japanese investment firm’s larger strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now holds a total of 303.095 BTC, which has
In a historic move, Crypto.com, the Singapore-based cryptocurrency exchange, has solidified a groundbreaking partnership with the prestigious Union of European Football Associations (UEFA) Champions League. This partnership marks a significant milestone as Crypto.com becomes the official global sponsor of the UEFA Champions League, setting a new standard in the world of sports sponsorships. This exclusive
Bitcoin, the pioneer cryptocurrency, has been trading below the $20,000 range for nearly two years now. While some may believe that Bitcoin will never reach this level again, a prominent analyst suggests otherwise. In a recent analysis on the TradingView platform, the analyst known as “Without Worries” discussed the possibility of Bitcoin crashing back to
Ethereum’s Layer 2 ecosystem has been making waves with a new record for daily transaction volume, reaching an impressive 12.42 million on August 12. This growth highlights the rapid advancements in scalability, potentially driving user engagement to new heights. The surge in daily transactions, reported by Growthepie, shows a 140% increase year-to-date, indicating the growing
Bitcoin’s price has seen a significant increase, climbing nearly $2,000 in just a day after the release of better-than-expected core PPI numbers in the United States. This surge comes on the heels of a positive end to the previous business week, where Bitcoin reached almost $63,000 on Friday. This rebound marked a recovery of over
Samuel Edyme, known by his nickname HIM-buktu, is a multi-talented individual who has made a name for himself in the world of cryptocurrency. As a web3 content writer, journalist, and aspiring trader, Edyme has proven himself to be a force to be reckoned with in the industry. His journey into the world of crypto was