Bitcoin ETFs record nearly $1b inflows as BTC rallies past $102k
Spot Bitcoin exchange-traded funds in the United States recorded nearly $1 billion in inflows on Jan. 6 as Bitcoin managed to recover to the $102k level. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded inflows of $987.06 million on Monday, marking their second straight day of inflows. Over these two days, the […]
Bitcoin miners tap billions in funding to counter energy challenges
Bitcoin mining firms are turning to billions in fresh funding as high energy prices squeeze profits. Facing soaring energy costs, Bitcoin (BTC) miners in the U.S. are building war chests worth billions as competition for resources intensifies and profitability following Bitcoin’s latest halving remains under pressure, the Financial Times reports. Companies like Marathon Digital, Riot […]
BitMEX’s Hayes predicts Bitcoin to peak soon as Fed’s tools near exhaustion
The Federal Reserve’s quantitative tightening and liquidity measures could drive Bitcoin to a late Q1 peak, BitMEX co-founder Arthur Hayes says. In his latest essay on Jan. 7, BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) will hit its peak by late March, pointing out the Fed’s challenges in keeping the market stable while pulling $180 […]
Bitcoin ETFs roar back with second day of $900M+ inflows
While the spot Bitcoin ETFs smashed industry expectations in 2024, the products finished poorly with outflows in six of the last eight trading days. Source link
Bitcoin ETFs scooped up almost 3X more BTC than produced in December
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced. Source link
Bitcoin becomes 7th largest global asset, stablecoins and AI drive crypto in 2024: report
A new Binance report for December highlights bullish and notable trends in the crypto space as we enter a new year. The cryptocurrency market closed in 2024 with a record-breaking performance. Bitcoin (BTC) broke through $100,000, driven by regulatory optimism, bullish sentiment, institutional adoption, and technological innovation. Binance’s December Research Monthly Market Insight report highlighted […]
CleanSpark mined 668 Bitcoin in December, holds 9952 BTC
CleanSpark Inc., a publicly traded Bitcoin mining company, mined 668 Bitcoin in December 2024. The company sold 12.65 Bitcoin during the same period at an average price of $101,246 per Bitcoin (BTC). By year-end, CleanSpark held 9,952 Bitcoin in its reserves, according to a company release. For 2024, CleanSpark reported mining a total of 7,024 […]
Bitcoin traders target $138K BTC price after Coinbase premium hits ‘breakeven point’
The return of the Bitcoin “Coinbase premium” could be a sign that BTC price is on the path to $138,000. Source link
Bitcoin ‘debasement trade’ is here to stay: JPMorgan
Investors are boosting Bitcoin allocations as a hedge against geopolitical uncertainty, the bank said. Source link
Calamos to launch Bitcoin ETF with 100% downside protection
Calamos Investments is introducing a Bitcoin exchange-traded fund with 100% downside protection. Set to debut on the Chicago Board Options Exchange on Jan. 22, the ETF, called CBOJ, aims to address Bitcoin’s volatility while offering growth potential, according to a company release. Bitcoin (BTC) has often deterred risk-averse investors due to its significant price swings. […]
