The countdown to Bitcoin’s highly anticipated halving event is on, with fewer than 10,000 blocks left as of Feb. 12. According to the Bitcoin Halving Clock, approximately 9,843 blocks remain before the event, which is estimated to occur by April 17. The halving event is significant for the crypto industry because it enhances Bitcoin’s scarcity …
Monthly archives: February 2024
Why did Bitcoin’s market cap surge by over $102 billion while realized cap only grew by $4 billion?
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Bitcoin approaches new yearly highs after erasing 20% dip
Bitcoin touched the $49,000 on Feb. 12, reclaiming the price levels it hit after the historic approval of spot Exchange-Traded Funds (ETFs) related to the flagship crypto at the start of January. The flagship crypto was trading at $49,725 as of press time, according to CryptoSlate data. Bitcoin surged as U.S. markets opened for trading, erasing …
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Crypto AUM reaches two-year peak of $59 billion driven by US Bitcoin ETF inflows
Large inflows into the newly launched spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have propelled the assets under management (AUM) for crypto-related investment products to a two-year high of $59 billion, according to CoinShares’ latest weekly report. US dominate flows During the past week, digital asset investment products witnessed significant inflows totaling $1.1 …
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February’s Bitcoin ETP net inflows close to total of previous three months
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SafeMoon SFM token drops 6% following $11 million liquidity drain
More than $11 million worth of digital assets were removed as liquidity from various pools of the controversial crypto project SafeMoon, according to blockchain security firm Cyvers Alert. Following the news, SafeMoon’s SFM token fell 6% to $0.00003134 as of press time, according to CryptoSlate’s data. Liquidity removed In a Feb. 12 post on social …
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Divergent performances highlight resilience and challenges for Bitcoin ETFs and equities
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Bitcoin Soars Past $49K, Eyes $50K Milestone Amid Global Trading Frenzy
Bitcoin’s spot market value leaped over the $49K threshold on Monday, breaking free from its initial trading confines of the day. The leading digital currency by market cap swiftly reached $50,000, marking a 3.7% increase over the past day and a notable 15.6% rise throughout the week. Bitcoin Breaks $49K Barrier, Bulls Seek to Tackle …
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BEAM and KAS Rise This Week Snagging Double-Digit Gains; XMR, FXS, and RON Face Sharp Declines
In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe. 7-Day Crypto Gainers and …
Ethereum Technical Analysis: Sideways Movement as ETH Eyes Break Above $2,500
With its price positioned at $2,485, ethereum’s daily fluctuations have ranged from $2,309 to $2,541, highlighting a market that is both dynamic and erratic. The current market capitalization of ether is approximately $299.25 billion, and in the last 24 hours, ethereum has seen a global trading volume of $6.91 billion. Following a peak in the …
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Bitcoin Technical Analysis: BTC Bulls Retreat From Near $49K Peak
As of Feb. 12, 2024, bitcoin displays a robust upward momentum across several charts, underscored by its sharp ascent from $47,593 to $48,814 on Sunday. On the subsequent Monday, bitcoin’s market value reached $939 billion, with a trading volume of $21.57 billion for the day. Currently, the upward trend pauses, with the price dipping below …
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CryptoQuant CEO Sees Bitcoin Rallying Above $100,000 on the Back of ETF Inflows – Here’s His Timeline
The co-founder and CEO of market intelligence firm CryptoQuant thinks that Bitcoin exchange-traded funds (ETF) inflows could propel BTC to a new all-time high in the coming months. Ki Young Ju tells his 332,900 followers on the social media platform X that in a bullish scenario, he sees Bitcoin surging above $100,000 by the end …
Top Analyst Predicts 40% Ethereum Rally Once ETH Takes Out This Level – Here’s His Outlook
A trader who caught the 2023 crypto breakout believes that Ethereum (ETH) may be gearing up for a big surge to a level last seen about two years ago. In a fresh strategy session, crypto strategist DonAlt tells his 56,900 YouTube subscribers that Ethereum is one resistance level away from igniting a 40% move to …
Arthur Hayes Reverses Short-Term Bearish Stance, Says Bitcoin Will Hit All-Time Highs This Year
BitMEX founder Arthur Hayes says he’s no longer short-term bearish on Bitcoin (BTC) now that the crypto king has convincingly proved him wrong. Earlier this year, Hayes says he bought some put options for Bitcoin at a strike price of $35,000 with the expectation of a short-term price correction. In a new interview on Crypto …
Short-term Bitcoin holders send over $4B in profit to exchanges
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