[ad_1] The number of Bitcoin (BTC) millionaires has soared by 111% this year, driven largely by the rise of crypto exchange-traded funds (ETFs). The approval of spot Bitcoin ETFs, followed by Ethereum (ETH) ETFs, has attracted institutional players to crypto, creating a new wave of demand beyond retail investors. Bitcoin ETFs Fuel Increase in BTC […]
[ad_1] Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven […]
[ad_1] Samson Mow, a Bitcoin influencer and the CEO of JAN3, recently made waves with his predictions on the future price of Bitcoin. He shared his outlookᅳbullish for the price trajectory of Bitcoinᅳin a post on the social media site X (formerly Twitter) recently. According to Mow, Bitcoin is at its “sale” moment, telling people […]
[ad_1] Three Puerto Rican residents have become pivotal in converting Donald Trump, a once skeptical figure, into a Bitcoin enthusiast. Amanda Fabiano, Tracy Hoyos-López, and David Bailey reportedly used their unique positions to influence the former president, particularly to get him to attend the Bitcoin Conference in Nashville. Consequently, Trump’s speech made headlines, enhancing his […]
[ad_1] The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing. This surge was mirrored across the altcoin landscape, with several cryptocurrencies, including TRON, Avalanche […]
[ad_1] Pro-Bitcoin presidential candidate Robert F. Kennedy Jr. has withdrawn from the 2024 race and endorsed former President Donald Trump. Following this announcement, Bitcoin’s price surged by over 4% in the last 24 hours, pushing it past the $64,000 mark for the first time since early August. RFK Jr. Suspends Campaign, Backs Trump On August […]
[ad_1] Historical on-chain data shows that high bitcoin (BTC) demand often precedes price recoveries and rallies; however, this is not the case at the moment. Current market dynamics suggest that such price movements are unlikely in the near term because BTC demand growth has remained at low levels. A recent report from CryptoQuant revealed that […]
[ad_1] Bitcoin is beginning to show signs of a potential upward trend as several on-chain metrics are turning positive. These metrics, which often serve as indicators of future price movements, paint a picture of growing optimism in the market. One of the key indicators supporting this positive outlook is the exchange inflow/outflow data, which reveals […]
[ad_1] Babylon has unveiled a Bitcoin staking program, establishing a new precedent in the crypto sector. This strategy allows users to stake Bitcoin while retaining custody, offering a transformative way to utilize a $1.2 trillion asset without surrendering control. That being said, some speculate that Babylon is akin to EigenLayer for Bitcoin. Babylon Bitcoin Staking […]
[ad_1] Crypto over-the-counter (OTC) desks, which facilitate high-volume transactions among buyers and sellers, currently hold 368,000 bitcoin (BTC), valued at a staggering $22 billion in current market prices. This marks the highest level seen since June 2022. A report from on-chain analyst CryptoQuant revealed that the $22 billion in BTC was propelled by a notable […]
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