Bitcoin Spot ETFs have seen four straight days of withdrawals, leading to price declines across the crypto market. Outflows Led by Grayscale The Grayscale Spot ETF has been the main driver of the outflows, with investors expressing concerns about its high fees. This is the second time Spot ETFs have experienced four consecutive days of…
Despite four days of Bitcoin exchange-traded funds (ETFs) losing money, the Bitcoin price has climbed back above $66,000. Grayscale ETF Outflows Grayscale’s ETF (GBTC) had a huge outflow yesterday, losing $358 million in a single day. This brings GBTC’s total outflow to $13.63 billion. BlackRock ETF Inflows In contrast, BlackRock’s Bitcoin ETF (IBIT) gained $233…
ETF Investors Behaving Like “Noobs”? On-chain analyst Willy Woo suggests that some spot Bitcoin ETF investors may be less experienced than expected. When prices crashed on March 5th, there was a $1.6 billion outflow from spot Bitcoin ETFs, while the network saw $1.1 billion in inflows. This suggests that some investors redeemed their shares and…
What’s Happening? A serious flaw in Apple’s M-series chips could expose the private keys that secure your cryptocurrencies. This flaw, called “GoFetch,” lets hackers steal these keys without needing special access. How Does It Work? The flaw is in a part of the chip that helps it run faster. However, this part can also be…
New Restrictions on Cash and Crypto The EU Parliament has approved new laws to combat money laundering and terrorism financing. These laws include: Ban on anonymous cash payments over €3,000 Ban on cash transactions over €10,000 in business settings Ban on anonymous crypto payments to hosted wallets Concerns over Privacy Critics, like MEP Dr. Patrick…
Goldman Sachs executive Matthew McDermott claims that retail traders are leading the current crypto market rally. He noted that institutional involvement is still in its early stages. Institutional Interest Grows Goldman Sachs established a crypto trading team in 2021 and continues to expand its capabilities. McDermott observed a significant increase in client interest and trading…
Ronin (RON), an Ethereum-based gaming altcoin, has seen a significant surge in value following its listing on Coinbase, a major cryptocurrency exchange. Coinbase Announcement Coinbase announced on March 21st that it would support Ronin, a protocol developed by Sky Mavis, the team behind the popular NFT game Axie Infinity. Ronin’s Price Surge The announcement sparked…
Argentines are increasingly buying Bitcoin (BTC) as a way to protect their savings from the country’s rampant inflation, which currently stands at 276%. Shift from US Dollar to Bitcoin The US dollar has traditionally been a safe haven for Argentines, but its appeal has waned in recent months as Bitcoin’s value has surged. Over the…
Crypto analyst Michaël van de Poppe has analyzed the digital asset markets following Bitcoin’s recent surge. Bitcoin According to van de Poppe, Bitcoin’s latest rebound will continue its upward trend. He predicts consolidation followed by another run towards its pre-halving all-time high. Chainlink (LINK) Van de Poppe believes Chainlink is poised for further growth. He…
Mass Liquidations Bitcoin’s recent surge above $67,000 triggered nearly $300 million in liquidations. Over 86,000 traders faced losses, with Binance alone accounting for $128.7 million. Short positions (bets against the market) were the hardest hit, making up 57.55% of the liquidations. Bitcoin’s Recovery Despite a recent dip, Bitcoin has recovered, increasing its value by 6%…
