Nine newly launched US spot Bitcoin exchange-traded funds (ETFs) have quickly gained traction, collectively holding over 300,000 BTC in assets under management (AUM). This represents nearly 1.5% of the total BTC supply of 21 million. Rapid Growth and Investor Confidence Since their debut in January, these ETFs have attracted a total of 303,002 BTC, equivalent…
Typing Error Costs Crypto Exchange Hundreds of Thousands An Australian businessman has allegedly vanished after receiving an accidental deposit from a crypto trading platform in late January. The Victorian Supreme Court has frozen his assets as efforts to contact him have been unsuccessful. Mildura Resident Pockets Half a Million in Typing Error According to ABC…
Analyst Predictions Crypto analyst Altcoin Sherpa believes Ethereum (ETH) could soar to $4,000. Bitcoin Ape’s technical analysis also supports this prediction, indicating a strong bullish trend for ETH. Ethereum’s Bullish Momentum ETH has broken through several resistance levels in February, including the recent $3,130 mark. This suggests a sustained bullish momentum. Independent of Bitcoin’s Success…
Jurrien Timmer, a top analyst at Fidelity, believes Bitcoin (BTC) has the potential to take a significant portion of the market share currently held by gold. Monetary Gold and Bitcoin’s Market Cap Timmer’s analysis focuses on “monetary gold,” which refers to gold held by central banks and private investors as a monetary asset, excluding gold…
Former Goldman Sachs executive Raoul Pal believes Ethereum (ETH) is gearing up for a massive breakout against Bitcoin (BTC). Breakout of a Diagonal Resistance Pal shared a chart on social media showing that the Ethereum versus Bitcoin ratio (ETH/BTC) is on the verge of breaking above the diagonal resistance of a massive wedge on the…
Major Purchases: One whale withdrew 14,632 ETH ($45.5 million) from Binance and staked it. Two new whale wallets withdrew 6,000 ETH ($18.7 million) from Kraken. Another whale bought 2,000 ETH ($6.2 million) from Kraken. A suspected Justin Sun wallet bought 13,780 ETH ($41.24 million) from Binance. Overall Market: Ethereum is up 4% in the last…
Spot Bitcoin ETF Inflows Surge Bitcoin Spot ETFs are making a strong comeback, with inflows reaching new heights. The price of BTC has seen a significant 8% increase in the last 24 hours, creating a surge of excitement in the market. Several factors may be driving this growth, but institutional investors appear to be playing…
The Bitcoin Fear & Greed Index has hit Extreme Greed, its highest level in almost three years. This article explores what this means for the market and what investors can expect next. Bitcoin Fear & Greed Index: A Measure of Investor Sentiment The Bitcoin Fear & Greed Index is a measure of investor sentiment, indicating…
Bitcoin, the leading cryptocurrency by market capitalization, experienced a significant surge on Monday, reaching $57,000 for the first time in 26 months. This surge has prompted predictions of a new all-time high before the end of 2025. Analyst’s Optimistic Prediction Peter Brandt, a cryptocurrency analyst and CEO of Factor LLC, expressed optimism about Bitcoin’s future…
Dormant Address Comes to Life On Tuesday, a dormant Ethereum address sprang into action, taking advantage of the recent surge in ETH prices. The wallet, inactive for nearly a decade, made its first transaction after ETH surpassed $3,200. Pre-Mine Address Details The address in question is a pre-mine address, meaning it existed before Ethereum’s official…
