Bitcoin Whales Accumulate $3.5 Billion Amidst Price Volatility
June 20 (Cointime) - Bitcoin whales, or wallets holding between 1,000 and 10,000 BTC, have accumulated a total of $3.5 billion worth of the cryptocurrency since early April, according to market intelligence platform Santiment. This accumulation comes amidst recent price declines and is seen as a positive sign as these investors tend to have a long-term perspective.
Bitcoin Price Steadily Recovers, Blackrock's Bid for Spot BTC ETF Boosts Market Sentiments
June 20 (Cointime) - Bitcoin's price has continued to recover steadily, reaching $27,200 for the first time since June 7 despite negative market sentiments. The cryptocurrency is currently trading at $26,938, with a 2% increase in 24 hours. If the bullish outlook stays grounded, Bitcoin's price could push beyond $28,000, bringing the psychological $30,000 hurdle within reach.
Investors Pull $5.1 Million from Digital Asset Funds for Ninth Week in a Row Despite BlackRock's Bitcoin ETF Bid
June 20 (Cointime) - Investors withdrew $5.1 million from digital asset funds last week, marking the ninth consecutive week of outflows. However, this amount is significantly less than the $88 million withdrawn the previous week, which was attributed to high-profile SEC lawsuits against Coinbase and Binance. The outflows were partially offset by investors buying the dip on altcoins such as XRP, Cardano, and Polygon. BlackRock's Bitcoin exchange-traded product (ETP) bid helped to stem the bearish streak of outflows, with $5 million in inflows on the day of the announcement.
Fed Chairman Powell's Testimonies and Ripple's Legal Battle Could Impact Bitcoin and Crypto Markets This Week
June 19 (Cointime) - The past week has been significant for the Bitcoin and crypto markets, with the US Federal Reserve's interest rate decision and BlackRock's application for a Bitcoin spot ETF.
Bitcoin Miners Rushing to Exchanges: Unprecedented Asset Transfer Rate
June 19 (Cointime) - According to data from Glassnode, Bitcoin miners have transferred more BTC to exchanges in the past week than at any point in the past five years. Despite this, miners are still holding 1.829 million BTC, worth around $49 billion. Some market analysts believe that the miners' transactions indicate their confidence in Bitcoin's future prices, while others suggest that the flow of funds to exchanges suggests that an entity plans to sell. Bitcoin's value has dropped significantly in the past two weeks, but sentiment appears to have shifted after BlackRock applied for a Bitcoin Spot ETF.
BlackRock's Bitcoin Plans Spark Rally in Grayscale Bitcoin Trust (GBTC)
June 18 (Cointime) - BlackRock's plans to launch a Bitcoin spot price exchange-traded fund (ETF) have caused a rally in the Grayscale Bitcoin Trust (GBTC), with the discount on GBTC share prices currently at -36.6%.
Bloomberg Analyst Outlines Theories on BlackRock's Move to File Bitcoin ETF - Here's His Outlook
June 18 (Cointime) - BlackRock, the world's largest investment management company, has filed for a Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust.
New Bitcoin Whale Emerges with $261 Million in Crypto, Bitcoin Price Rebounds
June 17 (Cointime) - A new Bitcoin whale has emerged, transferring 10,000 BTC worth $261 million to a brand new wallet with no registered owner. This could indicate a purchase or a whale redistributing their crypto holdings.
BlackRock's Bitcoin Trust Filing Could Boost Confidence in BTC, But Some Warn of Hidden Costs
BlackRock's filing for a Bitcoin trust is expected to boost investor confidence in the cryptocurrency, according to some industry experts. Galaxy Digital CEO Mike Novogratz called it "the best thing that could happen to $BTC."
BlackRock's iShares Unit Files for Bitcoin ETF, BTC Jumps Past $25,700
June 16 (Cointime) - Bitcoin experienced a gain of over 1.3% and surpassed $25,700 after BlackRock's iShares filed paperwork with the SEC for a spot bitcoin ETF. The price of BTC had recently dropped below $25,000 due to concerns about US regulatory scrutiny and central bank hawkishness.
