Sub $50K Bitcoin correction Looms as Whales Plan to Sell
Bitcoin may face further negative pressure in the run-up to the September 18 US interest rate cut, but will it fall below $50,000 this weekend? A Bitcoin correction below the crucial $50,000 mark could happen as early as this weekend, potentially increasing downward pressure in September, which is historically a bearish month for the cryptocurrency. […]
Mt. Gox Moves 13,265 BTC, Bitcoin Drops Below $60K
Mt. Gox still holds 46,164 bitcoins valued at $2.74 billion, with expectations of completing repayments by year-end. Within the past 24 hours, the cryptocurrency exchange Mt. Gox has once again transferred a whopping 13,265 bitcoins worth a stunning $784 million to two wallets that are unknown to the public. This information comes from the most […]
First leveraged MicroStrategy ETF Debuts in US
The ETF might provide more leveraged exposure to Bitcoin, particularly for institutional investors trying to diversify their holdings. The first Bitcoin-related leveraged exchange-traded fund (ETF) has launched in the United States, marking a significant milestone in institutional cryptocurrency adoption. The new leveraged MicroStrategy ETF, MSTX, aims to provide 175% long daily exposure to MicroStrategy. Sylvia […]
Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]
Bitcoin Transaction Fees Hit Four-year Low
Bitcoin Transaction fees reached a four-year low on July 7, dropping to $38.69. Miners continue to generate profits due to the decreased computational power requirements. On July 7, the average fees associated with each Bitcoin transaction reached their lowest point in four years, at $38.69. This figure was last observed at the height of the […]