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2024-05-10 21:01:09 Bitcoin options traders bet price could surpass all-time high by end of June, analyst says

Based on recent options data from Binance, bitcoin open interest is concentrated at a strike price of $75,000 for the end-of-June expiry, an analyst said. According to Ruslan Lienkha, the chief of markets at Cyprus-based exchange YouHodler, the open interest concentration focuses on bitcoin's all-time high. Bitcoin reached its all-time high of over $73,000 in the middle of March, according to The Block's Price Page.

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2024-05-10 07:50:10 US Bancorp, Rothschild firm disclose spot Bitcoin ETF purchases of roughly $20 million in Q1

US Bancorp disclosed spot Bitcoin ETF investments worth over $15 million on May 8. The company revealed it purchased roughly 87,744 shares of Fidelity’s FBTC worth $5.4 million, 46,011 shares of Grayscale’s GBTC worth $2.9 million, and 178,567 shares of BlackRock’s IBIT worth $7.2 million. The company’s total investments stood at $71.8 billion, based on its latest 13F filing. US Bancorp is among the largest bank holding companies in the US, with over $663 billion in AUM at the end of 2023.

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2024-05-09 19:15:36 Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Over the forthcoming two weeks, Bitcoin miners will see some respite as the difficulty level has decreased by 5.62%, moving from 88.10 trillion to the present 83.15 trillion. This change marks the most substantial reduction in 2024 and came after the halving on April 19, 2024.

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2024-05-09 09:30:19 Former President Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."

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2024-05-08 20:35:35 Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles

Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low. However, the market has experienced several healthy corrections during this bullish trend. In March 2023, Bitcoin saw a 22% drawdown, followed by a 20% correction that lasted from April to June 2023.

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2024-05-08 07:35:09 Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analyst

Grayscale’s spot bitcoin ETF ended a 78-day streak of outflows after registering two consecutive days of net inflows. Bloomberg ETF Analyst James Seyffart told The Block while he's not absolutely sure what might have caused the swing, there could be a few different explanations. "It could be a short-term tactical trade or pairs trade of sorts. Where the fee is far less relevant over shorter time frames," he said.

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2024-05-07 18:50:58 Bitcoin’s April plunge leads to $2.92 billion in spot outflows

Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16%. CryptoSlate previously analyzed the factors contributing to the dip, finding that the conclusion of the US tax season, compounded by various economic factors, prompted the sell-off. However, Bitcoin rebounded most of its losses in April and May.

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2024-05-07 07:50:11 Bitcoin miners are starting to feel the pinch

Last week, The Block’s Data & Insights newsletter talked about the crazy impacts the hype around Runes was having on the Bitcoin network. Specifically, the new token standard that launched at the halving helped push both the number of transactions and the amount of fees being paid on the network to new all-time highs. As is often the case, hype cannot last forever. While roughly half of the transactions on Bitcoin are still related to Runes, the number of transactions has vastly subsided.

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2024-05-06 19:20:32 Bitcoin surpasses one billion transactions processed, eight hundred weeks after launch

Eight hundred weeks and one day after Bitcoin launched on January 3, 2009, with the minting of its genesis block, the world's most valuable cryptocurrency has surpassed one billion processed transactions. launched on January 3, 2009, with the minting of its genesis block, the world's most valuable cryptocurrency has surpassed one billion processed transactions.

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2024-04-10 09:31:00 Bitcoin is a Trojan Horse for freedom

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