Bitcoin ⚡️Action | Crypto News Feed

2024-04-04 19:09:56 10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total circulating supply of 19.67 million bitcoins.

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2024-04-03 09:04:57 Bitcoin Miners Score Record Monthly Revenues At Over $2 Billion

The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31. Miner revenues are almost entirely dependent on Bitcoin’s market price, since the number of newly mined coins remains mostly the same at any given time, irrespective of demand. Throughout March, Bitcoin consistently traded above $60,000 USD, topping an all-time high of over $73,000 on March 13.

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2024-04-02 06:29:57 HISTORY: In 2013, this dude on YouTube begged everyone to buy just $1 worth of bitcoin

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2024-04-01 19:28:58 BitGo CEO on Bitcoin: If you're not ready for 20% drops, then you're not ready for the 600% increases

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2024-03-30 20:34:59 Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024

Nearly $10 billion worth of Bitcoin has left crypto exchanges since the United States spot exchange-traded funds (ETFs) launched. Data from on-chain analytics firm Glassnode shows that since Jan. 11, exchanges are down over 136,000 BTC. Bitcoin supply dynamics continue to sway in bulls’ favor as exchanges see mass withdrawals this quarter. The U.S. spot Bitcoin ETFs have been trading for less than three months, but in that time, around $9.5 billion worth of BTC has been withdrawn from major trading platforms.

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@Bitcoin_Action Buka / Bagaimana

2024-03-29 20:50:00 Bitcoin ETFs surpass $12 billion in net inflows as GBTC selling slows

BitMEX data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) witnessed another day of net inflows on March 28, totaling $183.0 million, equivalent to 2,587.9 BTC. This marks the fourth consecutive day of inflows. While the Grayscale Bitcoin Trust (GBTC) experienced outflows of $104.9 million, equivalent to 1,482.8 BTC, this figure represents the smallest outflow since March 12, potentially indicating a sales pressure slowdown. Despite the outflows, GBTC has now seen a total of $14,767.6 billion, equivalent to 283,937 BTC in outflows, according to BitMEX.

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@Bitcoin_Action Buka / Bagaimana

2024-03-28 21:09:57 Larry Fink ‘very bullish’ on Bitcoin after IBIT’s record-breaking performance

BlackRock CEO Larry Fink said the record-breaking performance of IBIT has made him more bullish about the future of Bitcoin. Fink made the statement during an interview on Fox Business on March 27, where he called the company’s spot Bitcoin ETF the most rapidly expanding fund in history. He also said that the SEC classifying Ethereum as a security would not be that detrimental to its future and would not hamper the company from issuing a spot ETH ETF.

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@Bitcoin_Action Buka / Bagaimana

2024-03-27 19:38:59 Spot bitcoin ETFs break five-day outflow streak

After five consecutive days of outflows, spot bitcoin exchange-traded funds (ETFs) experienced a total net inflow yesterday. The net inflow into spot bitcoin ETFs on Monday totaled $15.7 million, according to data from SoSo Value. This follows consecutive single-day outflows of as much as $326.2 million, which occurred on March 19, per The Block's data.

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@Bitcoin_Action Buka / Bagaimana

2024-03-23 10:04:57 Bitcoin demand in Argentina reaches highest point in nearly two years

Bitcoin remains in demand among Argentines as the ARS has lost fourfold value against the US dollar in the last year, dropping from 0.0049 USD per ARS in March 2023 to 0.0012 USD at present. Argentines' efforts to preserve their savings amid the ongoing decline of their national currency, the Argentine peso (ARS), has resulted in the nation recently hitting its highest demand for Bitcoin in 20 months, according to a recent report.

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2024-03-22 20:28:57 Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

Volatility in crypto markets continued Friday, with bitcoin (BTC) tumbling below $63,000 at one point from the $67,000 area just hours earlier. A modest rebound since has taken the price back to the current $64,000, down 3.7% over the past 24 hours. The sell-off rippled through the market, with the broad CoinDesk 20 Index was lower by 4.4% over the same time frame, led by layer-1 network Solana's token (SOL) declining more than 10% at one point.

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@Bitcoin_Action Buka / Bagaimana