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Bitcoin (BTC) exchange-traded funds (ETFs) in the United States recorded unprecedented capital outflows yesterday. They ended the day with withdrawals of 680 million dollars (USD). This new record of outputs in one day in these instruments exceeds the one it had until then by 25%which had been USD 541 million almost two months ago. Yesterday’s…
Bitcoin’s bullish cycle is advanced, but still far from over. Old investors are taking profits to make way for new entrants. According to the recent movements of bitcoin (BTC) investors, the current bullish cycle is still strong to continue. This is according to a new report from the research firm Glassnode published on December 18….
It is the first time that BlackRock has issued a recommendation of this style on exposure to BTC. At BlackRock they believe that, if BTC is widely adopted, “it could be less risky.” BlackRock, the world’s largest asset manager, recommended an exposure of up to 2% in bitcoin (BTC). This is the first time that…
Investments in ETFs have been massive, exceeding USD 34.5 billion accumulated. BlackRock is the ETF issuer that has the most BTC in custody. More than half a million bitcoin (BTC) is in the custody of the companies issuing spot exchange-traded funds (ETFs) traded in the United States. This reflects the massive investment in these financial…
Bitcoin (BTC) opened the day trading above $100,000 (USD), after recovering this level yesterday. This scenario comes as demand for exchange-traded funds (ETFs) remains strong. Bitcoin ETFs in the United States, where the largest stock market operates, yesterday they recorded their tenth consecutive day of capital inflows. They have accumulated more than USD 4.3 billion…
Since bitcoin (BTC) rose to $103,000 (USD) last week, it has remained in a price range below that high. So far this week, the price of the currency is in the range it has mostly held in the last two weeks. This ranges from USD 94,000 to USD 100,000. In this way, the market shows…
Dalio cites the cases of the United States and China, although he excludes Germany. His statements come within the framework of Abu Dhabi Finance Week (ADFW). Billionaire Ray Dalio, founder of the hedge fund Bridgewater Associates, took advantage of Abu Dhabi Finance Week (ADFW) to warn about current debt levels, which he considers unprecedented; In…
Rumble, a streaming platform that competes directly with YouTube, announced the approval of a strategic bitcoin (BTC) reserve, which involves allocating part of the company’s excess cash reserves to BTC purchases. This platform, known for allowing greater freedom regarding censorship, considers bitcoin to be “a valuable tool for strategic planning and is designed to accelerate…
Despite the sales, demand managed to absorb supply and kept BTC close to 100 thousand USD. The price of bitcoin reached an all-time high yesterday: $99,600. While the community bitcoiner expects the price of Bitcoin (BTC) to cross $100,000 for the first time in history, the sales record recorded yesterday, November 22, 2024, prevented it…
Media attention, trends on social networks and “silly” purchases are signs. The total cryptocurrency market capitalization has increased by 29.8% in 1 month. The bitcoin (BTC) and cryptocurrency market is heating up as the price of BTC continues to rise and approaches $100,000. However, far from peaking, renowned analyst Lark Davis argues that the market…
