Tag: Cryptocurrency market
Bitcoin Investment Products Experience Over $600M Outflows Last Week: CoinShares
Bitcoin investment products experienced significant outflows last week, totaling $621 million, according to asset manager CoinShares. This outflow was a result of mixed economic signals from the U.S., which impacted the broader digital asset...
Bitcoin Miners Profit from BTC Rally as Crypto Exchange Transfers Surge
Bitcoin miners have been taking advantage of the recent rally in BTC prices, with a significant amount of BTC transfers from mining pools to exchanges totaling $209 million. This surge in transfers coincided with...
From Fringe to Forefront: Embracing Digital Assets in Institutions
A significant transformation is taking place in the financial world as digital assets are gaining more attention and investment globally. The recent introduction of Bitcoin ETFs and the upcoming Ethereum ETFs have made it...
Ether ETFs Approval Expected by September: SEC Chair Gensler
During a recent budget hearing, Securities and Exchange Commission Chair Gary Gensler mentioned that final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) are expected to be completed by this summer. He stated...
Ethereum Withdrawals Surge Over $1.2 Billion: Analysis & Trends
Ethereum has recently experienced a surge in withdrawals totaling over $1.2 billion, indicating that large crypto investors, also known as whales, are anticipating a price recovery. These significant withdrawals have led to Ethereum balances...
Dogecoin Transactions Surge as Whales Spend $129M
Dogecoin has been making headlines recently due to a surge in transactions by whales who have spent a whopping $129 million on the meme coin. Despite a significant drop in price over the past...
Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks Bitcoin Price Struggles Near $67,000 Amid...
Bitcoin struggled to maintain its price near $67,000 as the overall crypto market remained stagnant. The leading cryptocurrency has been trading sideways after failing to sustain upward momentum earlier in the week. Investor confidence...