all posts Bitcoin News

💰 US spot #bitcoin ETFs rebound to daily net inflows of $158 million; BTC hovers at $63,500 Spot bitcoin exchange-traded funds in the U.S. recorded net inflows of $158.21 million on Thursday after seeing $52 million in net outflows from the day before. Ark Invest and 21Shares’ ARKB led the pack of inflows yesterday with $81.07 million, according to SoSoValue data. Fidelity’s FBTC followed with $49.88 million in net inflows, and Bitwise’s BITB saw positive flows worth $10.36 million. Source https://t.me/Bitcoin_NewsTg

💰 Analysts predict Bitcoin volatility spike as market aligns like a ‘coiled spring’ Bitcoin’s (BTC) spot volume hit $16 billion on Sept. 18 following the US Federal Reserve confirming a 50 basis point interest rate cut. According to FalconX head of research David Lawant, the high volume paired with the liquidity setup shown in the past six months could be a sign of impending high volatility. Source https://t.me/Bitcoin_NewsTg

💰 KPMG calls for stronger custodial practices to boost Bitcoin adoption Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses. According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth. Source https://t.me/Bitcoin_NewsTg

🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years. 🤝 @Cryptocurrency_Inside ✅

💰 BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin exchange reserves drop to 2018 levels The number of Bitcoin held on exchanges significantly declined in September, dropping to levels last seen in mid-November 2018. Since the beginning of the month, Bitcoin exchange reserves have dropped from approximately 2.62 million BTC to 2.58 million BTC. This decline of nearly 38,000 BTC in just over two weeks follows a continued trend of Bitcoin flowing out of exchanges at an accelerated pace. Source https://t.me/Bitcoin_NewsTg

🏦 Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism Coinbase’s newly launched wrapped #Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Source https://t.me/Bitcoin_NewsTg

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💰 Standard Chartered: Bitcoin Could Hit $125K Under Trump, $75K Under Harris Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or $75,000 under Harris, with temporary drops under a Harris presidency. Regulatory concerns loom, but other factors, like U.S. Treasury curve movements, provide a positive outlook. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin mining CEOs agree on $250k price target for 2028 halving Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin mining difficulty hits record high of 92.67 trillion amid falling miner revenues Bitcoin mining difficulty climbed 3.6% on Sept. 11 to reach an all-time high of 92.67 trillion. CryptoQuant showed that the increase comes as miner profitability continues declining, further putting pressure on the firms struggling since April’s halving event. Bitcoin’s mining difficulty adjusts every two weeks after the completion of 2,016 blocks, designed to ensure stable block discovery times. Source https://t.me/Bitcoin_NewsTg

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🥇 Bitwise CIO highlights rapid adoption of Bitcoin ETFs by advisors Bitwise Chief Information Officer (CIO) Matt Hougan asserted that investment advisors are adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) faster than any other ETF launched in recent history. Hougan made the statement in response to a Sept. 8 social media post by researcher Jim Bianco, who claimed that less than 10% of US-traded spot Bitcoin ETFs AUM comes from investment advisors. He added that the ETFs are a “small tourist tool” instead of an adoption vehicle. Source https://t.me/Bitcoin_NewsTg

💰 Unisat-backed Fractal Bitcoin goes live on mainnet, taps into BTC core code for scaling solution Fractal Bitcoin, a highly anticipated Bitcoin scaling solution backed by wallet provider Unisat, has launched its mainnet today, introducing a scaling solution that operates directly on the Bitcoin Core codebase. Fractal Bitcoin claims to be the only Bitcoin scaling solution that uses the core code itself. It aims to differentiate itself from other Bitcoin sidechains and purported Layer 2 solutions by focusing on Bitcoin-native constructs rather than Ethereum Virtual Machine (EVM) compatibility. Source https://t.me/Bitcoin_NewsTg

💰 Corporate Bitcoin Adoption Surges in 2024, River Report Reveals Corporate adoption of bitcoin has experienced a significant surge in 2024, according to a recent report from River, a U.S.-based bitcoin-focused financial services company. The report highlights the growing role of bitcoin in business treasuries, offering insights into key trends and future projections. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin falls below $54k as market sees volatility following jobs data Bitcoin tumbled below $54,000 on Friday after initially climbing to $57,000 earlier in the day following the release of a key US jobs report. As of press time, the flagship crypto was trading at $54,100 after touching a low of $53,780 and had yet to establish a local bottom for the day, based on CryptoSlate data. Source https://t.me/Bitcoin_NewsTg

💰 US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows. Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday. Source https://t.me/Bitcoin_NewsTg

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💰 Bitcoin drives Morgan Stanley fund’s strategy with key positions in IBIT and MicroStrategy According to a recent SEC filing, the Morgan Stanley Institutional Fund, Inc. – Counterpoint Global Portfolio reported total net assets of $10,042,729 as of June 30, 2024. The portfolio holds 216 different investments and has a portfolio turnover rate of 51% for the first half of the year. Source https://t.me/Bitcoin_NewsTg

💰 Low exchange stablecoin ratio hints at strong Bitcoin demand The exchange stablecoin ratio is a critical barometer of market sentiment, reflecting the balance between stablecoins and Bitcoin held on exchanges. When this ratio plummets, it typically signals increased Bitcoin accumulation, suggesting traders are confident in a price surge. As we see Bitcoin testing the $60,000 resistance, the ratio just hit its lowest point this year. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin perpetual futures reflect market pessimism as funding rates stay below neutral: K33 Research The bitcoin perpetual futures market is showing considerable pessimism, with funding rates remaining below neutral for an extended period — similar to the significant price drop the digital asset experienced in November 2022 — according to an analyst. "We’re in the deepest funding rate environment since bitcoin’s 80% drawdown in November 2022," K33 Research analyst Vetle Lunde said. Source https://t.me/Bitcoin_NewsTg

🥇 21Shares launches wrapped Bitcoin 21BTC on Ethereum amid WBTC challenges According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain. The company stated that it was collaborating with Flow Traders, a leading global market maker, to launch a product that would give customers “peace of mind as they explore decentralized applications and new opportunities on the Ethereum blockchain.” Source https://t.me/Bitcoin_NewsTg

💰 QCP Capital highlights ether's 'significant' underperformance compared to bitcoin in August QCP Capital analysts emphasized ether's significant underperformance relative to bitcoin in August and cautioned that September might bring additional declines. "Bitcoin ended August down 8.6%. We started the month with the 'Bank of Japan crash' and bitcoin was never able to recover above $65,000. Ethereum performance in August was significantly poorer, down 22.2% in August on the back of alleged selling by Jump Trading," QCP Capital analysts said. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin leads $305 million outflows as strong US economic data hits crypto Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.” Source https://t.me/Bitcoin_NewsTg

💰 Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit bitcoin due to its fixed supply and deflationary nature. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin’s Hash Price Is at All-Time Low The Bitcoin hash price, a metric measuring miner revenue per terahash or computing power, has fallen to its lowest level ever. According to recent data, this is a sign of upcoming bullish momentum. Woominkyu shared a chart highlighting the relationship between the price of bitcoin and the network’s hash price. The chart showed periods when a drop in hash price corresponded with BTC bottoms; hence, based on historical data, lower hash level periods have occurred simultaneously with BTC price bottoms. Source https://t.me/Bitcoin_NewsTg

🥇 Bitcoin still underperforming stocks since early August deleveraging event: Coinbase Bitcoin has not performed as well as U.S. stocks and other macro assets over the past few weeks following the widespread deleveraging in early August. On Monday, Aug. 4, the cryptocurrency market shed approximately $367 billion in value within a 24-hour period. This selloff coincided with a broader decline in equities in one of the worst days for risk assets since the "Black Monday" crash of 1987. Source https://t.me/Bitcoin_NewsTg

💰 Solo Bitcoin miner earns $200,000 reward amid growing centralization concerns A solo Bitcoin miner has independently solved a BTC block to earn a reward of 3.275 BTC, roughly equivalent to $200,000. On Aug. 29, Con Kolivas, a software engineer and administrator of the solo mining pool ckpool, announced on X that the miner had successfully solved the 291st solo block in Bitcoin’s history. Source https://t.me/Bitcoin_NewsTg

💰 Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower increases and blocks are mined too quickly, the difficulty rises. Source https://t.me/Bitcoin_NewsTg

🥇 Acre’s yield-bearing stBTC token is now live on Bitcoin scaling network Mezo Mezo, the yield-bearing Bitcoin Layer 2 being developed by venture studio Thesis, is launching a liquid-staked bitcoin token in what could be a first for the network. Users mint stBTC by depositing either BitGo's wrapped bitcoin (WBTC) or the bitcoin-backed Ethereum token tBTC on Mezo, paying a fee and locking their tokens. These stBTC tokens can then be ported over to the tBTC/stBTC pool on DeFi platform Curve to receive Curve LP tokens. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin options highlight bullish sentiment towards $90,000 by September Bitcoin, approximately $3.6 billion of notional value is set to expire, with a total open interest of 60,316 BTC. The put-to-call ratio stands at 0.61, indicating a somewhat bullish sentiment. Specifically, there is 37,477 BTC in call open interest compared to 22,839 BTC in put open interest, with the max pain price positioned at $61,000. This price level, close to Bitcoin’s current trading value of around $60,000, suggests that many traders are positioning for stability or a slight upward movement in the short term. Source https://t.me/Bitcoin_NewsTg

💰 Bitwise Bitcoin ETF to acquire the assets from Osprey Bitcoin Trust Osprey Bitcoin Trust (OBTC) sponsor Osprey Funds has entered an agreement with the Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, in which BITB will acquire all of the OBTC fund's assets. The move comes after Osprey noted that it was considering a potential sale or merger with a bitcoin ETF amid other strategic maneuvers in March of this year. Osprey had until Sept. 1, 2024, to complete the sale or merger, or else it would have liquidated OBTC. Source https://t.me/Bitcoin_NewsTg

🥇 Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days. Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin likely to stay in tight trading range amid market uncertainty: QCP Capital Optimism for bitcoin has increased since Fed Chair Jerome Powell's Jackson Hole speech last Friday, but derivatives data indicates lingering market hesitation, according to analysts. "While the move higher in the bitcoin price has been decisive since Fed Chair Jerome Powell's speech, the [implied volatilities] are indicating hesitation in the market, as front-end vols have drifted lower," QCP Capital analysts said. They added that bitcoin is likely to continue trading within a tight range of $62,000 to $67,000 in the near term. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin sees $543 million in inflows after Powell’s dovish remarks According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research at CoinShares, explained that these inflows followed remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium last week. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% or more. Source https://t.me/Bitcoin_NewsTg

💰 Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often hidden, leaving most people unaware when their bank is insolvent. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million. Source https://t.me/Bitcoin_NewsTg

🇸🇻 Arkham Intelligence reports that the wallet that is attributed to the El Salvador government, now holds 5,851 Bitcoin, valued at roughly $356.4 million 🔥 @Cryptocurrency_Inside

💰 Bitcoin on-chain and derivatives data suggests market optimism: analyst The bitcoin price is currently holding above the $60,000 mark amid optimistic on-chain and derivatives market signals. CryptoQuant charts show that bitcoin exchange reserves on centralized exchanges in August have fallen to a multi-year low. Since the end of July, bitcoin supply on exchanges has fallen from over 2.75 million to around 2.67 million — a 3% drop in the past 30 days. Source https://t.me/Bitcoin_NewsTg

💰 Bybit emerges as dominant exchange with $2.5 billion BTC spot volume Bybit's recent surge to a $2.5 billion spot volume on Aug. 22 has stunned the crypto community, consistently outperforming even the behemoth Binance in daily volumes. This rapid ascent is not just a fluke; it signals a deeper trend reshaping the trading landscape. Source https://t.me/Bitcoin_NewsTg

🥇 Bitcoin addresses holding at least 10 BTC recover from Q1 decline Bitcoin addresses holding at least 10 BTC have declined in 2024. The number of such addresses began the year at approximately 155,500, with the number falling through the first quarter to hit a low of around 152,600 in late March. This decrease diverged with Bitcoin’s price movements during the same period, reflecting smart money taking profit. However, a reversal occurred in August, with addresses holding over 10 BTC rising back toward 153,500 as Bitcoin’s price stabilized near $60,000. Source https://t.me/Bitcoin_NewsTg

🏦 Coinbase exec confirms talks with Kamala Harris campaign on crypto policy direction Vice President Kamala Harris‘ team has been reaching out to key players in the crypto industry as part of an effort to mend the strained relationship with the rapidly growing sector, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. In an Aug. 21 post on social media platform X, Shirzad revealed that he has participated in several discussions with the Harris team, covering topics such as fostering innovation, job creation, and consumer protection in the US. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin’s Market Dominance Grows, Sustained by Long-Term Holder Support Stablecoins and altcoins are facing steep declines in their dominance, while Bitcoin strengthened its market position. According to Glassnode’s latest report, Bitcoin’s dominance has surged from 38% in November 2022 to a remarkable 56% of the entire digital asset market today. On the other hand, Ethereum, as the second-largest asset in the ecosystem, has experienced a 1.5% decrease in dominance, remaining largely unchanged over the last two years. Source https://t.me/Bitcoin_NewsTg

💰 El Salvador launches Bitcoin training for 80,000 public servants El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees. This program is part of the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in 2021 to elevate governance standards. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin ETFs see 14% growth in institutional interest during Q2 despite downturn Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. According to him, the number of institutional investors holding Bitcoin ETFs grew by 14% quarter-over-quarter, rising to 1,100 from 965. These investors now control 21.15% of the total assets under management (AUM) in Bitcoin ETFs, up from 18.74%. By the end of Q2, institutional holdings in Bitcoin ETFs totaled $11 billion. Source https://t.me/Bitcoin_NewsTg

💰 BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, which alone attracted an impressive $92.7 million, bringing its total net inflow to a staggering $20.48 billion. Fidelity also saw a modest inflow of $3.9 million. However, not all Bitcoin ETFs performed positively—Bitwise’s BITB and Galaxy Invesco’s BTCO were the only issuers to experience outflows, losing $25.7 million and $8.8 million, respectively. Source https://t.me/Bitcoin_NewsTg

💰 Bitwise AUM surpasses $4.5 billion, expands to Europe with ETC Group purchase Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products. Source https://t.me/Bitcoin_NewsTg

🪙 Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by the prosecution and Probation Office, respectively, “vastly exceed” the penalties imposed in similar cases. Source https://t.me/Bitcoin_NewsTg

Franklin Templeton is preparing a new ETF: Bitcoin and Ethereum under one flag! ✔️Asset manager Franklin Templeton has taken a step towards launching an innovative exchange-traded fund by filing an S-1 with the SEC. ✔️The new Franklin Crypto Index ETF will combine Bitcoin and Ethereum in one product, opening up new horizons for investors. 💡Well, it's time to keep your finger on the pulse - this fund promises to be interesting! 🤝 @Cryptocurrency_Inside ✅

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💰 Yahoo Finance says #Bitcoin ETF holders have 'diamond hands.' 💎✋ 🤝 @Cryptocurrency_Inside ✅

JUST IN: 💰 Financial Post says that institutional demand is continuing to grow for spot #Bitcoin ETFs 🚀 🤝 @Cryptocurrency_Inside ✅

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🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000. He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season. What’s your prediction for Solana’s price? 🌚 - $180 ❤️ - $250 ⚡️ - $350 🐳 - $500 🤝 @Cryptocurrency_Inside ✅

💰 Bitcoin power law model suggests $30K floor, $1M potential this cycle Giovanni Santostasi’s Bitcoin Power Law model suggests Bitcoin’s price will not fall below $30,000 again, indicating a floor for future valuations. The model shows Bitcoin’s price trajectory will continue to rise, with its current ‘fair price’ at $86,339 and potential ceiling at $332,543. As depicted in the charts from Bitbo, the model uses linear regression to establish support and resistance bands, which have historically contained Bitcoin’s price movements. Source https://t.me/Bitcoin_NewsTg

💰 Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31. Source https://t.me/Bitcoin_NewsTg

🇺🇸 Sen. Lummis draft bill allows US states to hold 💰 bitcoin Sen. Cynthia Lummis' bill lays out a pathway for the U.S. to hold bitcoin and gives states the option to do so as well, according to a draft copy obtained by The Block. The bill is called the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024” or shorthand, the "BITCOIN Act of 2024," according to a draft version. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin dips to $66K as US moves $2 billion in seized BTC to unidentified wallets Bitcoin experienced a sharp decline to roughly $66,300 on July 29 after the US government transferred $2 billion worth of seized bitcoin (BTC) tied to the Silk Road marketplace. Arkham Intelligence revealed that a US government-owned wallet transferred 29,800 BTC to an unidentified address with no prior transaction history on July 29. Source https://t.me/Bitcoin_NewsTg

💰 Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050 Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are noted, but Layer-2 solutions may enhance adoption. Source https://t.me/Bitcoin_NewsTg

🇺🇸 Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billion: Bitcoin 2024 Senator Cynthia Lummis, of Wyoming, will introduce a bill to direct the U.S. Treasury to purchase 1 million bitcoins — worth about $68 billion at current prices — over a period of five years next week, she said in an interview with The Block. The move is made to counter the effects of dollar debasement, she said. “Bitcoin is a great store of value. Over the last four years or so it has increased about 55% per year. During the same period, the U.S. dollar has declined in value and we’ve seen increasing inflation,” Sen Lummis said. Source https://t.me/Bitcoin_NewsTg

🇺🇸 Donald Trump says, “Tomorrow I’m going to be with the #Bitcoin people” for his plans to attend the conference today 🤝 @Cryptocurrency_Inside ✅

💰 X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community Social media platform X, formerly Twitter, has seemingly discontinued its support for the Bitcoin emoji (also known as a hashmoji or hashflag). As of press time, when typing #bitcoin into X, no Bitcoin logo is generated. Initially introduced in 2020, the emoji appeared alongside the hashtag #Bitcoin, adding an orange Bitcoin symbol to tweets. This feature became a hallmark of Bitcoin discussions on the platform, and its recent removal has sparked a backlash from the crypto community. Source https://t.me/Bitcoin_NewsTg

💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block. Source https://t.me/Bitcoin_NewsTg

💰 Lummis to propose Fed adopt Bitcoin as reserve asset at Nashville conference Wyoming Senator Cynthia Lummis known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies, Fox News reported on July 24. The Republican senator, known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies. Sources told Fox that Lummis hopes former President Donald Trump will endorse the bill, lending significant weight to her proposal. Source https://t.me/Bitcoin_NewsTg

💰 BlackRock Bitcoin ETF surpasses Invesco QQQ Nasdaq fund in 2024 inflows The recent performance of the iShares Bitcoin Trust (IBIT) has surpassed the Invesco QQQ Trust Series 1 (QQQ) in year-to-date net flows despite a significant difference in total assets. Spencer Hakimian, Founder of Tolou Capital Management, shared data showing how IBIT has attracted $18,968.31 million in YTD flows, compared to QQQ’s $18,899.72 million. This is despite IBIT’s total assets of $21,969.13 million being dwarfed by QQQ’s $287,224.16 million. Source https://t.me/Bitcoin_NewsTg

🇺🇸 ETHEREUM ETFs TO START TRADING TODAY 🤝 @Cryptocurrency_Inside ✅

💰 Bitcoin miner HIVE Digital to build 100 MW crypto mining facility in Paraguay The bitcoin mining firm HIVE Digital Technologies announced plans to build a new 100-megawatt (MW) crypto mining facility in Paraguay. "This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s," the firm's executive chairman Frank Holmes said in a release. "This represents a significant milestone in our diversified growth strategy and supports our commitment to expanding our global footprint with data center operations in Canada, Sweden, Iceland and now Paraguay." Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day for the fund for a week. Source https://t.me/Bitcoin_NewsTg

💰 Veteran Trader Peter Brandt Identifies Bitcoin's Down Channel Pattern Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance on the cryptocurrency. Source https://t.me/Bitcoin_NewsTg

💰 Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.” Source https://t.me/Bitcoin_NewsTg

💰 US spot bitcoin ETFs post ninth consecutive day of net inflows The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million. The largest spot bitcoin ETF in terms of net asset value saw $1.21 billion worth of trade volume on Wednesday. The only other fund that posted net inflows was Fidelity’s FBTC, which reported $2.83 million. Source https://t.me/Bitcoin_NewsTg

💰 Short-term holders recover gains as 87% of Bitcoin’s supply now in profit Bitcoin's meteoric rise to $64,000 has turned the market green, reversing weeks of bearish performance. This uptick, triggered by shocking news, has significantly boosted short-term holder (STH) profitability metrics. For instance, the percentage of Bitcoin's supply in profit soared dramatically and STH-related ratios like NUPL have finally turned positive. Source https://t.me/Bitcoin_NewsTg

💰 Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days Crypto exchange Kraken has received a pair of bitcoin and bitcoin cash transfers from the Mt. Gox Rehabilitation Trustee. Kraken appeared to write in an email to clients, according to a screenshot posted in the Mt. Gox creditors Telegram group. “While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.”. Source https://t.me/Bitcoin_NewsTg

💰 Peter Brandt Anticipates Bullish Move for Bitcoin, Says 'Bears Are Trapped' Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025. Source https://t.me/Bitcoin_NewsTg

💰 Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million An old BTC wallet established on Sept. 25, 2012, moved 1,000 BTC at block height 852,190, as discovered by btcparser.com. This activation coincided with BTC reaching the $60,000 range for the first time in nearly two weeks. The 1,000 BTC, worth slightly over $60 million, remained untouched for 11 years and nine months. On the day the BTC was acquired, it traded at $12.10 per coin. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for cumulative total net inflows: $15.81 billion, according to SoSoValue data. The funds have added over $1 billion in assets under management since the beginning of the six-day streak. Friday, the latest trading day, was also the most successful day for net inflows since June 5, with spot bitcoin ETFs logging $310 million in net inflows. Source https://t.me/Bitcoin_NewsTg

💰 Robert Kiyosaki Renews Bitcoin Buy Recommendation, Citing Wall Street Loading Up on BTC Rich Dad Poor Dad author Robert Kiyosaki has renewed his bitcoin buy recommendation, noting that Wall Street is loading up on the cryptocurrency. He urged investors to seize opportunities amidst challenging circumstances. The famous author recently predicted that bitcoin could soar to an astounding $10 million following an economic crash. Source https://t.me/Bitcoin_NewsTg

💰 Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company. Source https://t.me/Bitcoin_NewsTg

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🇩🇪 German Government Is Now out of 💰 Bitcoin, Arkham Data Shows The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step Bitcoin miner Bitfarms has set Oct. 29, 2024, as the date for a special meeting of its shareholders to vote on reconstituting its board of directors following Riot Platforms’ requisition for the meeting on June 24. Bitfarms shareholders as of the record date of Sept. 26, 2024, are entitled to vote at the meeting, the firm said in a statement on Friday, but are not required to take any action at this time. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin miner Iris Energy's stock plummets after short seller calls company a 'Prius at the Grand Prix' Iris Energy’s stock plunged nearly 20% in midday trading Thursday after activist short seller Culper Research published a short report on the bitcoin miner’s stock. The short-seller analogized the company as looking “to win the Monaco Grand Prix, but just arrived to the track in a Toyota Prius.”. “​​IREN talks a big game of its HPC plans, but ultimately seems entirely disinterested in actually doing what it takes to compete in the space,” Culper analysts wrote in the report. Source https://t.me/Bitcoin_NewsTg

💰 Malaysian crypto miners stole $722 million worth of power: energy official Cryptocurrency miners in Malaysia stole at least RM3.4 billion ($722 million) worth of power between 2018 and 2023, the country’s energy official said. Akmal Nasrullah Mohd Nasir, deputy energy transition and water transformation minister, said on Wednesday that the illegal crypto mining activities have become more widespread, local news website Malay Mail reported. Source https://t.me/Bitcoin_NewsTg

💰 Donald Trump to speak at Bitcoin 2024 conference in Nashville later this month: organizer Former U.S. President Donald Trump was announced as one of the speakers at the Bitcoin 2024 conference in Nashville, Tennessee. The event, which is one of the world's largest bitcoin conferences, takes place from July 25 to 27. Over the past few months, the presumptive Republican Party presidential nominee has expressed strong support for the cryptocurrency and blockchain industry. Source https://t.me/Bitcoin_NewsTg

💰 US national debt equates to 614 million Bitcoin at current prices According to an infographic from Jeff Park, head of alpha strategies at Bitwise, Bitcoin ETFs have accumulated a staggering 247,018 Bitcoin since their launch. This is roughly double the 124,212 Bitcoin produced by miners since Jan. 11, the ETF launch date. This significant purchasing activity highlights the growing demand for Bitcoin amid a supply constraint exacerbated by the April halving, which cut the daily Bitcoin issuance from approximately 900 to 450 BTC. Source https://t.me/Bitcoin_NewsTg

💰 US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the trading session. These inflows follow the $143 million accumulated on Friday, July 5. Blackrock’s Bitcoin Trust (IBIT) led the pack, attracting $187.21 million in inflows. This boost brings IBIT’s reserves to 310,470.32 BTC, valued at $17.83 billion, according to sosovalue.xyz stats. Source https://t.me/Bitcoin_NewsTg

💰 German Government Liquidates $741M in Bitcoin Holdings Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in U.S. dollars. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin’s price drop created $441 million buying frenzy for crypto investment products Bitcoin’s recent price struggles presented investors with “buying opportunities,” resulting in the inflow of $441 million into crypto-related investment products, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, explained that digital assets experienced heavy volatility last week due to selling pressures from the German government and news of defunct Mt. Gox’s repayments. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin Network Sees Second Largest Difficulty Reduction of 2024 Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This reduction, the second-largest this year, follows a 5.62% drop that occurred on May 9 at block height 842,688. Both significant decreases came after the fourth halving event at block height 840,000. Despite hashprice levels hitting unprecedented lows, the hashrate remains at 582.33 exahash per second (EH/s). Source https://t.me/Bitcoin_NewsTg

💰 Robert Kiyosaki Predicts $10 Million Bitcoin and $15,000 Gold After Major Market Crash Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. Source https://t.me/Bitcoin_NewsTg

💰 Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin suffers fifth largest realized loss since FTX collapse amid Mt. Gox panic Bitcoin’s recent price dip to around $54,000 has triggered one of the largest realized losses since the FTX collapse, specifically the fifth biggest realized loss since. This significant sell-off is primarily attributed to panic selling spurred by news related to Mt. Gox. On July 5, within a one-hour resolution, Bitcoin’s aggregated realized loss soared to $814 million. $587 million of these losses were incurred by short-term holders who had held Bitcoin for one to three months. Source https://t.me/Bitcoin_NewsTg

💰 German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining bitcoin off-market from the German government to minimize any price impact on the cryptocurrency. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin tumbles as whale sells 3,500 BTC, $310 million liquidated in 24 hours According to CryptoSlate’s data, Bitcoin’s price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900. Market observers warned that if the heavy selling action continues, this decline could be a precursor to a decline in the flagship digital asset’s price to the low $50,000s. Earlier today, blockchain analyst Lookonchain identified a whale that sold 3,500 BTC for $206 million in five hours through the Binance exchange. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant Bitcoin (BTC) miners are showing signs of capitulation, an event that is typically tied to a market bottom after the world's largest cryptocurrency endured a 13% plight over the past 30 days. Bitcoin is currently trading at $60,300 after sliding by 3% on Wednesday. This level has acted as a critical support since April, with bitcoin bouncing three times from this region before heading back towards the $70,000 mark. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin correlation to S&P 500 goes negative indicating potential bottom Bitcoin (BTC) has often mirrored the S&P 500 (SPX), with periods of positive correlation in the past five years, notably during the COVID-19 pandemic in 2020 and 2021, where both assets traded nearly 1:1. This trend continued towards the end of 2021 and throughout 2022, as both BTC and the SPX declined in tandem. In the first quarter of 2024, both Bitcoin BTC and SPX experienced significant gains. Source https://t.me/Bitcoin_NewsTg

💰 CleanSpark mines 445 BTC in June, exceeds 20 EH/s target with Georgia expansion CleanSpark mined 445 Bitcoin (BTC) in June and grew its hash rate above 20 EH/s on the back of its recent expansion in Georgia. The mining firm’s June performance results, published On July 2, also described an average daily output of 14.83 BTC and a one-day high of 22.41 BTC. CleanSpark recorded an average daily hash rate of 17.85 EH/s during June, and its current hash rate is 20.4 EH/s — surpassing its mid-year target of 20 EH/s. Source https://t.me/Bitcoin_NewsTg

💰 Standard Chartered forecasts bitcoin could hit all-time high in August Bitcoin's price could hit a new all-time high in August, followed by an increase to $100,000 by the time of the U.S. presidential election in November, according to Standard Chartered. On Tuesday, Standard Chartered Bank's head of forex and digital assets research Geoffrey Kendrick, said, "a fresh all-time for bitcoin in August is likely, then $100,000 by U.S. election day." Source https://t.me/Bitcoin_NewsTg