In A Nutshell The Bitcoin Exchange-Traded Funds (ETFs) market has recently witnessed a significant milestone, breaking the all-time volume record with combined daily trading volumes reaching $2.4 billion. Leading the pack is BlackRock’s iShares Bitcoin Trust (IBIT), which alone accounted for over half of this volume, highlighting a growing interest and confidence in Bitcoin and…
In A Nutshell The Ethereum network has recently witnessed a notable rally, pushing its price beyond the $3,200 mark for the first time since April 2022. This surge has resulted in a 10.28% increase over the last week, nudging the total cryptocurrency market capitalization near the $2.20 trillion threshold. Amid these developments, a dormant Ethereum…
In A Nutshell The realm of digital asset funds is continuing its upward trajectory, marking four consecutive weeks of net inflows. This surge in interest has been significantly bolstered by the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), which have attracted a lion’s share of the investments. Remarkably, the year-to-date inflows have surpassed the $5.7…
In A Nutshell The cryptocurrency market recently witnessed a notable surge in the price of Bitcoin (BTC), which climbed by nearly 9% in a 24-hour timeframe, surpassing the $56K mark. This movement has sparked discussions and speculation about the potential for Bitcoin to reach the $60K threshold. Various factors, including a significant increase in trading…
In A Nutshell Bitcoin has recently witnessed a significant breakout, surpassing the $55k mark, a movement underpinned by a combination of bullish market sentiment and strategic acquisitions by major players like MicroStrategy. However, despite the positive momentum, market analysis suggests a potential retrace to the $53.5k level in the near term due to an overheated…
In A Nutshell Bitcoin’s funding rates on Binance have surged to an unprecedented 100% as its price approaches $57,000, signaling a bullish sentiment in the market. This increase in funding rates presents a lucrative arbitrage opportunity, particularly for crypto hedge funds, amidst rising confidence in the cryptocurrency’s future performance. Understanding the Surge in Bitcoin Funding…
In A Nutshell The Total Value Locked (TVL) of Starknet (STRK) has experienced an impressive surge of 194% in just seven days, reaching a valuation of $1.32 billion shortly after its mainnet launch on February 14. Despite facing early controversies and a decrease in STRK token price, the platform’s rapid TVL growth positions it as…
In A Nutshell Chainlink (LINK), a notable player in the cryptocurrency market, experienced a significant drop in value, slipping below the $20 mark and falling out of the top 10 by market capitalization. Despite this downturn, several indicators suggest a potential rebound for LINK, sparking intrigue about its capacity to recover the $20 level and…
In A Nutshell The landscape of Bitcoin investment is undergoing a significant transformation, marked by unprecedented levels of institutional interest. Recent data reveals a surge in the total amount of Bitcoins locked in investment vehicles such as trusts, ETFs, and funds, surpassing the bull market peak of 2021. This shift is primarily driven by the…
In A Nutshell Craig Wright’s ongoing legal battle over whether he invented Bitcoin has taken a turn with his former legal team from Ontier disputing the authenticity of emails brought forward by Wright’s wife, Ramona Watts. These emails, which were supposed to support Wright’s claims, have been labeled as doctored by Ontier. The controversy arose…