Browsing: Market
US Bitcoin exchange-traded funds drew just $31 million in inflows on Sept. 28 as institutional demand weakened while BTC stalled below a major supply barrier. According to SoSoValue data, BlackRock’s iShares Bitcoin Trust (IBIT) led the session with $54.84 million in inflows, adding about 657 Bitcoin and lifting its holdings back above 800,000 BTC for…
Michael Saylor-led Strategy (formerly MicroStrategy) has made back-to-back weekly Bitcoin purchases for the first time since June, rebuilding its holdings after selling some of the cryptocurrency earlier this quarter. On Sept. 28, the company said it acquired 1,665 Bitcoin for $142.7 million during the week ended Sept. 27, paying an average of $85,681 per token. That followed…
The principal output dated to April 2022, and the Sept. 25 destination still held the full balance at the time checked. The post Dormant whale moves $380M Bitcoin, leaving the sale question unanswered appeared first on CryptoSlate.
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10-year Treasury yield climbed to 5.22%, extending a move that has taken borrowing costs to their highest level since 2007. The 30-year yield reached a fresh 22-year high of 5.5185% before trading around 5.511%, up…
A bullish Market Signal tracks the rally, while the $1.63 median and pending forecast history leave adoption and rates as the next tests. The post Why a $2.38 XRP price target is actually hiding a $1.18 crash risk appeared first on CryptoSlate.
US crypto ETFs draw over $3 billion this week, with nearly $800 million flowing beyond Bitcoin
By Thi Nien
US crypto exchange-traded funds have pulled in more than $3 billion this week as fresh demand spread beyond Bitcoin into Ethereum and altcoin products. Spot ETFs tracking Bitcoin, Ethereum, Solana, XRP and Zcash recorded about $3.04 billion of combined net inflows from Monday through Thursday, according to SoSoValue data. Bitcoin remained the dominant destination with…
New York sues Polymarket, seeks triple gains and $100,000 penalties over prediction markets
By Thi Nien
New York has sued Polymarket, alleging its US prediction market is an unlicensed gambling business operating across the state. On Sept. 24, Attorney General Letitia James asked a New York state court to stop QCX LLC, which operates as Polymarket US, from offering event contracts without a state gaming license and to order restitution, disgorgement,…
Crypto’s bear market wiped out over $2 trillion, yet on-chain activity held above $9 trillion
By Thi Nien
Rounded transfer gains total $268 billion, while category boundaries and a conflicting P2P sentence limit the payment inference. The post Crypto’s bear market wiped out over $2 trillion, yet on-chain activity held above $9 trillion appeared first on CryptoSlate.
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs. The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week. Selling intensified after S&P Global released its September flash purchasing managers’…
The Sept. 22 discussion outlined no investment size or timetable, while current money markets remain well supplied. The post Treasury’s cash balance nears $1 trillion while Bitcoin awaits a crucial market signal appeared first on CryptoSlate.