Cryptocurrency news - Bitcoin
Bitcoin miners could dump $5B in BTC after halving: 10x Research
Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst. There could be a large outflow of Bitcoin BTC $64,883 from miners in the months following the halving as in previous cycles, according t...
Paraguay to reconsider Bitcoin mining ban, mulls selling energy to miners
Paraguay’s lawmakers have proposed an alternative to a controversial Bitcoin mining blanket ban and are set to debate the topic later this month. Paraguayan senators have halted progress on the proposed cryptocurrency mining ban introduced last week, with officials now consideri...
Bitcoin 5% flash crash leads to $165M in leveraged crypto liquidations
Leverage traders are nursing losses of over $165 million as the price of Bitcoin tumbled 5%. A sudden 5% drawdown in the price of Bitcoin BTC $66,894 on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses in...
Goldman Sachs hedge fund clients are piling back into crypto this year
Institutional clients of Goldman Sachs’ Asia Pacific arm are showing renewed interest in Bitcoin, Ether, and other crypto assets. Goldman Sachs’ clients have reportedly started to make the jump back into crypto this year, with appetite renewed by the approval of spot Bitcoin BTC...
Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled
United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days. United States spot Bitcoin BTC $66,449 exchange-traded funds (ETFs) have now marked their third straight day of total net outflows, with $261.5 million leaving the ten approved...
Bitdeer is among the most ‘cost-effective’ Bitcoin miners: Benchmark
Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13. Bitcoin BTC $68,681 miner Bitdeer has one of the lowest “all-in mining costs” of publicly traded mining firms, a factor which could...
Bitcoin flash crash wipes $1B in ‘speculative excess’ from markets
Billions of dollars in leverage was wiped from the crypto market as Bitcoin plunged 14% in a few hours after briefly notching a new all-time high. Crypto traders using options and futures to gain exposure to Bitcoin BTC $66,220 are out of pocket a staggering $1 billion after th...
‘The Nine’ spot Bitcoin ETFs see $2B volume for 2nd straight day
BlackRock's ETF also notched a new record $1.3 billion in daily volume in what an analyst described as “another intense volume day” for the funds. Nine of the recently launched spot Bitcoin exchange-traded funds (ETFs) have recorded a second straight trading day of combined volu...
20% of Bitcoin hash rate could go offline after halving: Galaxy Digital
Most older mining rigs will struggle to break even after Bitcoin block rewards halve in April, prompting miners to take them offline, says Galaxy Research. As much as 20% of Bitcoin’s BTC $52,109 current hash rate could go offline after the Bitcoin halving — which will see bloc...
Bitcoin ETFs are sucking up 10X more BTC than miners can produce
Spot Bitcoin ETF inflows have outpaced the amount of production from miners by over ten times over the past two trading days. Spot Bitcoin exchange-traded funds (ETFs) scooped up ten times more Bitcoin BTC $50,117 than what miners were able to produce on Monday. According to...