In an alarming trend, the United States spot Bitcoin exchange-traded funds (ETFs) have experienced a significant downturn, culminating in an unprecedented single-day outflow of approximately $938 million. This drop occurred as Bitcoin’s price plunged below $87,000, marking its lowest point since mid-November. The data presented by Farside Investors reveals that nearly all U.S. spot Bitcoin
Crypto
On February 25, 2023, Aya Miyaguchi delivered significant news regarding her career path, as she announced her promotion from Executive Director to President of the Ethereum Foundation (EF). This change was not impulsive; rather, it was a decision contemplated over an entire year. Miyaguchi emphasized the complexities surrounding Ethereum, pointing out that it is during
Bitcoin’s latest price drop marks a significant turning point in the cryptocurrency market, as the flagship asset experienced a staggering decline of over 10% in just 24 hours. This sharp downturn translated into a nearly $10,000 loss in USD, sending tremors throughout the crypto world and triggering a massive wave of liquidations among traders. Reports
Bitcoin (BTC), the premier cryptocurrency, has recently experienced a significant downturn, plunging nearly 13% over a span of just a few days. The asset, once valued at approximately $99,400, has dropped to around $86,300, reflecting heightened volatility and uncertainty in the market. This article delves into the multifaceted factors contributing to this rapid decline, exploring
In recent months, the cryptocurrency landscape has been significantly affected by the evolving interests of various asset management firms, particularly regarding the development of exchange-traded funds (ETFs). Grayscale Investments, recognized as the world’s leading digital asset manager, has taken substantial steps towards launching a spot Cardano (ADA) ETF, with their official application being submitted to
In the ever-fluctuating world of cryptocurrencies, Bitcoin has recently encountered significant turbulence, with its price plummeting to just over $90,000, a figure not seen since mid-January. This sharp decline marks a staggering loss of more than $9,000 since reaching a pinnacle of approximately $99,500 late last week. Such volatility often reflects broader market sentiments and
Berachain, an innovative EVM-identical Layer 1 blockchain, has made headlines this week by achieving a phenomenal milestone shortly after its Mainnet launch. In just 20 days, the platform reportedly amassed an astounding Total Value Locked (TVL) of $3.27 billion, quietly overtaking more established competitors like SUI, Avalanche, and Arbitrum. These figures not only place Berachain
In a stark reminder of the vulnerabilities within the cryptocurrency ecosystem, Stablecoin Bank Infini has recently experienced a significant security breach, resulting in the theft of approximately $49 million in USDC. This event underscores a broader crisis in the crypto space, where security flaws can lead to catastrophic losses. The infraction was traced back to
Bitcoin, the trailblazer of cryptocurrencies, recently faced a notable dip below its 100-day moving average, settling around $98K and hovering dangerously close to the important $95K support level. This price movement has raised alarms among investors, as it illustrates a shift in market dynamics characterized by an increase in selling pressures that lack robust bearish
The cryptocurrency market has recently faced headwinds, with Bitcoin’s price wobbling significantly below the previously stable threshold of $96,000. After showcasing signs of resilience throughout the previous weekend, the leading cryptocurrency saw a steep decline to a multi-week low, hovering under $93,500 as the new business week commenced. Despite a valiant attempt to recover—all thanks
