Bitcoin Financial News

A market sell-off over the past day has seen Bitcoin’s price tumble by over 10%, with the cryptocurrency dropping from roughly $45,500 to as low as about $40,800.

Cryptocurrency investment products witnessed substantial inflows, totaling $243 million in the final week of 2023, contributing to a cumulative yearly inflow of $2.2 billion.

South Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets.

In the volatile world of cryptocurrencies, Bitcoin recently experienced a sharp decline, losing over 7% in just 24 hours, and dragging other major cryptocurrencies down with it. Ethereum, Solana, XRP, Cardano, and Avalanche all suffered significant losses following Bitcoin’s drop to below $42,000.

Goldman Sachs is expected to be the latest financial institution to take on the role of authorized participant (AP)  in two key Bitcoin ETFs, according to a new report.

A senior ETF analyst has cast doubt on the accuracy of a new report published by crypto investment services provider Matrixport alleging the SEC may very well reject all spot Bitcoin ETF applications come January.

The revenue that Bitcoin (BTC) miners earn from transaction fees has risen. Due to more Ordinals being signed, the projects’ network fees went up to over $37. The platform’s hash price has also increased, which is suitable for miners because it means they will earn much more from mining. With solid features and results, InQubeta (QUBE) and Algorand (ALGO) are set for a positive trajectory.

Bitcoin (BTC) will need to hold the psychological price of $40,000 to avoid a bearish momentum, given that the leading cryptocurrency recently retested this level.

Cryptocurrency financial services company, Matrixport has projected a possible rejection of spot Bitcoin (BTC) ETF applications in January with final approval in the second quarter of the year.

high of $45,000 for the first time since April 2022, bitcoin witnessed a sharp fall to trade at $42,685 on Wednesday, registering a 6 percent fall in 24 hours, CoinMarketCap data revealed. Following a high of $45,500 on Wednesday, bitcoin slipped to as low as $40,550, registering 10.9 percent fall before bouncing back to $42,200, revealed CoinDesk data. The unanticipated slide is seen as an outcome of jitters around the expected approval of a spot bitcoin ETF.

More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval.

With the Securities and Exchange Commission (SEC) nearing the potential approval of the first Bitcoin (BTC) exchange-traded funds (ETFs), issuers are vying for an early advantage to capture investor interest.

Investing.com — XRP was trading at $0.51772 by 07:10 (12:10 GMT) on the Investing.com Index on Wednesday, down 18.06% on the day. It was the largest one-day percentage loss since November 9, 2022.

A single Bitcoin transaction could use the same amount of water needed to fill a garden swimming pool, according to a new study on the world’s most popular cryptocurrency.

Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organisations by the EU, Israel, the US and other countries, according to a Reuters analysis.

In a Form 144 filing, Microstrategy, Inc. (NASDAQ:MSTR) CEO, Michael Saylor, disclosed the sale of 315,000 common shares worth approximately $216 million via his broker Merrill Lynch. The expected date of the sale was 01/02/2024.

7RCC, an ESG-conscious company, has recently applied for a spot Bitcoin Exchange-Traded Fund (ETF), marking a significant stride in the fusion of cryptocurrency investment with environmental sustainability. This innovative financial instrument aims to cater to investors who are increasingly focused on environmental, social, and governance (ESG) criteria in their investment decisions.

Well-known macro expert and crypto veteran Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) during the next bull market would be a rather underwhelming outcome for the ongoing bullish cycle.

MicroStrategy co-founder Michael Saylor has planned to sell company shares worth $216 million for personal Bitcoin investment.

In the dynamic world of cryptocurrencies, Bitcoin currently trades at $45,224, marking a slight decrease of less than 0.50% on Wednesday. In a significant move, Michael Saylor has initiated the sale of $216 million in MicroStrategy stocks, opting to invest further in Bitcoin.

Quiver Quantitative — Intro: In our ongoing series of exploring the insights derived from 13F filings, we've often focused on the individual investment moves of renowned money managers. This time, however, we've shifted our lens to a broader perspective. Our aim is to uncover the aggregated investment patterns in specific companies, offering a bird's-eye view of institutional and hedge fund trends. In this edition, we delve into three distinct yet equally intriguing large-cap companies: Applovin Corp, ONEOK Inc (NYSE:OKE), and Super Micro Computer (NASDAQ:SMCI) Inc. We’ve defined large cap companies as those with a market capitalization larger than $10 billion. By analyzing the institutional/hedge fund holders and market performance of these firms, we hope to provide a clearer picture of their standing in the current financial landscape.