Crypto Currency

BlackRock Bitcoin Fund Suffers Record $333 Million as Price Declines

Bitcoin’s incredible rally in 2024 paused as institutional investors reduced their positions. BlackRock’s iShares Bitcoin Trust ETF (IBIT), a spot Bitcoin fund, reported its biggest single-day outflow since its launch, with $333 million withdrawn yesterday (Thursday), according to Bloomberg data. Third Consecutive Day of OutflowsThe withdrawal marked the third straight day of outflows for the

Published 1 year ago in
BlackRock Bitcoin Fund Suffers Record $333 Million as Price Declines

Bitcoin’s incredible rally in 2024 paused as
institutional investors reduced their positions. BlackRock’s iShares Bitcoin
Trust ETF (IBIT), a spot Bitcoin fund, reported its biggest single-day outflow
since its launch, with $333 million withdrawn yesterday (Thursday), according
to Bloomberg data. Third Consecutive Day of OutflowsThe withdrawal marked the third straight day of
outflows for the fund…
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Crypto Currency

Coinbase diamond hands vs Binance panic sellers — the $60,000 stress test

Bitcoin’s recent price crash towards $60,000 did more than just shave billions off market capitalizations or liquidate leveraged positions. It served as a massive, chaotic stress test that exposed a widening behavioral fracture between the two most dominant venues in the digital asset economy. On one side stands Coinbase…

Published 15 hours ago in
Coinbase diamond hands vs Binance panic sellers — the $60,000 stress test

Bitcoin’s recent price crash towards $60,000 did more than just shave billions off market capitalizations or liquidate leveraged positions. It served as a massive, chaotic stress test that exposed a widening behavioral fracture between the two most dominant venues in the digital asset economy. On one side stands Coinbase…
Read More

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Crypto Currency

Bitcoin’s 50% Drop Tests Markets as Retail Investors Continue Dip Buying

Retail investors on Coinbase continued buying dips through market volatility, even as warnings of a severe crypto winter emerged…

Published 15 hours ago in
Bitcoin’s 50% Drop Tests Markets as Retail Investors Continue Dip Buying

Retail investors on Coinbase continued buying dips through market volatility, even as warnings of a severe crypto winter emerged…
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Crypto Currency

Binance Founder CZ Urges Faster Evolution of Privacy Features in Crypto

TLDR Changpeng Zhao, founder of Binance, emphasizes that privacy is the most significant unresolved issue in the cryptocurrency industry. Zhao argues that Bitcoin and most cryptocurrencies lack adequate privacy features, leaving users vulnerable to tracking. CZ highlights that blockchain transactions are traceable, especially with KYC practices on centralized exchanges…

Published 15 hours ago in
Binance Founder CZ Urges Faster Evolution of Privacy Features in Crypto

TLDR Changpeng Zhao, founder of Binance, emphasizes that privacy is the most significant unresolved issue in the cryptocurrency industry. Zhao argues that Bitcoin and most cryptocurrencies lack adequate privacy features, leaving users vulnerable to tracking. CZ highlights that blockchain transactions are traceable, especially with KYC practices on centralized exchanges…
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Crypto Currency

Mike McGlone Forecasts Bitcoin Price Could Fall to $10,000 Amid Economic Concerns

TLDR Mike McGlone warns that Bitcoin could drop to $10,000 due to rising recession risks in the U.S. The long-standing “buy the dip” mentality may no longer support risk assets, including cryptocurrencies. McGlone highlights Bitcoin’s volatility and predicts a potential reversion to $56,000 before a possible $10,000 decline…

Published 15 hours ago in
Mike McGlone Forecasts Bitcoin Price Could Fall to $10,000 Amid Economic Concerns

TLDR Mike McGlone warns that Bitcoin could drop to $10,000 due to rising recession risks in the U.S. The long-standing “buy the dip” mentality may no longer support risk assets, including cryptocurrencies. McGlone highlights Bitcoin’s volatility and predicts a potential reversion to $56,000 before a possible $10,000 decline…
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