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blockchain crypto cryptocurrency coinshares etf absorb 2800 btc daily (SpotedCrypto)

Spot ETFs Absorb 2800 BTC Daily...Demand Shocks Market

According to The Block, James Butterfill, head of research at crypto investment fund Coin Shares, diagnosed a "demand shock for Bitcoin as demand for BTC spot ETFs has exploded." "Bitcoin is being mined at a rate of 900 per day, but the US BTC spot ETF is

blockchain crypto cryptocurrency us moved btc (SpotedCrypto)

US Government Held Crypto Assets Moved!

About $1 billion worth of bitcoin was transferred to anonymous addresses from two crypto wallets holding funds seized by the U.S. government in connection with the Bitfinex hack. The transfers took place over four transactions two hours ago, and the purpose of the transactions was not disclosed. The U.

blockchain crypto cryptocurrency btc hits 64K (SpotedCrypto)

Bitcoin hits $64K, is the trend a roller coaster?

First, trading volume in the spot Bitcoin ETFs that are driving this bull run more than doubled the previous record to more than $7.5 billion, with BlackRock leading the way with $3,291,107,443, Grayscale with $1,836,035,297, and Ark Investments with $425,812,381. Commenting

blockchain crypto cryptocurrency btc microstrategy (SpotedCrypto)

Bitcoin Market Capitalization Projected at $1.5 Trillion, Microstrategy BTC Holdings Over $11 Billion

"The market capitalization of bitcoin could eventually reach a quarter of the market value of numismatic gold," Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, told X. "The market capitalization of bitcoin could eventually reach a quarter of the market value

blockchain crypto cryptocurrency bloomberg eric btc etf rising (SpotedCrypto)

Bitcoin spot ETF firms are increasing their holdings and trading volumes are rising accordingly.

As Bloomberg analyst Eric Balchunas notes, "Daily trading volume in BlackRock's IBIT bitcoin spot ETF rose to $1.3 billion on Sunday (local time) after rising yesterday. That's more than most large-cap U.S. stocks," he said. "I'm not sure if

The majority of wallets holding bitcoin are profitable. The cryptocurrency bull run continues at the level of the last bull market.

95% of bitcoin addresses are profitable. This is similar to the level at the peak of the 2021 bull market, when the price of BTC topped $60,000. Meanwhile, JPMorgan said in a report that the crypto bull run is not only continuing, but improving. "Rising bitcoin prices are

blockchain crypto cryptocurrency btc paid high fashion MD (SpotedCrypto)

Blockchain comes to life, authenticating luxury goods with blockchain and paying with BTC

"We will soon see a deeper relationship between the luxury industry and cryptocurrencies," said Romain Carrere, CEO of The Aura Blockchain Consortium, a blockchain consortium that includes global fashion companies such as LVMH, Prada and Cartier. "The number of luxury brand Web3 customers is growing rapidly. As