Bitcoin

Crypto investment products near all-time high with $1.84 billion weekly net inflow

Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges. James […]
The post Crypto investment products near all-time high with $1.84 billion weekly net inflow appeared first on CryptoSlate.
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Cryptocurrency
4 Mar 2024

Record-breaking Bitcoin price surge on horizon as OTC desks dry up, predicts 10X Research

Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop […]
The post Record-breaking Bitcoin price surge on horizon as OTC desks dry up, predicts 10X Research appeared first on CryptoSlate.
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Cryptocurrency
4 Mar 2024

Saturn secures $800k for Bitcoin-based decentralized exchange development

Saturn, a peer-to-peer order book built on the Bitcoin network, secured $800,000 for its seed funding round led by Sora Ventures, according to a Feb. 26 statement shared with CryptoSlate. With this capital, Saturn intends to expedite its vision for Bitcoin-based fungibility. The funds will fuel further advancements in its technical infrastructure, team expansion, and […]
The post Saturn secures $800k for Bitcoin-based decentralized exchange development appeared first on CryptoSlate.
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Cryptocurrency
26 Feb 2024

MSTR rallies 10% as MicroStrategy buys $155 million Bitcoin in 10 days

MicroStrategy bolstered its Bitcoin reserves by purchasing 3,000 BTC for approximately $155 million within ten days. This purchase takes the business intelligence and Bitcoin development firm’s total holding to 193,000 BTC, acquired for around $6.09 billion at an average price of $31,544 per BTC. According to Nasdaq data, the news has positively impacted the early […]
The post MSTR rallies 10% as MicroStrategy buys $155 million Bitcoin in 10 days appeared first on CryptoSlate.
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Cryptocurrency
26 Feb 2024

Solana suffers $3 million ETP outflows post-outage as Bitcoin responsible for 95% of inflows

Solana’s recent outage appears to be weighing heavily on investors’ minds, with crypto investment products related to the blockchain network seeing outflows of $3 million during the past week. CoinShares’ latest weekly report showed the network as the only major digital asset that recorded negative flows for the duration, blaming it on how “recent outages […]
The post Solana suffers $3 million ETP outflows post-outage as Bitcoin responsible for 95% of inflows appeared first on CryptoSlate.
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Cryptocurrency
26 Feb 2024