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Updated: Sep 13, 2024
Blockchain enthusiast and news junkie. Follow for daily updates on the future of decentralized technology." #blockchain
blockchainsnow
September 9, 2024, 6:56
💰 Corporate Bitcoin Adoption Surges in 2024, River Report Reveals
Corporate adoption of bitcoin has experienced a significant surge in 2024, according to a recent report from River, a U.S.-based bitcoin-focused financial services company. The report highlights the growing role of bitcoin in business treasuries, offering insights into key trends and future projections.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 7, 2024, 5:51
💰 Bitcoin falls below $54k as market sees volatility following jobs data
Bitcoin tumbled below $54,000 on Friday after initially climbing to $57,000 earlier in the day following the release of a key US jobs report. As of press time, the flagship crypto was trading at $54,100 after touching a low of $53,780 and had yet to establish a local bottom for the day, based on CryptoSlate data.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 6, 2024, 15:47
💰 US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows
Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows. Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 6, 2024, 11:55
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blockchainsnow
September 6, 2024, 6:09
💰 Bitcoin drives Morgan Stanley fund’s strategy with key positions in IBIT and MicroStrategy
According to a recent SEC filing, the Morgan Stanley Institutional Fund, Inc. – Counterpoint Global Portfolio reported total net assets of $10,042,729 as of June 30, 2024. The portfolio holds 216 different investments and has a portfolio turnover rate of 51% for the first half of the year.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 5, 2024, 4:55
💰 Low exchange stablecoin ratio hints at strong Bitcoin demand
The exchange stablecoin ratio is a critical barometer of market sentiment, reflecting the balance between stablecoins and Bitcoin held on exchanges. When this ratio plummets, it typically signals increased Bitcoin accumulation, suggesting traders are confident in a price surge. As we see Bitcoin testing the $60,000 resistance, the ratio just hit its lowest point this year.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 4, 2024, 17:33
💰 Bitcoin perpetual futures reflect market pessimism as funding rates stay below neutral: K33 Research
The bitcoin perpetual futures market is showing considerable pessimism, with funding rates remaining below neutral for an extended period — similar to the significant price drop the digital asset experienced in November 2022 — according to an analyst. "We’re in the deepest funding rate environment since bitcoin’s 80% drawdown in November 2022," K33 Research analyst Vetle Lunde said.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 4, 2024, 3:55
🥇 21Shares launches wrapped Bitcoin 21BTC on Ethereum amid WBTC challenges
According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain. The company stated that it was collaborating with Flow Traders, a leading global market maker, to launch a product that would give customers “peace of mind as they explore decentralized applications and new opportunities on the Ethereum blockchain.”
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 3, 2024, 6:31
💰 QCP Capital highlights ether's 'significant' underperformance compared to bitcoin in August
QCP Capital analysts emphasized ether's significant underperformance relative to bitcoin in August and cautioned that September might bring additional declines. "Bitcoin ended August down 8.6%. We started the month with the 'Bank of Japan crash' and bitcoin was never able to recover above $65,000. Ethereum performance in August was significantly poorer, down 22.2% in August on the back of alleged selling by Jump Trading," QCP Capital analysts said.
Source
https://t.me/Bitcoin_NewsTg
blockchainsnow
September 2, 2024, 20:41
💰 Bitcoin leads $305 million outflows as strong US economic data hits crypto
Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”
Source
https://t.me/Bitcoin_NewsTg