Articles for category: Bitcoin, Market, Trending

Crypto Fundraising Surges to $2.4 Billion in Q1 2024 with Over 500 Deals, Reports PitchBook

The cryptocurrency market has experienced a remarkable surge in fundraising, reaching an impressive $2.4 billion in the first quarter of 2024, driven by a shift in market sentiment and fresh capital inflows. A recent analysis by PitchBook, a leading data provider for private and public market investors, highlights a significant increase in investment activity within ...

Bitcoin Price Prediction as $17 Billion Trading Volume Surges – Are Chinese Whales Behind the Boost?

Bitcoin (BTC) is currently trading at $67,330.50, marking a 0.15% increase in the last 24 hours, with a significant trading volume of $16.3 billion. Maintaining its leading position on CoinMarketCap with a market cap of $1.33 trillion, Bitcoin’s recent dynamics are stirring speculation about the influence of Chinese whales on the market. This Bitcoin price ...

How Inflation, Interest Rates, and the Stock Market Influence Bitcoin’s Price

While Bitcoin’s value can be driven by cryptocurrency-specific factors, it is also significantly affected by macroeconomic and global events. These events often cause sudden and unexpected price fluctuations, underscoring Bitcoin’s sensitivity to the broader economic landscape. Inflation Recent years have seen a surge in inflation across major economies such as the U.S. and U.K., reaching ...

Fidelity’s FBTC Leads Inflows as Spot BTC ETFs See Positive Start to the Week

Market data reveals that Fidelity’s Wise Origin Bitcoin Fund (FBTC) spearheaded the largest inflow on May 13, contributing to a total positive flow of $66 million in the broader exchange-traded fund (ETF) market. This comes despite several products witnessing zero flows for the day. According to insights from Farside Investors, Bitcoin (BTC) ETFs collectively experienced ...

Arkham Report: Celebrities and Their Crypto Holdings on X

Since the NFT boom of 2021, mainstream celebrities have dipped their toes into the world of Web3 and crypto, with some maintaining their holdings while others have moved on to different ventures. Top Celebrities with Crypto Holdings: According to data from Arkham Intelligence, the top five celebrities on Elon Musk’s X platform with crypto holdings ...

Weekly Recap: Trump Embraces Crypto, NFT Market Dips, ETF Inflows Surge

This week’s recap highlights significant developments in the cryptocurrency space, including Donald Trump’s endorsement of crypto, a dip in the NFT market, and a surge in ETF inflows. Trump’s Crypto Support: Donald Trump, the GOP’s 2024 presidential candidate, surprised many by openly declaring support for the cryptocurrency industry. He urged supporters to donate digital assets ...

Bitcoin On-Chain Activity Declines, Signaling Market Indecision Amidst Price Stability

Bitcoin’s on-chain activity has plummeted to near-historic lows, signaling a notable slowdown in transactions since the cryptocurrency reached a new all-time high price, according to insights from data analytics firm Sentiment. In an update on May 11, Sentiment revealed that on-chain activity on the Bitcoin network has dipped to levels not seen since 2019. Metrics ...

11-Year Dormant Bitcoin Wallets Spring to Life: $60 Million Transfer Sparks Speculation

In a surprising turn of events, long-dormant Bitcoin wallets, inactive for nearly 11 years, suddenly came to life, transferring a staggering 1,000 Bitcoins (BTC) within a mere 20-minute window, as reported by on-chain analysts on Sunday. The wallets in question, identified as “16vRqA” and “1DUJuH,” had each received 500 BTC back in September 2013, when ...