Bitcoin's price drop and Grayscale outflows - Here's what's up

Outflows from Grayscale have been more than net inflows into other spot ETFs. The management fees charged by Grayscale were the highest among all ETF issuers. Bitcoin [BTC] dipped below $41,The post Bitcoin's price drop and Grayscale outflows - Here's what's up appeared first on AMBCrypto.

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Some New Coins After ETF Approval Had Nothing to Do With Bitcoin

Markets have always been forward-looking, and the Bitcoin (BTC) Spot ETF was a classic example. Most of the highest gaining coins after the ETF approval had nothing to do with Bitcoin. Observing altcoins like Xai (XAI), Ethereum Classic (ETC), Ethereum Name Service (ENS), and Galaxy Fox (GFOX) may offer some insights as to where the … Continued The post Some New Coins After ETF Approval Had Nothing to Do With Bitcoin appeared first on BeInCrypto.

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Just In: Grayscale files for Bitcoin (BTC) covered call ETF

Grayscale has filed for Bitcoin covered call ETF with the SEC today The filing comes on the day its spot Bitcoin ETF began trading with the highest trading volume amongst the 11 approved ETFs The post Just In: Grayscale files for Bitcoin (BTC) covered call ETF appeared first on AMBCrypto.

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Pepe rides the Bitcoin ETF wave; prices jump by 5%

Pepe leaps in excitement with over 5% increase. Volume has also increased to its highest in five days. Following the false approval news of a Bitcoin [BTC]  ETF, certain altcoins, includingThe post Pepe rides the Bitcoin ETF wave; prices jump by 5% appeared first on AMBCrypto.

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Bitcoin (BTC) vs iShares Bitcoin Trust ETF (IBIT): Better buy?

Bitcoin price staged a strong comeback on Monday as the countdown to SEC’s approval of a spot Bitcoin ETF continued. It jumped to a high of $47,000, its highest level since January 2022. It was also up by over 200% from its lowest level in 2022, making it the best-performing major asset in the market.  […]

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Bitcoin: Whales hoard BTC as market gets ready for a big next week

Whale transactions jumped to their highest level since June 2o22. Clearance for spot Bitcoin ETFs was expected next week. Bitcoin [BTC] lost some of the gains established earlier in the weekThe post Bitcoin: Whales hoard BTC as market gets ready for a big next week appeared first on AMBCrypto.

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Bitcoin Hits a 15-Year Milestone: Second Highest Anniversary Close Ever

BTC's price fell 10% in 2 hours in a recent crypto market crash, yet such volatility doesn't faze long-term investors, considering Bitcoin's historical performance and value. The post Bitcoin Hits a 15-Year Milestone: Second Highest Anniversary Close Ever appeared first on BeInCrypto.

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Digital asset inflows soar to record highs as BTC, SOL take center stage

Digital asset flow saw the third-highest volume in 2023. Bitcoin and Solana led the pack of assets with the highest inflow for the past year. The price of digital assets rose towards the endThe post Digital asset inflows soar to record highs as BTC, SOL take center stage appeared first on AMBCrypto.

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Marathon sets new record after mining 1,853 Bitcoin in December

Marathon Digital achieved a record-breaking production of 1,853 Bitcoin (BTC) in December 2023, marking the highest monthly total ever recorded by a public BTC mining company. The growth represents a significant 290% year-over-year increase and a 56% rise from the previous month.

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Bitcoin (BTC) Price Reaches Highest Level Since April 2022

Bitcoin's impressive leap to a 21-month high of $45,386 underscores a bullish start to 2024

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NFT sales on Bitcoin hit record in December 2023

Sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) network reached $881 million in December 2023. According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record.

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Why Bitcoin miners have themselves an early Christmas

Transaction fees made up nearly 37% of the total mining revenue over the weekend. Mining revenue hit the highest level since the peak bull market of November 2021. Bitcoin [BTC] miners rackeThe post Why Bitcoin miners have themselves an early Christmas appeared first on AMBCrypto.

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Bitcoin: Can rising sell pressure thwart BTC price predictions

BTC’s taker sell volume has risen to its highest level since the year began. The coin’s futures open interest has declined by 10% in the past few days. Bitcoin's [BTC] taker sell volume The post Bitcoin: Can rising sell pressure thwart BTC price predictions appeared first on AMBCrypto.

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Bitcoin Analysts Split on Next Move Following the Recent Surge. Bitcoin Minetrix Continues Its Run

Bitcoin (BTC) has had a remarkable run over the past weekend, surging to its highest level since April 2022. As of Dec. r 4, Bitcoin sits around $41,500, up 5% in the last 24 hours. Analysts are split, however, on whether this move will lead to a further surge past $50k or a potential sell-off.

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Bitcoin breaks above $40k, Bitcoin ETF Token raises nearly $2.5m

Bitcoin ETF Token has raised nearly $2.5 million in the current BTCETF presale. Meanwhile, BTC prices soared to the highest level since April 2022

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Bitcoin Reclaims $41,000 on Spot ETF Buzz — Can ‘$50,000 BTC’ Arrive Sooner?

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Why This Bitcoin (BTC) Pump Still Has Legs According to Top Crypto Analyst

Bitcoin traded above $39,500 on Saturday, continuing its upward march in 2023. The leading cryptocurrency is now up over 130% since the start of the year, recently hitting its highest price level since April 2022.

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Over 80% of Bitcoin wallets are now at a profit - bull trend to follow?

80% of BTC addresses are now held at a profit. 180-day MVRV remains positive at around 24%. Recent data on Bitcoin [BTC] indicates that it has achieved its highest level of profitability in The post Over 80% of Bitcoin wallets are now at a profit - bull trend to follow? appeared first on AMBCrypto.

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Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days?

Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning.

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Here's how Bitcoin mining can fight climate change

Texas, the global hub of Bitcoin mining, had the highest profit potential. The added revenue could be used to invest in renewable energy installations. Over the years, Bitcoin [BTC] mining The post Here's how Bitcoin mining can fight climate change appeared first on AMBCrypto.

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‘Profitable’ BTC volume hits two-year high

The share of potential profit-generating Bitcoins (BTC) reached 83.7% of the total supply. As follows from a report by Bitfinex analysts, this is the highest figure since Nov. 2021. Experts noted that the owners of these 16.3 million BTC “are…

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Unknown holder paid $3.14m in BTC transfer fees, the highest ever recorded

On Nov. 23 an unknown Bitcoin owner sent 139.4 BTC to AntPool, triggering over $3 million in fees. According to journalist Colin Wu, the transaction fee was 83.65 BTC. Data from analytics platform Whale Alert shows that the user paid…

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Is Bitcoin due for a price correction?

Bitcoin’s Puell Multiple recently reached its highest value of 2023. Metrics revealed that selling pressure on BTC was increasing. Bitcoin [BTC] miners' position has had an influence on thThe post Is Bitcoin due for a price correction? appeared first on AMBCrypto.

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Bitcoin Puell Multiple Nears 2023 Highs: Why This Could Signal A Top

On-chain data shows the Bitcoin Puell Multiple is close to setting new highs for 2023, a sign that a top may be becoming more likely for BTC. Bitcoin 7-Day MA Puell Multiple Has Surged Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Puell Multiple is currently at the second highest […]

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Why Bitcoin’s hashrate has left the door open for bears

Bitcoin's hashrate tapped a seven-day high, putting BTC at risk of another decline. Shorts may be liquidated if the CLLD spikes. Bitcoin's [BTC] hashrate has reached its highest point in theThe post Why Bitcoin’s hashrate has left the door open for bears appeared first on AMBCrypto.

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A look at few of Bitcoin's achievements logged this week

During the week, the new demand for BTC reached its highest level so far this year.  However, the price decline below $37,000 has seen some coin holders distribute their BTC. Leading cryptoThe post A look at few of Bitcoin's achievements logged this week appeared first on AMBCrypto.

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Bitcoin Millionaire Club Explodes: Wallet Numbers Triple In 2023 Frenzy

Even if the intricate realm of cryptocurrencies remains a mystery, the name Bitcoin (BTC), the pioneering cryptocurrency with the highest market capitalization, likely rings familiar. Despite its decentralized nature, lurking within the expansive crypto landscape are formidable whales—entities, whether individuals or organizations, holding substantial stakes in this vast sea of digital assets. The enigma surrounding […]

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Bitcoin: Understanding the reasons behind the spike in BTC transaction fee

Bitcoin transaction fees climbed to the highest in months, with over $9 million. BTC breaks beyond the $37,000 price zone. A recent report indicates a notable increase in Bitcoin's transactiThe post Bitcoin: Understanding the reasons behind the spike in BTC transaction fee appeared first on AMBCrypto.

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Crypto Stock Advance Fuel Earnings And Market Rally – What’s Next For Investors?

Crypto stocks in the United States witnessed a notable uptick in pre-market trading as Bitcoin surged to its highest level since May 2022. BTC crossed the $36,000 mark for the first time in approximately 18 months on Thursday, igniting a bullish wave that extended to publicly-traded companies with significant exposure to the crypto market, including […]

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U.S. Crypto Stocks Ride BTC Momentum in Pre-Market Trading

COIN, MSTR, HOOD and mining stocks were all showing upward movement in pre-market trading after BTC rose to its highest level in 18 months.

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Altcoins Market Share Versus Bitcoin At A 4 Month High: What’s The Trigger?

Looking at Kaiko’s data shared on November 7 by Dessislava Ianeva, a Research Analyst at the blockchain analyst firm, it is evident that altcoins market share versus Bitcoin (BTC) has been rising in the past four months, reaching a 4-month high, the highest level since July 2023.

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Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

A “significant” shift in Bitcoin hodler sentiment provides the backdrop to BTC price action clinging to its highest levels in 18 months.

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Bitcoin withdrawals reach one of the highest levels of the year

Quick Take The current year has marked a significant shift in the Bitcoin exchange flow. A renewed momentum in Bitcoin withdrawals is evident, with over 61,000 BTC recently withdrawn, a substantial surge from the year-to-date low of nearly 43,000 BTC.

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Bitcoin Hashrate And Difficulty Reach New All-Time Highs, Will Price Follow?

The Bitcoin mining hashrate and difficulty have been on a tear recently, continuing to notch new all-time highs. Both metrics have reached their highest levels as the BTC rally has resumed and the question now is if this will translate into setting a new all-time high for the price.

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BTC chart pattern bodes well for Arweave, Avalanche, Chainlink, Solana

Cryptocurrencies had a strong performance in October as they outperformed key assets like stocks, bonds, and commodities. Bitcoin led the charge as it jumped to the highest level since June last year.

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Inflows into crypto investment products reach highest level in 15 months

Inflows into crypto investment products rose to a 15-month high amid the recent optimism surrounding the anticipated approval spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U. S. In its latest weekly report, CoinShares revealed that crypto investment products recorded an inflow of $326 million last week, its largest since July 2022.

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Bitcoin: Who will dictate the price of BTC - short term holders or whales?

 Short-term holders sold their BTC at the highest profit margin since April. Whales on the other hand were spending heavily. Bitcoin's [BTC] recent price rally created much excitement in tThe post Bitcoin: Who will dictate the price of BTC - short term holders or whales? appeared first on AMBCrypto.

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Bitcoin is at its most profitable in two years

Bitcoin's SOPR suggested that its short and long-term holders were holding at a profit. Its MVRV ratio sat at its highest level since March 2022. With Bitcoin [BTC] trading at multi-month hiThe post Bitcoin is at its most profitable in two years appeared first on AMBCrypto.

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Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

BTC market dominance hovered around 80% during the 2017 bull market but slumped to the 50%–60% range during the 2021 bull market, at times even dipping below 50%.

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Bitcoin Bounce Above $35,000 Puts Holder Profitability At Yearly Highs

Bitcoin has had an eventful week in terms of price action. The world’s largest crypto saw an 18% increase in the past seven days, its highest percentage increase this year. This unexpected surge caused a flurry of short position liquidations, and according to Glassnode, 60,000 BTC worth of futures positions were closed.

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Crypto market sentiment at highest point since BTC’s $69K all-time high

The Crypto Fear & Greed Index has returned to levels not seen since the peak crypto market rally of November 2021.

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Pepe Memecoin Burns $5.5M Tokens Prompting 31% Rise

Bitcoin (BTC) dominance hit its highest level since April 2021, outpacing the majority of altcoins – but the Pepe memecoin has bucked that trend.

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Bitcoin price skyrockets to $35k on fresh spot ETF news

Bitcoin (BTC) price rose sharply to $35k, its highest price since May 2022. The skyrocketing prices came as new speculation about a spot Bitcoin ETF approval hit the market. Analysts say BTC could break to $40k or higher.

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Peter Schiff has a warning to Bitcoin, Pepe, Filecoin, Mina, Conflux crypto bulls

Bitcoin (BTC/USD) price has surged hard in the past few days. The rally gained steam on Tuesday as the coin surged to over $35,000, the highest level since May last year. In all, BTC price has soared by more than 125% from the lowest level this year.

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Bitcoin follows gold as both rise to highest values since August

On 19 October, the prices of Bitcoin and gold surged to a two-month high. BTC's fund market premium showed increased activity from institutional investors since the month started. Bitcoin [BThe post Bitcoin follows gold as both rise to highest values since August appeared first on AMBCrypto.

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Opinion: MicroStrategy, a Bitcoin whale, is right to hoard BTC

MicroStrategy (NASDAQ: MSTR) stock price has pulled back in the past few months as the crypto winter continues. The shares were trading at $335. 48 on Monday, 30% below the highest point this year.

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Crypto Winter explained: why Solana, Monero, XRP, ICP, BTC crashed

Cryptocurrency prices are going through a prolonged crypto winter that has wiped over $3 trillion in value. While Bitcoin has jumped by more than $10,000 from its lowest level, it remains sharply lower from its highest point on record.

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First Mover Americas: Bitcoin Hits Highest Price in a Month

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Why Bitcoin is not threatened by a rising dollar

The U.S. dollar index reached its highest level since November 2022. BTC's correlation with DXY was just around 0.11 at the time of publication. The U.S. dollar index (DXY) has risen a few nThe post Why Bitcoin is not threatened by a rising dollar appeared first on AMBCrypto.

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