Bitcoin Mining Crisis: The Bullish Signal You Can’t Ignore

Categories
Bitcoin, Bitcoin Electrical Cost, Bitcoin Miner Price, Bitcoin Miners, Bitcoin Mining, Bitcoin News, Bitcoin Pattern, bitcoin price, btc, btcusd

On-chain data suggests the Bitcoin “Miner Price” metric has fallen under the BTC Electrical Cost. Here’s what happened next the last few times. Bitcoin Miner Price Has Declined Below Electrical Cost For Fifth Time Ever In a new post on X, Capriole Investments founder Charles Edwards has pointed out a development that has recently occurred […]

Morgan Stanley’s Bitcoin ETF Position Exposed: Filing Discloses $270 Million In Holdings | Bitcoinist.com

Categories
ARK Invest, Bitcoin, bitcoin ETF, Bitcoin News, bitcoin price, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, digital currency, Grayscale, Grayscale Bitcoin ETF, Morgan Stanley, Morgan Stanley news

In a recent filing with the US Securities and Exchange Commission (SEC), Morgan Stanley, the American multinational investment bank and financial services company, disclosed its substantial investments in the newly approved Bitcoin ETF market. The bank’s filing revealed holdings in two prominent Bitcoin exchange-traded funds: Grayscale Bitcoin Trust (GBTC) and Ark Invest’s ETF. Morgan Stanley’s […]

Bitcoin Selling On Coinbase Fizzles: Short-Term Jump Soon?

Categories
Bitcoin, Bitcoin Coinbase Premium, Bitcoin Jump, Bitcoin News, Bitcoin Selling, Bitcoin Selling Pressure, btc, btcusd, coinbase, Crypto Exchange Coinbase

Data shows that Bitcoin selling pressure on the crypto exchange Coinbase is decreasing, which could be conducive to a short-term bounce. Bitcoin Coinbase Premium Gap Is Approaching Neutral Mark Again As analyst Maartunn explained in a post on X, the Coinbase Premium Gap has risen since plunging into negative territory yesterday. The “Coinbase Premium Gap” […]

El Salvador’s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition | Bitcoinist.com

Categories
Bitcoin, Bitcoin News, bitcoin price, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, El Salvador, El Salvador Bitcoin, El Salvador bitcoin bet, El Salvador news

El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg.  This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury’s BTC […]

Dutch Court Sentences Tornado Cash Developer To 64 Months For Money Laundering | Bitcoinist.com

Categories
Bitcoin, btcusd, BTCUSDT, Crypto, Crypto News, Cryptocurrency, Tornado Cash, Tornado Cash Lawsuit, Tornado Cash news, Tornado Cash sanction, Tornado Cash Sanctions

The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of Tornado Cash, to 64 months in prison for his involvement in creating and maintaining the crypto mixing tool. The court alleges that Tornado Cash enables “criminal activity and terrorism.”  Pertsev, along with two other individuals, developed Tornado Cash, a tool for concealing […]

Stablecoin Exchange Inflows See Major Drop: Bad For Bitcoin?

Categories
Bitcoin, btc, btcusd, Ethereum stablecoins, Stablecoin, Stablecoin Exchange Inflows, Stablecoin Inflows, Stablecoins, Stables

On-chain data shows that stablecoin exchange inflows have seen a sharp drop recently. This could be bearish for the Bitcoin price. Ethereum-Based Stablecoins Have Seen Low Exchange Deposits Recently As CryptoQuant author Axel Adler Jr. pointed out in a post on X, the exchange inflows of Ethereum-based stablecoins have recently dropped below the 90-day average. […]

Bitcoin Mining Giant Bitfarms Axes CEO Amidst $27 Million Lawsuit | Bitcoinist.com

Categories
Bitcoin, Bitcoin Mining, Bitcoin News, bitcoin price, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency

Toronto-based Bitcoin mining company Bitfarms has announced the termination of its interim president and chief executive officer (CEO), Geoffrey Morphy after he filed a $27 million lawsuit against the company.  According to Bloomberg, the lawsuit alleges breach of contract and “wrongful termination” and seeks compensatory and punitive damages. Bitfarm believes the claims are without merit […]

Bitcoin “Danger Zone” In 2 Days: Crypto Expert Explains What This Means

Categories
Bitcoin, btc, btcusd, Crypto, price action, Price Analysis

Crypto analyst Rekt Capital has dropped a peculiar analysis on when Bitcoin might resume its upward trajectory. According to a post on social media platform X by the popular analyst, Bitcoin could finally exit the “danger zone” in the next two days. This prediction has come amidst speculations on when and whether Bitcoin would continue […]

Bitcoin ETFs Soar As 3rd Largest US Bank Reveals Ownership In New Filing | Bitcoinist.com

Categories
Bank of New York Mellon (BNY Mellon), Bitcoin, bitcoin ETF, bitcoin ETFs, Bitcoin News, bitcoin price, BNY Mellon, btc, btc price, btcusd, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Spot Bitcoin ETFs, US Bitcoin ETFs, Wells Fargo

In a notable development highlighting the increasing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to spot Bitcoin ETFs.  The US Securities and Exchange Commission (SEC) approved the regulated index funds in January, allowing institutions like Wells Fargo to invest in the largest […]

Bitcoin ETF Issuer WisdomTree Introduces Prime App In NY, Gains Approval For New Crypto Offerings | Bitcoinist.com

Categories
Bitcoin, bitcoin ETF, btc, btcusd, BTCUSDT, Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, digital currency, wisdomtree, WisdomTree news

One of the issuers of spot Bitcoin exchange-traded funds (ETFs) in the US, WisdomTree, has announced the expansion of its WisdomTree Prime app to users in New York.  Expanded Custody And Stablecoin Services This development closely follows WisdomTree’s recent achievement of a New York State Department of Financial Services (DFS) charter, granting the company the […]

Bitcoin & Ethereum Decouple From Trad Markets, What It Means

Categories
Bitcoin, bitcoin correlation, Bitcoin News, btc, btcusd, Crypto, Cryptocurrency, ETH, Ethereum, Ethereum Correlation, Stock Market, stocks, Trad Markets, Traditional Markets

Data shows that Bitcoin and Ethereum correlate little to traditional markets, implying that cryptocurrency is forging its destiny. Bitcoin & Ethereum Have Been The Master Of Their Fates Recently According to data from the market intelligence platform IntoTheBlock, the correlation between BTC and ETH with traditional markets and commodities has been close to zero recently. […]

Grayscale Bitcoin Trust Sees First Inflows In 3 Months, Hong Kong ETF Market Gains Traction | Bitcoinist.com

Categories
Bitcoin, bitcoin ETF, Bitcoin News, bitcoin price, BlackRock, BlackRock Bitcoin ETF, BlackRock news, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, Grayscale, Grayscale Bitcoin, Grayscale Bitcoin ETF, Grayscale GBTC, Grayscale news

Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency investment vehicle, has experienced a notable influx of investor funds for the first time since the January approval of US spot Bitcoin exchange-traded funds (ETFs).  Grayscale Bitcoin Trust Bounces Back With Inflows Data compiled by Bloomberg reveals that on May 3, Grayscale’s Bitcoin Trust received approximately $63 […]