💰 9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone

In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Ki Young Ju Foresees Resurgence as Bitcoin Spot ETFs Slump

The spot Bitcoin ETF market has recently faced a period of subdued activity, coinciding with a decline in bitcoin’s price. Despite this, there are indications that a resurgence may be on the horizon, as highlighted by insights from CryptoQuant CEO, Ki Young Ju. Ju, a renowned analyst, has offered a nuanced perspective on the current state of the spot Bitcoin ETF market. He predicts a potential uptick in net flows for Bitcoin ETFs despite the ongoing downward trajectory of bitcoin’s price.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin’s price rally above $69,000 leads to widespread market liquidations

Bitcoin has started the week strong with a push above $69,000—up more than 3% today and marking its highest value since March 16. The move triggered a flood of liquidations in the digital asset ecosystem. These liquidations stem partly from the digital assets strong rally, peaking at an impressive $69,400. The last hour alone witnessed a massive $35 million worth of liquidations, primarily comprising of shorts.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin ETFs break trend recording modest inflows as GBTC continues outflow

According to data from BitMEX, the Bitcoin (BTC) ETF market experienced its first day of net inflows since March 15, collecting a modest $15.7 million, or 221.2 Bitcoin. This event paused five consecutive days of net outflows and represented the second-smallest day of inflows recorded. Despite this positive shift, the larger narrative remained overshadowed by the substantial outflows from GBTC, which amounted to $350.1 million or 4,933.7 BTC. Consequently, GBTC’s cumulative outflows have reached $14,150.6 billion, equivalent to 275,059 BTC.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Larry Fink ‘very bullish’ on Bitcoin after IBIT’s record-breaking performance

BlackRock CEO Larry Fink said the record-breaking performance of IBIT has made him more bullish about the future of Bitcoin. Fink made the statement during an interview on Fox Business on March 27, where he called the company’s spot Bitcoin ETF the most rapidly expanding fund in history. He also said that the SEC classifying Ethereum as a security would not be that detrimental to its future and would not hamper the company from issuing a spot ETH ETF.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin ETFs surpass $12 billion in net inflows as GBTC selling slows

BitMEX data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) witnessed another day of net inflows on March 28, totaling $183.0 million, equivalent to 2,587.9 BTC. This marks the fourth consecutive day of inflows. While the Grayscale Bitcoin Trust (GBTC) experienced outflows of $104.9 million, equivalent to 1,482.8 BTC, this figure represents the smallest outflow since March 12, potentially indicating a sales pressure slowdown. Despite the outflows, GBTC has now seen a total of $14,767.6 billion, equivalent to 283,937 BTC in outflows, according to BitMEX.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin wallet wakes up after 12 years of dormancy, moves 500 coins

A bitcoin wallet that has been inactive for nearly 12 years transferred its entire 500 — worth just under $35 million at current prices — to multiple new addresses. The wallet originally received 500 bitcoins on July 14, 2012 — worth less than $4000 at the time — when the bitcoin price was less than $8, as noted by Lookonchain. The identity of the individual or entity behind the bitcoin transfer remains unknown, as is the reason for the transfer.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Hedge fund manager Mark Yusko predicts $150,000 Bitcoin by end of year, spurred by halving

Hedge fund manager Mark Yusko believes Bitcoin's blockbuster year is merely getting started. In an interview on CNBC, the Morgan Creek Capital Management CEO was typically bullish on the price of the coin, which he called "the dominant token" and "a better form of gold.". Yusko pegged the fair value in this cycle around $75,000, boosted by the halving but weighed down from a potential value of $100,000 by transaction fees from Ordinals and inscriptions. "This time I think probably two-times [$75,000] because there's less leverage, so that gets us to $150,000.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin leads over $800 million global crypto ETP market rebound, overshadowing Ethereum outflows

Last week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research James Butterfill. In comparison, outflows from Grayscale’s GBTC continue apace, with $960 million recorded during the past week. This brings the total outflows from GBTC to more than $6 billion in March and $14.7 billion on the year-to-date metrics.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin ETFs experience first outflow since March 22 at $85.8 million

Data from BitMEX shows that the Bitcoin (BTC) exchange-traded funds (ETFs) saw a net outflow of $85.8 million, equivalent to 1,230.3 BTC, marking the first outflow since March 22. Grayscale’s GBTC continued to dominate the outflows, with $302.6 million, equivalent to 4,337.4 BTC, being withdrawn. GBTC has now seen a staggering $15,070.2 billion of outflows, equivalent to 288,274 BTC, according to BitMEX.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Hut8 Mining CEO says Bitcoin’s coming halving will be on a ‘different scale’

Hut 8 Mining CEO Asher Genoot said the coming Bitcoin halving will be on a “different scale” in terms of impact on the mining industry. Genoot said during an interview with Bloomberg on April 2 that large scale miners must become “low-cost operators” to ensure they can survive the turbulent market conditions post-halving. Genoot added that this is a core part of Hut8’s strategy as evidenced by strong balance sheet with a substantial Bitcoin reserve of approximately 9,100 BTC, worth around $600 million as of press time.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs

Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining units from the renowned manufacturer Bitmain. The company specified that it would receive 13,500 S21 Antminer rigs and 14,200 T21 mining machines. The delivery, scheduled to begin in June 2024, will enhance the firm’s joules per terahash (J/T) efficiency.

Source

https://hottg.com/Bitcoin_Crypto_Signals

🏦 Coinbase partners with Lightspark for 💰 Bitcoin Lightning payments

Coinbase is one step closer to integrating Bitcoin Lightning on its platform amid a new partnership with Lightspark, an enterprise-focused Lightning solution led by former PayPal president David Marcus. In an April 4 X post, Coinbase’s CEO Brian Armstrong said the integration of the Bitcoin layer-2 network will happen “soon” — which will allow its 108 million user base to leverage potentially faster and cheaper Bitcoin transactions.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total circulating supply of 19.67 million bitcoins.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin mining market cap eclipses $20 billion as industry continues growing amid challenges

Quick Take The Bitcoin mining industry has reached a significant milestone, surpassing a market capitalization of $20 billion, now standing at $20.6 billion, according to Farside data. This milestone emphasizes the growing significance of public miners within the Bitcoin ecosystem, contributing approximately 28% of the global hash rate.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase

Cryptocurrency markets dropped along with other risk assets after the Federal Reserve reiterated a cautious stance on the pace of future interest-rate cuts. Gold has outperformed, and this may benefit bitcoin (BTC), Coinbase (COIN) said in a research report on Friday. “Given the market’s recent hawkish views on rate cuts, we think gold’s performance signals an overweighting on inflation relative to Fed rate changes as well as an overall belief that certain inflation bumps could materialize more problematically than anticipated,” the report said.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 BlackRock names Citi, Citadel, Goldman Sachs as APs for its spot bitcoin ETF

BlackRock has revealed the names of four more Wall Street firms it's enlisting to buy bitcoin for its iShares Bitcoin Trust ETF. Citi, Goldman Sachs, UBS, and Citadel have joined JP Morgan and Jane Street as authorized participants for the world's largest asset manager's spot bitcoin ETF, according to an amendment filed with the Securities and Exchange Commission on Friday to the ETF's Form S-1.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 BlackRock Adds Goldman Sachs, Citigroup, UBS as APs for Bitcoin ETF

BlackRock (BLK) has added five additional authorized participants (APs) to the iShares Bitcoin Trust (IBIT), bringing the total number to nine as the fund continues to attract billions of dollars from investors. The new APs include Wall Street banking giants Goldman Sachs, Citadel Securities, Citigroup and UBS as well as clearing house ABN AMRO, according to a prospectus filed with the U.S. Securities and Exchange Commission (SEC). They join Jane Street Capital, JP Morgan, Masquarie and Virtu Americas.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin ‘pretty unlikely’ to revisit $50K price level, says analyst

The frequency of Bitcoin reaching higher support price levels, as well as the “lack of immediate froth” in the derivatives markets, suggests that its price is unlikely to retrace down to $50,000 anytime soon, according to a crypto analyst. Senior analyst at digital asset fund UTXO Management, Dylan LeClair, explained in an analyst note on April 7 that if Bitcoin rises back into the $70,000–$75,000 price range, it will put significant pressure on short positions. “As we’ve consolidated, an increasing amount of short liquidations are building from 70-75k,” he stated.

Source

https://hottg.com/Bitcoin_Crypto_Signals