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Record $648M Inflows To Bitcoin ETFs Coincide With All-Time Highs
Wednesday, March 6, 2024 - 12:41pm | 630Bitcoin's (CRYPTO: BTC) rise past the $69,000 mark to reach a new all-time high on Tuesday was accompanied by a significant influx of capital into Bitcoin spot Exchange-Traded Funds (ETFs), with a total net inflow of $648 million into these ETFs on March 5. This surge in...
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Fed's Rate Hike Signal Sends Bitcoin, Ethereum Into Tailspin
Thursday, August 17, 2023 - 1:21pm | 543Cryptocurrencies faced a downturn on Thursday, influenced by growing worries about the U.S. economic landscape. Bitcoin's (CRYPTO: BTC) value decreased by roughly 4.3% over the past 24 hours, trading at $27,770 levels, as per data from CoinGecko. This decline was triggered following the...
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Did A Trader Buy Bitcoin At A 450% Premium? Not Likely: Price Corrects After Glitch
Wednesday, June 21, 2023 - 9:12am | 314Bitcoin (CRYPTO: BTC) spiked to approximately $138,000 on the Binance.US cryptocurrency exchange today. What Happened: The surge, which occurred specifically in the Bitcoin/Tether trading pair, happened at 6:50 a.m. UTC. It lasted mere seconds before prices realigned with other Bitcoin spot markets...
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Bitcoin And Ethereum Break Up — The Crypto Love Story Ends?
Monday, May 15, 2023 - 12:19pm | 406The relationship between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two largest cryptocurrencies by market cap, is undergoing a significant shift, as their price correlation slipped below 80% for the first time since November 2021. Data from Kaiko, a leading analytics firm,...
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Derivatives Data Show Ethereum (ETH) Traders Are Bullish At This Price Level
Tuesday, August 23, 2022 - 12:59am | 463Traders have been jumping in and out of Ethereum (CRYPTO: ETH) trades over the last month as the Merge to Proof-of-Stake approaches. What Happened: Open interest in ETH dropped sharply over the weekend as the asset’s price fell to a low of $1,535, noted analysts in Kaiko...
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Amid Crypto Gloom, Data Provider Kaiko Raises $53 Million
Tuesday, June 28, 2022 - 12:43pm | 300Amid bearish market sentiments, crypto data provider Kaiko announced on Tuesday it has raised $53 million in a Series B funding round to further consolidate its position globally and strengthen its institutional data products and infrastructure. The round was led by Eight Roads, with...