Bitcoin ETFs have now seen five consecutive weeks of inflows totaling over $600 million, led by BlackRock's IBIT, despite some outflows from some funds
The $100K mark, analysts said, remains a critical psychological and liquidation level, with over $3.4 billion in long positions exposed to downside risk if selling pressure continues
Despite the sideways action, Bitcoin dominance has steadily increased to 63.46 per cent, indicating a lower risk appetite among investors
Bitcoin's market capitalisation stood at $1.88 trillion, the highest among the cryptocurrencies
According to CoinGlass data, a break above the $95,000 mark could trigger liquidations of nearly $700 million in short positions, easing selling pressure and setting the stage for the next leg up
Investors' confidence, analysts said, stands strong as the White House plans to establish the Bitcoin Strategic Reserve using alternative government revenue sources
The sell-off extended into the crypto markets too, with Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, taking the worst hit among other popular cryptocurrencies
Bitcoin briefly tested resistance at $85,526 before pulling back, signaling potential consolidation in the near term
He expects the funds to come into the digital network from Russian real estate, Chinese private equity, and markets in Africa and South America
India's Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules
Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam. The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals. Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE. "...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading". Drawing attention to its previous letter dated September 4, 2022, regarding the ...
Bitcoin, meanwhile, has gained 164 per cent in the last one year - from a level of around $37,000 to nearly $98,300 now. This is despite the cryptocurrency halving in April 2024.
As Bitcoin reaches new heights following the US elections, we explore the key factors driving this surge and what it means for investors
he fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above." Trump embraced digital assets during his campaign, promising to make the
The effort succeeded last week, with many of the industry's chosen candidates winning their races, potentially ushering in a Congress poised to champion crypto
Report from blockchain analytics company Chainalysis which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralized exchange finance assets
The path to wide acceptance as a mainstream asset may be slow and twisting
Crypto icon Kabosu, the Japanese dog who inspired Dogecoin and Shiba Inu, passed away at the age of 17. The owner of the dog shared the information through his blog post
A 40-year-old Indian national extradited from the UK has pleaded guilty to operating a global dark web enterprise to sell "deadly and dangerous drugs to communities across America" and agreed to forfeit approximately USD 150 million in cryptocurrency. According to court documents, Banmeet Singh from Haldwani in Uttarakhand created vendor marketing sites on dark web marketplaces to sell controlled substances, including fentanyl, LSD, ecstasy, Xanax, Ketamine, and Tramadol, the US Department of Justice said in a press release. Customers ordered controlled substances from Singh using the vendor sites and by paying with cryptocurrency. Singh then personally shipped or arranged the shipment of the drugs from Europe to America through US mail or other shipping services, the release said on Friday. Banmeet Singh and traffickers like him think they can operate anonymously on the dark web and evade prosecution...Today's guilty plea, which includes forfeiture of approximately USD 150 million
Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show