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Bitcoin Surges To $93K As New Addresses And Institutional Investments Hit Record Highs

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Bitcoin has reached a new all-time high of $93,000, rising by 30% since the U.S. election. Yesterday saw a surge in new Bitcoin addresses, spiking to 442,000—the highest daily number since March—indicating heightened interest and new entries into the market. https://twitter.com/intotheblock/status/1856718084226064675?t=CK78-rLU02I7PqktRiMa4g&s=19 Despite this rally, metrics such as the MVRV ratio suggest Bitcoin is not yet … Read more

Bitcoin Surges Past $77K Amid Election Victory And Rate Cut, Eyeing Six-Figure Valuation

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Bitcoin is experiencing a powerful rally, recently reaching $77,000 following a 10% surge in the hours around former President Trump’s election victory and another bump after the Federal Open Market Committee (FOMC) announced a rate cut. This one-two punch of political and economic news has bolstered optimism for six-figure price targets in Bitcoin’s near future. … Read more

Bitcoin Market Braces For Volatility Surge Amid Record ETF Outflows And Wallet Shifts

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The Bitcoin options market is witnessing record volatility levels, reaching the highest point since April, according to Glassnode. This spike suggests that traders are bracing for potential major price swings, reflecting an atmosphere of intense anticipation and uncertainty as Bitcoin navigates turbulent market conditions. BTC options market volatility has hit record highs, the fiercest since … Read more

Bitcoin ETFs Score $479M in Inflows as Blackrock Surpasses 400,000 BTC

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Monday’s spot crypto exchange-traded fund (ETF) data shows bitcoin (BTC) ETFs reeling in positive inflows of $479.35 million, while ether (ETH) ETFs experienced a slight decline. Bitcoin ETFs Absorb $479M Bitcoin exchange-traded funds (ETFs) have been on a winning streak lately, scooping up significant inflows. On Monday alone, the 12 bitcoin-focused funds saw a collective … Read more

Bitcoin Whale Wallets On The Rise As Market Sentiment Grows

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Bitcoin’s whale activity has surged in recent weeks, with wallets holding 100 or more BTC growing by 297, an increase of 1.9%. Meanwhile, smaller wallets—those holding less than 100 BTC—declined by 20,629, down 0.1%. This trend shows that large holders are accumulating, a potential signal of bullish sentiment as whales absorb coins sold by smaller … Read more