Bitcoin Magazine

2024-05-05 08:50:15 Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.”

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2024-05-04 19:15:34 Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak

Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass.

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2024-05-03 19:45:27 Hong Kong’s spot ETFs experience decline in bitcoin inflows on second trading day

The three spot bitcoin exchange-traded funds in Hong Kong saw inflows of 174.73 BTC ($10.3 million) on the second trading day yesterday, compared to an inflow of 3,910 BTC ($240 million) on the first trading day. The trading volume stood at over $9.7 million on both days, according to SoSoValue data. The caveat with the inflow data is that ETF shares bought via in-kind subscriptions of physical Bitcoin do not generate cash inflows denominated in dollar terms, so they are not included in daily net inflow statistics, SoSoValue clarified.

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2024-05-03 12:20:58 Tectum team showcases instant #Bitcoin payments using SoftNote. Mass Adoption is already here! Time to buy $TET
Tg Group is here! Open / Comment

2024-05-03 07:45:13 Standard Chartered Warns Bitcoin Price Could Fall to $50K

Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of them are currently underwater.

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2024-05-02 18:31:25 Former PayPal President David Marcus says Bitcoin is “going to be the native currency of AI”

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2024-05-02 08:30:40 Hong Kong Bitcoin ETF Issuer ChinaAMC believes in-kind creation will attract not just institutional and retail investors but Bitcoin miners and large holders

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2024-05-01 20:29:58 Standard Chartered says bitcoin price could fall further to $50,000

Bitcoin's price fall below the $60,000 mark could be the start of further pain to come, according to Standard Chartered Bank. "BTC's proper break below $60K has now reopened a route to the $50-52K range," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, said Wednesday in a statement to The Block. "The driver seems to be a combination of crypto-specific and broader macro."

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2024-05-01 06:29:58 NEW: Bitcoin spot ETF recently went live in Hong Kong

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