Cryptocurrency

Spot Bitcoin ETFs witness 5th consecutive day of outflows as halving imminent Apr 19, 2024 05:40PM

On Thursday, U.S. spot Bitcoin exchange-traded funds (ETFs) saw their fifth consecutive day of net outflows, matching the record for the longest streak of such outflows.

According to JPMorgan estimates, the group experienced preliminary redemptions of $4 million on the day.

“Daily gross flows (excl. GBTC) returned to sales yesterday and were $86mn,” analysts said in a note.

“However, BlackRock’s IBIT flows remained depressed while accounting for just $19mn of... (continue reading...)

Bitcoin price today: tests $59k amid Iran-Israel escalation, halving watch Apr 19, 2024 03:51AM

Investing.com-- Bitcoin price rose marginally on Friday, recovering from an earlier drop below key support levels as risk appetite was battered by reports of an Israeli strike against Iran, while focus also remained on the upcoming halving event. 

Bitcoin rose 0.9% to $62,550.7 over the past 24 hours by 00:42 ET (04:42 GMT). The token had slumped as low as $59,693 when reports of the Israeli strike first broke on Friday morning. 

Bitcoin falls below $60k after Israel... (continue reading...)

Explainer-Bitcoin's 'halving': what is it and does it matter? Apr 19, 2024 03:05AM

LONDON (Reuters) - Bitcoin's long-anticipated 'halving' is, depending on where you sit, a vital event that will burnish the cryptocurrency's value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price.

The halving comes after bitcoin hit an all-time high of $73,803.25 in March.

But what exactly is the halving, and does it really matter?

WHAT IS IT?

... (continue reading...)

Bitcoin 'halving' has taken place, CoinGecko says Apr 19, 2024 03:02AM

By Elizabeth Howcroft

LONDON (Reuters) -Bitcoin, the world's largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company.

Bitcoin was fairly stable immediately afterward, falling 0.47% to $63,747.

Bitcoin enthusiasts had eagerly waited for the "halving"- a change to the cryptocurrency's underlying... (continue reading...)

Bitcoin slides below $60,000 on reports Israel strikes Iran Apr 18, 2024 10:45PM

(Reuters) -Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran.

Bitcoin slid more than 5.5% to $59,961 in the Asia session as the U.S. dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895.

Israel launched an attack on Iranian soil on Friday, sources said, days after Iran launched a drone strike... (continue reading...)