US spot Bitcoin ETFs faced $1. 2B in weekly outflows as Bitcoin fell to a four-month low. BlackRock, Fidelity, and Grayscale saw major redemptions amid Bitcoin’s 10% weekly drop. Schwab says crypto interest is rising, with clients holding 20% of US crypto ETPs. The United States’ spot Bitcoin exchange-traded funds (ETFs) faced a challenging week, with [.] The post US Bitcoin ETFs see $1. 2 Billion in weekly outflows appeared first.
Tag: cryptocurrency
This week, there was a strong, broad-based pullback in the crypto market as XRP slipped with nearly 17% fall, impacting [.] The post XRP Falls 17% Analysts Say MAGACOIN FINANCE Could Be the Smartest Sub-$0. 01 Presale appeared first on Coindoo.
TLDR BlackRock deposited $28. 36M in Bitcoin and withdrew $45. 47M in Ethereum. Ethereum-based funds see increasing institutional interest amid Bitcoin outflows. Over $1 billion in liquidations hit the crypto market in the past 24 hours. Ethereum’s open interest decreases, suggesting stability despite market turmoil. In a surprising move amid a volatile crypto market, BlackRock has adjusted [.] The post BlackRock Shifts Focus from Bitcoin to Ethereum Amid Crypto Market Crash appeared first on CoinCentral.
BCH price drops to $467. 40 amid broader crypto selloff triggered by Bitcoin’s decline below key support and Fed’s unexpected rate cut resumption signaling economic concerns. (Read More).
TLDR Public mining companies raise billions in debt, pivoting to AI and HPC services to diversify from Bitcoin mining. Bitfarms raises $500M, TeraWulf plans $3. 2B debt issuance to expand into AI and high-performance computing. Mining companies raised $4. 6B in debt in late 2024, signaling a major shift towards AI and data services. AI pivot brings [.] The post Public Mining Companies Secure Billions in Debt to Shift Focus Towards AI Development appeared first on CoinCentral.
Polkadot (DOT) and Litecoin (LTC) continue to show resilience in the cryptocurrency market. However, BullZilla (ZIL) is quickly emerging as [.] The post Why Investors Are Shifting From Polkadot and Litecoin to BullZilla: Best Crypto to Buy This Week for Huge Gains appeared first on Coindoo.
The cryptocurrency market has witnessed its biggest single-day wipeout in history, with over $19 billion liquidated.
Fujitsu and US semiconductor giant Nvidia announced that they will expand their collaboration in the field of artificial intelligence, aiming to accelerate the practical use of AI across industries.
The post Tim Draper Projects Bitcoin and Blockchain to Lead Next Era of Global Finance appeared com. Bitcoin is barreling toward global financial dominance as blockchain becomes vital to national defense, with Tim Draper warning governments to act fast or fall behind. Tim Draper: Bitcoin and Blockchain Will Define Future of Money and National Stability The convergence of cryptocurrency, national security, and law enforcement has emerged as a pressing topic as governments [.] Source:.