Asset management giant BlackRock is reportedly promoting Bitcoin (BTC) as a part of a balanced portfolio. According to a new report by Bloomberg, BlackRock – which has over $10 trillion in assets under its management – released a new research paper saying that a 2% allocation of the top crypto asset by market cap in […]
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New data from blockchain analytics firm Akham reveals that asset management titan BlackRock has gone on an aggressive Bitcoin (BTC) accumulation spree. In a new thread on the social media platform X, Arkham says that BlackRock – which has over $10 trillion in assets under management – bought billions of dollars worth of BTC in […]
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New data from market intelligence firm Lookonchain reveals that Bitcoin (BTC) mining company Marathon Digital accumulated hundreds of millions of dollars worth of the crypto king following a convertible note offer. In a thread on the social media platform X, Lookonchain finds that Marathon Digital initially acquired nearly $140 million worth of Bitcoin after closing its […]
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Average Bitcoin and USDT deposits across crypto exchanges escalated over the year, indicating a rise in institutional demand for digital assets.
Cryptocurrency exchanges have seen a sharp increase in average deposits in 2024, driven by larger purchases from professional and corporate investors.
According to a Dec. 3 analysis by CryptoQuant, Binance saw its average daily Bitcoin (BTC) deposit rise by 2.77 BTC over the year, outpacing competitors like Kraken and Coinbase — with average daily deposits up by 0.56 BTC and 0.41 BTC, respectively.
Data across exchanges shows that average Bitcoin deposits escalated from 0.36 BTC in 2023 to 1.65 BTC in 2024, while deposits with Tether (USDT) stablecoin surged from $19,600 to $230,000, indicating growing participation from institutional investors and market makers inflows to exchanges.
According to EDX Markets, its average daily volume rose by 59% over the third quarter of 2024.
Crypto exchange EDX Markets has seen trading activity take off on its platform in 2024, reporting over $36 billion in volume since January from institutional clients.
According to the exchange, its average daily volume rose by 59% over the third quarter of this year. EDX’s proprietary matching engine is said to have processed more than 2 million trades and over 2.6 billion orders in October.
Founded in 2022, the company is backed by many top Wall Street firms, including Charles Schwab, Citadel Securities, Fidelity Digital Assets and Sequoia Capital.
The largest corporate holder of Bitcoin (BTC) just announced a new $42 billion plan to accumulate more of the flagship digital asset. In a new press release, MicroStrategy President and chief executive Phong Le says the company’s “21/21 Plan” aims to raise $21 billion in equity and $21 billion in fixed income securities over the […]
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Despite its recent price rally, search interest for “Bitcoin” on Google is still generating only a fraction of the traffic that “AI” has over the last week.
Bitcoin is nearing an all-time high, yet analysts say retail investors are showing no more interest than usual.
“Bitcoin is on the verge of breaking all-time highs, and retail interest is still almost non-existent,” crypto analyst Miles Deutscher said in an Oct. 29 post on X.
Bitcoin (BTC) came within spitting distance of notching a new all-time high on Oct. 29, briefly touching $73,562, but has since cooled off to a price of $72,300 at the time of publication, per CoinGecko data.
The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a […]
Banking giant Standard Chartered is predicting a sharp rise in bitcoin’s value, with forecasts suggesting it could approach its all-time high of $73,800 as the U.S. presidential election nears. Rising Treasury yields, growing interest in bitcoin ETFs, and Trump’s improving election odds are key factors driving this potential rally, supported by increasing institutional inflows and […]
Over the past week, bitcoin has been bouncing between $59,019 and $63,794 per unit. While prices have slipped slightly—down 1.29% for October so far—there’s still plenty of optimism that ‘Uptober’ will live up to its reputation. After all, October has historically been a good month for bitcoin, with enthusiasts eagerly awaiting a potential rally as […]