Investors piled money into bitcoin futures ETFs in 2022, even though the price of the cryptocurrency plunged 65 per cent. Investors ploughed $241mn into the six US bitcoin futures ETFs during the first 11 months of 2022, according to data from Morningstar Direct. And most of that money — $198mn — was added after June, which bitcoin payment service provider Bitpay marks as the start of a crypto “deep freeze”. ProShares in October 2021 launched the ProShares Bitcoin Strategy ETF,… Source link

Bitcoin and Ether prices rose in Wednesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing a strong start to the year on signs inflation is slowing in the U.S. Leading memecoin Dogecoin saw the biggest daily gains, while Cardano led the pack for the week. Litecoin and Solana were the only losers on the list. See related article: Coinbase to cut 20% of its remaining workforce Fast facts Bitcoin rose 1.5% to US$17,452 in the 24 hours to 8 a.m. in… Source link

As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy. Of course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover, Bitcoin (BTC-USD) will halve its mining rewards sometime… Source link

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s… Source link

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin’s price has taken a hit since it hit its all-time high back in 2021, and as a result, the number of bitcoin millionaires has dwindled dramatically since then. These addresses holding more than $1 million in BTC peaked in November 2021 and have been on a steady decline since then. Bitcoin Millionaires Suffer Losses Back in November 2021, when the bitcoin bull market was in full bloom, the number of BTC millionaires had crossed 100,000 wallets. At its highest point, there were… Source link

Bitcoin whales have now started accumulating BTC once more. This comes at a time when the crypto market is seeing struggling prices marked with low momentum. Now, with these large investors picking up the pace with their investments, there could be more movement on the horizon for bitcoin. Bitcoin Whales Fill Up Their Bags Data from on-chain aggregator Santiment shows that large bitcoin whales holding between 1,000-10,000 BTC are accelerating their accumulation. Over the last five days,… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The crypto market saw its second straight day of gains on Tuesday despite hawkish comments from Fed Chair Powell that interest rates will continue to rise until the central bank gets a handle on inflation. Stock, likewise, finished the day on a positive note with shares of Coinbase… Source link