What Crypto Whales are Buying Amid the Bear Market
The cryptocurrency market has spent most of November in the red, with the TOTAL index dropping approximately 20% month-over-month, before rebounding briefly at press time. That weakness has revived talk that a new bear market may already be starting. Yet despite the fear, crypto whales are buying, which shows that the biggest wallets are positioning…
Zcash Price Soars 45%: Here’s Why
Zcash (ZEC) price has experienced a remarkable surge, with its price climbing over 45% in the past 24 hours. The privacy-focused cryptocurrency has significantly outperformed the broader market, standing strong at over $600. This increase is an upswing extension of a pattern with a 20% increase in an otherwise downward market. The increase in the…
This Bitcoin Price Level Stands Between Boom and Bust
The Bitcoin price has dropped sharply this month. Since early November, it has fallen almost 15%, turning one of the strongest assets of the year into one of the weakest in the current pullback. The drop has pushed the market into two camps again. Some believe this is the start of a deeper correction. Others…
Harvard Boosts Bitcoin ETF Holdings 257% to $443M Amid Investor Withdrawals
Harvard University has expanded its Bitcoin ETFs holdings by 257% according to a recent filing. That is despite the fund witnessing record outflows in the last few days. Harvard Doubles Down on Bitcoin ETF Holdings In a filing, Harvard revealed the ownership of 6.81 million shares of BlackRock’s spot Bitcoin ETF, IBIT. As of September…
BlackRock’s IBIT offloads $463M in Bitcoin, largest outflow on record
Key Takeaways BlackRock clients sold $463 million in Bitcoin in a single day, the highest outflow recorded. The outflow reflects institutional risk management amid volatile market conditions. Share this article Investors pulled $463 million from BlackRock’s IBIT Bitcoin ETF on Friday, representing the largest single-day outflow on record for the product.The massive selloff reflects institutional…
