Crypto trading/market thread
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Bitcoin set for biggest monthly jump since 2020 amid ETF boost
SINGAPORE/LONDON, Feb 29 (Reuters) - Bitcoin was on track for its biggest monthly gain in more than three years on Thursday and within sight of a record high, propelled by cash rushing into exchange-traded funds.The approval and launch of spot bitcoin exchange-traded funds in the U.S. this year has opened the asset class to new investors and reignited the excitement that evaporated when prices collapsed in the "crypto winter" of 2022.
The largest cryptocurrency by market capitalisation was last up 3.4% at $62,205, having changed hands at $63,933 overnight, the highest since late 2021.
Bitcoin's monthly gain is more than 47%, its largest since December 2020, and its rally has pulled ether along in its wake. The smaller cryptocurrency topped $3,500 for the first time since April 2022 on Wednesday and was last up 4.3% at $3,466, taking its February increase to 52%.
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Wished I'd have taken a chance back then.
Here's a look back at the history of Bitcoin and how much an early investment in the leading cryptocurrency would be worth today.
What Happened: In October 2008, pseudonymous Satoshi Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The whitepaper provided many key details and explained why Bitcoin was created.
In January 2009, Nakamoto mined the genesis block of the first 50 Bitcoins and the cryptocurrency was officially born.
When Bitcoin was released, there were only two ways to get the cryptocurrency: mine the Bitcoin yourself or use a peer-to-peer transaction.
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If You Bought $1 Worth Of Bitcoin At Launch, Here's How Much You'd Have Today
The price of leading cryptocurrency Bitcoin (CRYPTO: BTC) surged in February 2024, hitting levels not witnessed since all-time highs were previously reached in November 2021.Here's a look back at the history of Bitcoin and how much an early investment in the leading cryptocurrency would be worth today.
What Happened: In October 2008, pseudonymous Satoshi Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The whitepaper provided many key details and explained why Bitcoin was created.
In January 2009, Nakamoto mined the genesis block of the first 50 Bitcoins and the cryptocurrency was officially born.
When Bitcoin was released, there were only two ways to get the cryptocurrency: mine the Bitcoin yourself or use a peer-to-peer transaction.
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November 11, 2013:
Bitcoin Contest -- FREE 0.005 BTC to Winner!
... The Bearing, ever interested in improving his education (as long as he doesn't have to work too hard) is now learning about Bitcoin ("BTC"). Mostly how it works (that is, how to buy them and how to spend them). A decent guy (a "virtual friend") gave me 0.11 BTC within the past couple of...
BTC was around $300 at the time of that post. @DoChenRollingBearing did send me that 0.005 BTC back then. I wish I had bought more, but back then, it was not easy to acquire if you weren't mining it. Mt. Gox was not an easy experience to navigate (and that was before it blew up).
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Bitcoin Is Less Than $4,000 Away From Regaining All-Time High Of $69K
Bitcoin (CRYPTO: BTC) reached $65,000 on Monday, advancing toward its all-time high of $69,000 achieved in November 2021.
www.benzinga.com
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Marathon Digital Mines Record-Breaking Bitcoin Block with Runestone Inscription
In a historic feat, Marathon Digital, a prominent player in the cryptocurrency mining arena, has shattered records by mining the largest-ever Bitcoin block. This monumental achievement showcases the evolving landscape of blockchain technology and its potential for innovation.The groundbreaking block, mined through Marathon Digital’s Slipstream service, is a testament to the company’s dedication to pushing the boundaries of what’s possible in the realm of cryptocurrency. Measuring an impressive 3,990.36 kilobytes, this block represents a milestone in the history of Bitcoin mining.
At the heart of this record-breaking block lies a captivating inscription related to the Runestone airdrop—an event that has captured the attention of cryptocurrency enthusiasts worldwide. The Runestone inscription, embedded within the block, symbolizes the convergence of art, technology, and community within the realm of digital currencies.
Led by Marathon Digital’s Slipstream service and OrdinalsBot—a pioneering platform simplifying the process of inscribing Ordinals—the mining of this colossal block marks a significant moment in the evolution of Bitcoin Ordinals. These innovative tokens, akin to Ethereum-based NFTs, enable the embedding of data, including images and text, onto the immutable Bitcoin blockchain.
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Marathon Digital Mines Record-Breaking Bitcoin Block with Runestone Inscription
Marathon Digital sets a new record with the largest Bitcoin block ever mined, featuring a Runestone inscription. Learn about the significance of Bitcoin Ordinals and the upcoming Runestone airdrop.
thecurrencyanalytics.com
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Donald Trump's MAGA Coin Holdings Catapult His Crypto Wealth To $8.79M (CORRECTED)
Former President Donald Trump's cryptocurrency holdings have experienced a significant boost, jumping by over $1.9 million in value within just 24 hours.What Happened: This increase is largely attributed to a 22% rise in the value of the MAGA Meme coin (CRYPTO: TRUMP), a token that has recently been in the spotlight.
Data pulled from Arkham Intelligence revealed the former president's crypto assets are now valued at $8.79 million.
This marked an almost 16% increase in just one day, and a substantial $3.71 million leap from its previous valuation of $5.08 million back on Feb. 26, 2024.
The MAGA meme coin's rally over the past week is a key driver behind this uptick, according to figures from DEXScreener.
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BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage
IBIT’s total inflows surpassed the $9 billion mark as prices plunged following bitcoin taking out a record high above $69.000.
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Spain Bans Sam Altman’s Worldcoin Amid Data Collection Concerns
Spain has banned Worldcoin, a digital ID cryptocurrency venture launched by OpenAI chief executive Sam Altman, after the country’s privacy watchdog cited concerns over how the company’s eyeball-scanning technology collects and processes biometric data.The Spanish Data Protection Agency (AEPD) issued a precautionary measure Wednesday that prohibits Worldcoin’s activities in the country for up to three months, after the agency received “several complaints” about alleged insufficient information, the collection of data from minors and concerns that consent can’t be withdrawn.
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This is (IMO) some really dumb shit:
news.bitcoin.com
Meme tokens - whether related to dogs or political figures - with zero real world use case or USP are just Ponzi style pump and dump playgrounds. Doesn't mean you can't take advantage of them, but I can't help but think of Idiocracy when watching them pump.
Solana's BODEN Token, Nodding to Joe Biden, Sees Major Uptick After TRUMP Coin Rally – Markets and Prices Bitcoin News
In the last 24 hours alone, the jeo (BODEN) token has witnessed trading volume amounting to $34.50 million.
Meme tokens - whether related to dogs or political figures - with zero real world use case or USP are just Ponzi style pump and dump playgrounds. Doesn't mean you can't take advantage of them, but I can't help but think of Idiocracy when watching them pump.
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- The ten new ETFs collectively experienced over $648 million in net inflows.
- Pseudonymous analyst, Altcoin Sherpa, warned of volatility in the upcoming hours/days.
- Michael Van de Poppe predicts that Ethereum could be the next in line to potentially test an all-time high.
Bitcoin, Ethereum, Dogecoin Rise As Investors Buy The Dip: Analyst Predicts $100K For King Crypto, Says 'Don't Lose Your Stack'
Major cryptocurrencies surged on Wednesday evening driven by massive inflows into U.S.-listed spot Bitcoin ETFs during Tuesday’s drop. This indicates that ETF investors were unfazed by the plunge and saw it as an opportunity to buy the dip.
www.benzinga.com
According to coinmarketcap.com, Ethereum's all time high was $4,891.70 on Nov 16, 2021. That would be ~$1,120 higher than it's current price - very roughly a 30% gain. That's almost certainly going to happen just following BTC's coattails. If the Dencun upgrade works as expected and if the spot ETH ETFs get approved in May, I expect Ethereum is going to go much higher than that.
It's interesting that the report above mentioned AI crypto plays at the end. I was looking at Fetch.AI (FET) last night as something I might dip my toes on for a little exposure to AI aside from THETA.
It's interesting that the report above mentioned AI crypto plays at the end. I was looking at Fetch.AI (FET) last night as something I might dip my toes on for a little exposure to AI aside from THETA.
Bill Text: AZ SCR1016 said:
Arizona SCR1016 | 2024 | Fifty-sixth Legislature 2nd Regular
Bill Text (2024-02-29) State retirement systems; digital assets [House read second time]
This page is tracking the spot BTC ETF flows in an easy to read chart:
www.theblock.co
You can see Blackrock's disclosure page here (scroll down to holdings to see the BTC "shares"):
www.ishares.com
Spot Bitcoin ETF Flows
The daily flows (in USD) for spot bitcoin ETFs, including BlackRock, Fidelity, the Grayscale Bitcoin Trust, Ark Invest and more.
You can see Blackrock's disclosure page here (scroll down to holdings to see the BTC "shares"):
iShares Bitcoin Trust | IBIT
The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.The iShares Bitcoin Trust is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs...
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Bitcoin Vs. Ethereum Vs. Shiba Inu Vs. Doge: How Much You Would Have Now If You Had $1,000 Invested In Each Of The Crypto At Start Of Current Bull Run
Cryptocurrencies have been on a tear since late last year, as buying interest perked up in anticipation of a regulatory nod for spot Bitcoin (CRYPTO: BTC) exchange-traded funds.
www.benzinga.com
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Bitcoin has 'all the great attributes & none of the defects' of gold: MicroStrategy's Michael Saylor
Mar 11, 2024Michael Saylor, MicroStrategy executive chairman, joins 'Squawk Box' to discuss the latest bitcoin rally, impact of spot bitcoin ETFs on his company, why bitcoin should be considered 'digital property', growth outlook, and more.
6:56
Been adding to my Fidelity acct on a regular basis
Saylor : BTC :: Morpheus : Neo
BTC does not have "all" of the great attributes of gold. It's not a bearer instrument:
www.pmbug.com
BTC does not have "all" of the great attributes of gold. It's not a bearer instrument:
The Seventh Characteristic of Money
This new learning amazes me, Sir Bedevere. Explain again how sheep's bladders may be employed to prevent earthquakes. The Six Characteristics of Money We are roughly a century into the grand experiment with a central bank fiat monetary world order (half a century on a pure fiat system). For...
*Huge* news if it rolls out to the public. MetaMask is free and widely used, but limited to the Ethereum blockchain (and all the Layer 2 crypto that is built upon it). If MasterCard rolls out a similar solution with Ledger, that would be even more huge as Ledger provides access to virtually every major blockchain.
Building a seemless/easy to use off-ramp for self custody solutions will ignite trade volumes in crypto.
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Bitcoin, Ethereum, Dogecoin Surge, Crypto Market Cap Hits $2.5T While MicroStrategy Loads Up On BTC: Analyst Predicts A 'Full-Blown Parabolic' Movement Could Send King Crypto Towards $170K
Major cryptocurrencies rallied on Monday evening propelled by Bitcoin’s continued ascent in the ranks of top assets by market cap. Bitcoin surpassed silver to claim the title of the world’s eighth most valuable property.
www.benzinga.com
BlackRock Files To Purchase Bitcoin ETFs for Global Allocation Fund
BlackRock has opened a new filing with the SEC to purchase more Bitcoin ETFs for its Global Allocation Fund, according to new filing records.
watcher.guru
Global Allocation Fund | MALOX | Institutional
The Fund seeks to provide high total investment return through a fully managed investment policy utilizing U.S. and foreign equity, debt and money market securities, the combination of which will be varied from time to time both with respect to types of securities and markets in response to...
www.blackrock.com
Strategic Income Opportunities Fund | BSIIX | Institutional
The BlackRock Strategic Income Opportunities Fund is a flexible bond strategy that seeks to offer investors attractive income, returns and meaningful portfolio diversification.For more information read our monthly commentary
www.blackrock.com
Assuming a 1% allocation to their BTC ETF (IBIT), if both applications get approved, that would be another $530M inflow...
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Community, comradery, geek to hero, rags to riches.........this vid has it all. Halfway through and a good vid, in my opinion. 33 mins long.
Woulda, coulda, shoulda come to mind here.
In 2013, one of the earliest Bitcoin conferences was held in San Jose, when one Bitcoin was worth $118. Now, 1 BTC goes for nearly $40,000, and the cryptocurrency industry has minted a new class of millionaires and billionaires with grand aspirations for the industry and the power it wields.
In this episode of Cryptoland, Motherboard catches up with some of the earliest investors present at the Bitcoin 2013 conference and reckons with how the cryptocurrency industry has evolved over the past decade and looks at where it's going.
Watch all 8 episodes of CRYPTOLAND here:
• CRYPTOLAND
Woulda, coulda, shoulda come to mind here.
Where Are the Earliest Bitcoin Investors Now? | CRYPTOLAND Episode 1
Mar 10, 2022In 2013, one of the earliest Bitcoin conferences was held in San Jose, when one Bitcoin was worth $118. Now, 1 BTC goes for nearly $40,000, and the cryptocurrency industry has minted a new class of millionaires and billionaires with grand aspirations for the industry and the power it wields.
In this episode of Cryptoland, Motherboard catches up with some of the earliest investors present at the Bitcoin 2013 conference and reckons with how the cryptocurrency industry has evolved over the past decade and looks at where it's going.
Watch all 8 episodes of CRYPTOLAND here:
• CRYPTOLAND
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Crypto wants to sway the Senate. It’s making headway.
Less than two years ago, politicians scrambled to distance themselves from the cryptocurrency world and its disgraced Washington ambassador Sam Bankman-Fried. Now, with SBF out of the picture and $80 million dangling from new crypto super PACs looking to reshape the Senate, candidates are jumping back on the industry’s bandwagon.
Days after the super PACs announced plans to spend on the U.S. Senate race in Maryland, two leading Democratic contenders are revealing that they’re pro-crypto.
Crypto advocacy isn’t an obvious issue for Rep. David Trone or Prince George’s County Executive Angela Alsobrooks. Neither has ever tweeted the word “crypto” or championed digital asset policy in past roles. Trone last year signed on to a letter led by Sen. Elizabeth Warren, a leading crypto critic, that pressed the Biden administration to crack down on the use of digital assets in terrorist financing.
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Blackrock (IBIT) is the largest of the spot BTC ETFs, but some have lower fees. There are also futures ETFs. If you really want an ETF, I'd make sure you get the type you want (spot actually backed by the underlying asset).
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Could you give me an opinion on this https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=FDIG
I get a lot of stuff from Fidelity and got this several days ago. I don't know much about ETFs, but this looks interesting.
I get a lot of stuff from Fidelity and got this several days ago. I don't know much about ETFs, but this looks interesting.
Solana, and to a lesser extent Avalanche, has been tearing it up over the last week whlie most other cryptos took a breather. Solana is trading at almost $200 as I type this. What a crazy run it's had since October of last year (when it was trading in the low 20s).
Some people think it could end up overtaking Ethereum eventually (they compete for the same use case / market in the crypto sphere). Solana's market cap would need to quintuple from here to get there. I wish I had bought more last year when it was sub $20.
Some people think it could end up overtaking Ethereum eventually (they compete for the same use case / market in the crypto sphere). Solana's market cap would need to quintuple from here to get there. I wish I had bought more last year when it was sub $20.
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Going to flip a coin later on today. I'm thinking that the payment platforms may be the future.
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Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April
Major cryptocurrencies rose on Sunday evening with Bitcoin encountering selling pressure following its recent all-time highs.
www.benzinga.com
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Developer Burns $10.4 Million in Solana Token Meant for Memecoin Launch
In a shocking turn of events within the cryptocurrency space, a developer has inadvertently burnt a staggering amount of Solana (SOL) tokens intended for launching a meme coin. The mishap, which resulted in the loss of 535,000 SOL, equivalent to approximately $10.4 million, underscores the risks associated with pre-sale fundraising and the volatile nature of the crypto market.Pre-sale fundraising has become a common practice in the cryptocurrency world, allowing developers to raise capital for project launches by offering early access to tokens at discounted prices.
However, recent incidents have highlighted the potential pitfalls of this approach, with some developers either absconding with the raised funds or engaging in market manipulation.
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