Crypto News
Ether is Now the Largest Institutional Crypto Asset: Bybit Research
Ether is now the largest single asset held by institutions, with Bybit speculating that this may be because of an upward swing from the Dencun upgrade.Source link
Bitcoin Breaks $54,000 Barrier for First Time Since 2021, Eyes Historic Highs Ahead of Halving Event
The price of bitcoin has risen past the $54,000 threshold, now hovering at $54,446 per unit as of Monday, Feb. 26, 2024, at 2:37 p.m. Eastern Time (ET). This leading crypto asset has witnessed a growth of 4.5% in the last six hours, and over the previous month, bitcoin’s value has soared by 28.3% againstSource link
Bitcoin Funds Gain $600M as ETFs Remain Hot Despite Slight Slowdown
Crypto funds like the new Bitcoin ETFs continue to receive inflows—but at a slower rate than the torrent seen earlier this month.Source link
Potential Reprieve for Bitcoin Miners With Upcoming Difficulty Adjustment Following Record Hike
Bitcoin miners are set for a potential reprieve in three days, with the difficulty anticipated to decrease on Feb. 29. This follows the year’s most significant difficulty escalation of 8.24%, which occurred on Feb. 15. The upcoming adjustment is predicted to record a reduction of 2.5% to 3%, as block time intervals extend beyond theSource link
Bitcoin ETF High Volume Doesn’t Always Mean Heavy Buying: NYDIG
The "turnover ratio" offers an indication of the proportion of a fund's assets traded each day.Source link