Bitcoin Crypto Signals

💰 Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin Whales Bagged $2.8B Worth of BTC in a Day: CryptoQuant Bitcoin’s recent market correction that dragged the world’s largest cryptocurrency near the low of $56,500 turned out to be a good opportunity for high-profile investors. Data shared by CryptoQuant CEO Ki Young Ju revealed that whales have accumulated a whopping 47,000 BTC – worth more than $2.8 billion in current price – over the past 24 hours alone. This shopping spree signals the beginning of “a new era” for the primary cryptocurrency, according to the exec. Source https://t.me/Bitcoin_Crypto_Signals

💰 Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto Marathon has once again set a milestone by mining the largest block ever recorded on the Bitcoin blockchain. Namely, block 841,886, showcased a manifesto of a decentralized technology initiative called Logos, featuring just four transactions with the manifesto. For their efforts, Marathon’s mining pool earned a reward of 3.16977148 BTC, including 0.04477148 BTC, or $2,654.55, collected in transaction fees. Source https://t.me/Bitcoin_Crypto_Signals

🇰🇪 Kenya's president discusses the "transformative" economic potential of collaborating with Marathon to bring 💰 Bitcoin mining to the nation https://t.me/Bitcoin_Crypto_Signals

💰 BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of institutions for several years. While becoming the biggest spot bitcoin ETF would be an impressive milestone, BlackRock says it isn’t really focused on the size competition with Grayscale’s GBTC. Source https://t.me/Bitcoin_Crypto_Signals

🥇 VanEck says about $175 billion in bitcoin held by ETFs, nations and companies VanEck said in a new report that a total of roughly $175 billion in bitcoin is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased. Hedge funds, asset management firms, and endowments are increasingly recognizing bitcoin’s potential as a store of value," VanEck said in the report. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin begins May with plunge to two-month low as crypto market sees widespread losses The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500. This decline extends the downtrend from April, marking Bitcoin’smost challengingt month since the November 2022 crash triggered by the collapse of the FTX exchange. Bitcoin’s slide mirrors a broader market trend, with major cryptocurrencies like Solana, Ethereum, Cardano, and Avalanche each seeing losses exceeding 7% during this period. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin market absorbs 1 million BTC in 5 months Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and long-term holders (LTHs). LTHs, holding Bitcoin for over 155 days, typically accumulate during bear markets and distribute during bulls. Their supply peaked at 14.9 million BTC in December 2023 before dropping to 13.9 million in April 2024. Source https://t.me/Bitcoin_Crypto_Signals

💰 MicroStrategy continues stacking Bitcoin with $1.65 billion purchase during Q1 MicroStrategy’s first quarter earnings report showed the firm bought roughly 25,250 BTC for $1.65 billion at an average price of $65,232 per BTC during the first three months of the year. With its latest purchases, MicroStrategy now holds 214,400 BTC in total — equating to roughly 1% of the total Bitcoin supply. The firm reported a downturn in revenue but continued to bolster its Bitcoin holdings, highlighting a steadfast commitment to its strategic investment in the flagship crypto. Source https://t.me/Bitcoin_Crypto_Signals

💰 MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, Founder & Chairman Michael Saylor announced today. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC. Source https://t.me/Bitcoin_Crypto_Signals