Is $100K Really That Important? 5 Key Bitcoin Insights for This Week
Bitcoin Shorts Suffer in Sub-$96,000 BTC Dip After a brief dip below $96,000, Bitcoin recovered and was back above $98,000 at the time of writing. Traders are now eyeing the $100,000 mark, with sell-side liquidity increasing. The recent dip led to $500 million in cross-crypto liquidations, with BTC briefly touching $95,800. Some traders predict a […]
Bitcoin ETFs Attract $2.4B in Inflows as Chinese ETFs Record Historic Outflows
Spot Bitcoin exchange-traded funds (ETFs) had their fourth-best week in terms of investment inflows, while China-focused ETFs faced record outflows, signaling continued optimism for Bitcoin’s global adoption. U.S.-based Bitcoin ETFs saw inflows totaling $2.42 billion during the week of November 18–22, making it their fourth-largest week of investments since their January debut, according to data […]
How Two Papa John’s Pizzas Ordered in 2010 Became a Nearly $1 Billion Error
In 2010, programmer Laszlo Hanyecz made what would become one of the most famous and costly transactions in the cryptocurrency world. He spent 10,000 Bitcoin on two Papa John’s pizzas — an order that, in today’s terms, would set him back nearly $1 billion. In a 2019 interview with CBS’ 60 Minutes, Hanyecz recalled the […]
Tether Issues Another $3 Billion in USDt Stablecoins
Tether, the issuer of the popular stablecoin USDt, minted an additional $3 billion in tokens on November 23 across the Ethereum and Tron networks. This move comes in response to a surge in trading activity, particularly in Bitcoin, as it nears the $100,000 mark. According to Arkham Intelligence data, $2 billion in USDt was minted […]