Bitcoin 'held up very well' despite biggest exchange inflow since March 2020 crash

Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year. Bitcoin (BTC) has performed "very well" as traders send more coins to exchanges than at any time since the March 2020 crash.Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on May 13.Nearly 30,000 BTC hits exchangesBitcoin saw intense pressure from sellers this week as multiple news triggers combined to turn many bearish.Tesla abandoning BTC payments, followed by rumors of an investigation of major exchange Binance by United States regulators, was enough to send BTC/USD to lows of $46,000 before stabilizing.As Cointelegraph reported, the dip could have been considerably worse, with longer-term price features providing support at crucial levels.Nonetheless, $50,000 remains out of reach at the time of writing, as hodlers lick their wounds and assess Bitcoin's likely next move.Data tracking trader behavior reveals the scale of the sell-off and likewise suggests that Bitcoin, in fact, weathered the storm rather well.Inflows to exchanges hit 30,000 BTC ($1.47 billion) on Thursday, while liquidations totalled $200 million in just one ten-minute period during the height of the price volatility.Bitcoin exchange net flows chart.

Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels

Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019.

'Unprecedented' capital inflows into Bitcoin remove 12K BTC from Coinbase in an hour

Investors mean business as current prices remain more than attractive to new buyers. Another day, another spike in Bitcoin (BTC) leaving major exchange Coinbase as funds pour into the largest cryptocurrency. Data from on-chain monitoring resource Glassnode showed 12,354 BTC ($694 million) being withdrawn from the Coinbase order book in a single hour on May 7. Coinbase sees another BTC balance squeeze As the largest exchange in the United States, Coinbase has frequently been the venue for major Bitcoin buy-ins this year. As Cointelegraph reported, sudden tranches in excess of 10,000 BTC heading to private wallets is far from unheard of, but nonetheless demonstrates a desire to at least store Bitcoin for the long term instead of keeping it within easy reach of a point of sale. Coinbase Pro Bitcoin balance chart.

Institutional managers hold a record $13.9B worth of Ethereum

Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report.

Ethereum Exchange Inflows More Concentrated, Fewer Insiders Dominate

Ethereum (ETH) not only has fewer on-chain exchange users than bitcoin (BTC), but the inflows are also more concentrated.

Institutional XRP Inflows Surge to Hit $33 Million, Almost Doubling Its AUM

Despite tumbling slightly in price, XRP's institutional inflows have been ramping up.

Institutional XRP inflows surge as AUM nearly doubles

Institutional investors have rallied around XRP and other altcoins this past week, with nearly $33 million being injected in XRP investment products. Institutional investors have rallied around XRP this past week, with the assets under management, or AUM, or XRP investment products nearly doubling. According to CoinShares’ weekly digital asset fund flows report, roughly $33 million flowed into XRP products this week, pushing the sector’s AUM up to $83 million. The report describes the week as the most bullish for institutional crypto products since early March, with $233 million injected in institutional funds. Altcoins saw renewed market action overall, with $65 million allocated to Ethereum products, while Binance Coin funds took in $3 million, Bitcoin Cash saw $4 million, Polkadot received $5 million, and Tezos attracted $7 million worth of in flows.

Why are value inflows into Tether's market important?

2021 has been a tremendously important year for the cryptocurrency market.

Polkadot, Bitcoin SV, Enjin Coin Price Analysis: 17 April

Polkadot and Enjin Coin traded within symmetrical triangles and if Bitcoin retraces below $60K before its next push, capital inflows towards these altcoins could further boost their value if a breakou The post Polkadot, Bitcoin SV, Enjin Coin Price Analysis: 17 April appeared first on AMBCrypto.

Bitcoin: Should retail traders expect a price hike?

Bitcoin's large wallet inflows signal a bullish trend reversal in the following week.

Bitcoin exchanges just saw massive Tether stablecoin deposits

Is a broader rally forming for Bitcoin as sidelined capital makes its way onto exchanges? Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode's data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC's price drop. Stablecoin deposits into exchanges.

Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds

The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year.

Institutional inflows into crypto hit lowest levels since October

Managers bought $21 million worth of digital asset investment products last week, according to Coinshares.

Crypto Inflows Decline, Bitcoin's Taproot Has A Date + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Average weekly asset inflows across all major digital asset investment product providers decreased by 70.5% since February to USD 149.6m, according to crypto market data provider CryptoCompare.

Strong fundamentals push Dent, Arweave (AR) and Enzyme (MLN) price higher

The growing need for data privacy and a renewed interest in the DeFi sector back the strong rallies seen in Dent, Arweave and Enzyme. According to a report by Coinshares, as of March 20, the weekly inflows into institutional crypto products has declined by about 59% when compared to the previous week.

Institutional managers hold a record $57B worth of crypto, according to CoinShares

Inflows into Grayscale products continue to surge, according to CoinShares data.

Weakening of Capital Inflows Cause the Price of Bitcoin to Fall

Traders tried multiple attempts to push BTC to $60,000 but were rejected and failed to stabilize this level and fell sharply yesterday, reaching a minimum of $53,715.

Institutional crypto managers report record AUM despite US inflows plummeting

Institutional inflows have declined 59% this past week, but AUM is at an all-time high.

Record-Breaking Quarter: $4.2 Billion Allocated in Crypto Assets in Q1 2021

With five crypto investment product providers having $1 billion or more in AUM, the industry has seen the largest amount of inflows in a single quarter in Q1 2021.

Bank of America claims it costs just $93 million to move Bitcoin’s price by 1%

Bank of America strategists have estimated that it takes in-flows of just $93 million to move Bitcoin’s price by one percent. The now infamous Bank of America research note slamming Bitcoin also contains research suggesting that it takes just $93 million worth of inflows to move Bitcoin’s price by one percent. “Bitcoin is extremely sensitive to increased dollar demand,” said the note authored by Bank of America strategist Francisco Blanch, featuring contributions from Philip Middleton and Savita Subramanian. The analysis found that it would take at least $2 billion worth of inflows to move the price of gold by a single percentile, while more than $2.25 billion would be needed to exert the same price impact on 20-year-plus treasury bonds.

Digital asset investment products hit record $4.2B inflows already this quarter

Bitcoin dominates but Ethereum is growing in popularity for institutional investment products.

Huge Gemini Inflows of 18K BTC: What’s Behind it and is This Why Bitcoin Dumps?

With BTC dumping to $55,000 today, two analytics companies provide their take on the massive number of bitcoins flowing into Gemini.

3 reasons Bitcoin fell 6% in 4 hours — Is the BTC price rally at risk?

Bitcoin fell by 6% in four hours due to a combination of negative on-chain and technical factors. The price of Bitcoin (BTC) abruptly fell by nearly 6% in less than four hours as the new weekly candle opened on March 15. Three factors contributed to the weakening momentum of Bitcoin, namely a new weekly open, high funding rates, and stablecoin inflows primarily driving the market upward. New weekly candle and a reset pullback When a new weekly candle opens, Bitcoin typically sees large volatility because the trend on Monday could dictate how Bitcoin might perform throughout the rest of the week. BTC/USD 1-day chart with key levels.

$60K meets whale sellers: 5 things to watch in Bitcoin this week

Inflows to exchanges spike as BTC/USD drops under $58,000 — what could happen next? Bitcoin (BTC) begins a new week riding high near record price levels — can it sustain the gains much longer? After a roaring weekend, the largest cryptocurrency is seeing mixed results prior to Monday’s Wall Street open.

Bitcoin price dips below $60K — But here's why a bigger rally may be brewing

Bitcoin dropped below $60,000 on Sunday after new all-time highs, but stablecoin inflows show this is not a big concern. Bitcoin (BTC) pared some gains, dipping below $60,000 on March 14, a day after setting a new all-time high of $61,950 on Binance.

Why March 2021 may see Bitcoin register yet another pullback

In the current Bitcoin price rally, it is a widely known opinion that miner inflows to spot exchanges have led to a drop in the cryptocurrency's price.

Saylor Sees Bitcoin Regulation as Greenlight For More Institution Inflows

MicroStrategy CEO Michael Saylor isn’t concerned with the prospect of stricter Bitcoin regulations.

Exchanges Inflows Spiked 1,000% Right Before the Bitcoin Plunge to $45,000

Bitcoin's massive $13,000 drop could have been expected to some extent as exchanges experienced an 11x surge in BTC deposits just before the peak.

Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally well in 2021 as increases in trading volumes results in a larger pool of fees to collect when the exchange’s native token is used for settlement.

Bitcoin whale clusters pinpoint $44,214 as the key near-term price level

Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend. As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance. Why is this level important for more BTC upside?  Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move them. These levels often act as support or resistance levels because whales are more likely to buy more BTC at the level they are holding from or sell at breakeven. Bitcoin whale inflows.

ETH represented 80% of last week's institutional crypto inflows

Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows.

Bloomberg Startegists Bullish on Bitcoin in a Favorable Comparison Against Gold

By following the outflows towards gold-tracking ETFs and the massive inflows towards GBTC, Bloomberg strategists suggested more gains for bitcoin.

Grayscale Ethereum Inflows Up Again, Firm Calls ETH Valuation Methods 'Opaque'

Source: iStock/Ivan-balvan Major US-based crypto investment company Grayscale's ethereum (ETH) inflows increased yesterday, while the firm claims the methodology for valuing this asset "is opaque and changing." Grayscale Ethereum Trust (GETH) got 'fatter' by another batch of the world's second coin by market capitalization on February 3, adding ETH 47,000 (USD 77m) - making it the

Blockchain Bites: MicroStrategy’s Macro Strategy for Bitcoin Treasuries

Bitcoin is being hoovered up faster than it's mined, as Guggenheim predicts increased institutional inflows and Ruffer takes profits.

Grayscale Ethereum Inflows Surpassed BTC Inflows Yesterday As CME Futures Near

Major US-based crypto investment company Grayscale saw yesterday ethereum (ETH) inflows surpass those of bitcoin (BTC).

US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run

With Coinbase firmly within the top 500 US websites by popularity, it seems that all publicity is good publicity as mainstream consumers come on board. Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market.  Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most popular websites around the world. Coinbase in top 400 US sites As BTC/USD circles all-time highs, its run to $42,000 in January appears to have sparked a tsunami of new user engagement with some of the most popular cryptocurrency trading platforms. In the US, the focal point of institutional inflows into Bitcoin in recent months, exchanges Gemini, Kraken and Binance US are all part of the top 10,000 global sites.  While Binance just beats Coinbase in terms of worldwide visits, the latter reigns supreme among its domestic market, ranking 386th among US internet users.

Grayscale may jumpstart the next phase of the Bitcoin bull run tomorrow

A release of funds from lock-up traditionally heralds the start of price upside and ends consolidatory phases, data shows. Bitcoin (BTC) may have traded sideways for much of last month thanks to Grayscale, but the status quo will soon change. According to data from on-chain analytics resource CryptoQuant, the price premium of the Grayscale Bitcoin Trust (GBTC) just hit its lowest since April 2019. Grayscale lock-up ends Wednesday Grayscale has made the headlines frequently this year thanks to record BTC purchases and record demand, but despite the inflows, BTC/USD has not continued to gain. As February begins, the Trust’s purchase premium is at around $6.50, having previously been as high as $40 over the course of its existence.

Bitcoin Inflows in Past 30 Days Exceed BTC’s Total Market Cap in 2017 and 2019, Says Report

The total amount of capital inflows into bitcoin during the 30 days to Jan.

DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher

Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market. A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021.

Bitcoin Investment Fund Inflows Hit New Highs: CoinShares

Investors put a record $1.3 billion in cryptocurrency funds last week, says the asset management firm.

Bitcoin made up 97% of total crypto inflows in 2021

Bitcoin trading volumes surged significantly this year, jumping from an average of $2 billion in 2020 to $12 billion. Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan.

Price analysis 1/25: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM

Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum. After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000.

Decreasing Grayscale Bitcoin Trust Inflows Stop BTC Price From ATH Recovery: JPM Analysts

According to JPM analysts, the decreasing inflows in Grayscale's Bitcoin Trust prevent the cryptocurrency from recovering to its all-time high value.

Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K

A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000. Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy.  Data from Cointelegraph Markets and TradingView shows the strong inflows have helped lift BTC 4.92% to a daily high at $33,866.

Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions

Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as the ones responsible […]

Litecoin (LTC) Price Analysis: January 19, 2021

This piece analyzes Litecoin's price in the current market realities and inflows by retail institutional and retail investors.

Watch Grayscale Bitcoin Inflows for the USD 40K Breakout Signs - JPMorgan

As bitcoin (BTC) is now seemingly stuck in a range, it could both fall further or push through the USD 40,000 level again - with Grayscale Bitcoin Trust (GBTC) possibly being a determining factor. After hitting a new all-time high of USD 42,000 in early January, last week, bitcoin dropped to almost USD 30,000 before moving back to USD 40,000 and then correcting lower again,

Institutional Investors Bought $2.8 Billion in Bitcoin Through Grayscale In Q4 2020

Nearly 60% of the yearly inflows into Grayscale products came during the last quarter and the Bitcoin Trust accumulated the most inflows.

Price analysis 1/15: BTC, ETH, XRP, DOT, ADA, LTC, BCH, LINK, XLM, BNB

Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000. Grayscale products witnessed $3.3 billion in inflows in the fourth quarter of 2020, a large jump over the $1.05 billion seen in the preceding quarter.

Bitcoin Institutional Inflows Are Rising as Grayscale Bitcoin Portfolio Now Estimated to be Worth $23.69 Billion

Bybt crypto trading platform has disclosed that Bitcoin institutional inflows are not showing any signs of slowing.

Grayscale Ends Quarter with Record-Breaking Inflows of $5.7 Billion as Demand for Crypto Goes Up

Grayscale Investments has released their quarterly report assessing the last months of 2020.

Grayscale inflows hit $3.3B in record-breaking fourth quarter

Average weekly inflows into Grayscale’s products hit $250.7 million in the fourth quarter, capping off a stellar year for the asset manager.

Bitcoin Just Reached this “Key Zone” — Here’s What Analysts Say Comes Next

Bitcoin’s price has been on a roller coaster of a ride throughout the past couple of weeks After rejecting above $40,000, the cryptocurrency faced massive inflows of selling pressure that sent it reeling down to lows of $30,000 The support here proved to be significant and helped the cryptocurrency see further momentum One trader is […]

Grayscale’s Crypto Products Raised Over $3B Last Quarter, the Most Ever

Grayscale's popular bitcoin trust once again led the pack with over $200 million in inflows every week.

Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?

Stablecoin inflows into exchanges spiked right as the price of Bitcoin recovered above $38,000, on-chain data shows. The price of Bitcoin (BTC) has extended its recovery on Jan.

Ethereum is Struggling to Hold This Crucial Level Following Recent Rebound

Ethereum has been closely tracking Bitcoin’s price action throughout the past few days, which has caused it to bear witness to immense volatility The cryptocurrency’s price rocketed up to highs of $1,400 last week before facing intense inflows of selling pressure that sent it to $900 It has since recovered from this decline, and it […]

Profit taking? Institutional crypto fund inflows drop 97% in three weeks

CoinShares has reported “evidence of potential profit taking” among institutional investors, as weekly crypto fund inflows drop 97% in less than one month. Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan.

Fund manager Bitwise surpasses $500 million in Bitcoin, Ethereum and other crypto AUM

Crypto fund manager Bitwise surpassed $500 million in assets under management (AUM) and recorded Q4 inflows into its Bitcoin, Ethereum, and crypto index funds, outpacing previous quarters.  On 28 The post Fund manager Bitwise surpasses $500 million in Bitcoin, Ethereum and other crypto AUM appeared first on AMBCrypto.

Bitwise AUM surpasses $500 million as institutions flock to crypto

The fund manager’s inflows suggest investors are seeking broad exposure to cryptocurrencies, including Bitcoin and Ether.

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value.