Tag: BTC

  • $1 Billion Bitcoin Accumulated in 24 Hours Despite Profit Slump

    $1 Billion Bitcoin Accumulated in 24 Hours Despite Profit Slump

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    by

    Yashika Gupta

    Bitcoin’s market is facing a test of resilience as profits fall to a two-month low, yet investors continue to buy in large volumes. On-chain data reveals that nearly $1 billion worth of Bitcoin was accumulated in just 24 hours, suggesting strong confidence in the long-term outlook despite ongoing volatility. Profits Slide to a Two-Month Low…

  • Institutions Drive 75% of Coinbase BTC Volume as Rate Cuts Loom

    Institutions Drive 75% of Coinbase BTC Volume as Rate Cuts Loom

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    by

    Oscar

    Bitcoin (BTC) could be gearing up for a rally within the next week as institutional buyers dominate trading activity on US exchange Coinbase.According to Charles Edwards, founder of digital asset investment firm Capriole Investments, institutional players accounted for 75% of Coinbase’s trading volume on Tuesday. Historical data from Capriole indicates that every time institutional share…

  • Canaan’s Mining Revenue Soars 312% as BTC Holdings Climb

    Canaan’s Mining Revenue Soars 312% as BTC Holdings Climb

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    by

    Oscar

    Canaan Inc., a leading crypto mining hardware manufacturer, has posted an impressive 2024 performance, reporting $269.3 million in total revenue and a 312% surge in bitcoin mining income. The company is also boosting its North American presence, with plans to significantly increase its mining capacity in the coming months. Strong Revenue Growth and BTC Reserves…