BlackRock’s spot bitcoin ETF IBIT sees record outflows Market Correction Causes $418.1 Million Worth of Net Outflows Earlier this week, BlackRock’s spot bitcoin ETF IBIT experienced a significant downturn with a record $418.1 million worth of net outflows. This massive outflow of funds came as a result of an apparent
Ethereum’s upcoming Pectra upgrade faces unexpected challenge Testing on the Holesky testnet disrupted by incorrect deposit contract addresses On February 24, Ethereum’s highly anticipated Pectra upgrade encountered an unforeseen obstacle during testing on the Holesky testnet. The issue was described by Tim Beiko, Ethereum Foundation Protocol Support Lead, on February
The Impact of Institutional Investors on Long-Term Bitcoin Holders The Blessing and Curse of Institutional Investors The arrival of institutional investors has been a hot topic in the world of Bitcoin trading. For long-term Bitcoin holders, this development has brought both benefits and challenges. While the influx of institutional money
Ripple CLO Speaks Out on Meme Coin Classification by SEC Stuart Alderoty Breaks Silence on SEC’s Categorization Ripple’s Chief Legal Officer, Stuart Alderoty, has recently made headlines by sharing his thoughts on the latest actions taken by the United States Securities and Exchange Commission (SEC) regarding meme coins. In a
The True Story Behind the Volatility of Bitcoin and Other Cryptocurrencies Understanding the Volatility Bitcoin and other prominent cryptocurrencies are often called “volatile investments.” This is true, but it also tells a very incomplete version of the story that is taking place. The volatility of cryptocurrencies stems from a variety
LTC Price Plummets: What Does This Mean for Investors? Market Volatility Strikes Again Litecoin (LTC) has taken a major hit in the past 24 hours, dropping by 7.4% as the market’s selling spree continues. This downward spiral comes on the heels of a similar trend that began after the close
Bitcoin: A Rollercoaster Ride of Price Volatility The Recent Downturn Bitcoin, the renowned cryptocurrency that has been making headlines for its unprecedented growth over the past year, is now experiencing a severe downturn. Just a few days ago, it was trading above $96,000, but today it slipped below $80,000 for
The Bitcoin Market: Noise, Fear, and Potential Value The current state of the Bitcoin market The Bitcoin market has always been filled with noise and fear. With its volatile nature and unpredictable price fluctuations, it is no wonder that investors and traders alike are constantly on edge. However, despite the
Bitcoin Price Relief Accompanies Positive Economic Data The Recent PCE Index Release Bitcoin investors have been closely monitoring the recent release of the Personal Consumption Expenditures (PCE) index, as it has a significant impact on the overall economic outlook. The PCE index measures the price changes of goods and services
The Sri Lankan economy is experiencing a notable shift, as revealed by the latest Balance of Trade data for February 2025. The deficit has decreased from -822.7 million to -732.7 million, outperforming the forecasted -900 million. This improvement, although with a low impact, signals key implications for both the local
Introduction Canada has astonishingly shifted its budgetary position to a surplus of CAD 1 billion in February 2025, a stark contrast to the previously recorded deficit of CAD 8.21 billion and a significant deviation from the forecasted CAD 6 billion deficit. This remarkable shift represents a noteworthy change of CAD
Hayes’ Prediction for Bitcoin’s Potential Decline The Forecast Hayes believes BTC could record more declines over the weekend before finally consolidating. This prediction comes as no surprise to many in the cryptocurrency community, as Bitcoin has been experiencing volatility in recent weeks. Analyzing the Market Bitcoin’s price has been fluctuating
The Ethereum Foundation Announces Resolution of Issues with Pectra System Contracts Audit The Ethereum Foundation recently announced that the audit of the Pectra system contracts has been completed, and all identified issues have been resolved. This news comes as a relief to the Ethereum community, as the Pectra system is
Introduction Amid a rising tide of economic uncertainties, Colombia’s latest unemployment figures have emerged as a significant touchstone for both domestic and international stakeholders. According to the data released at 15:30 on February 28, 2025, Colombia’s unemployment rate has soared to 11.6%, marking a 27.473% increase from the previous rate
The Current State of the Cryptocurrency Market Setting New Local Lows The market keeps setting new local lows, according to CoinMarketCap. This trend has left many investors feeling uncertain about the future of cryptocurrency. With prices continuing to decrease, it can be challenging to remain optimistic about the market’s potential
TRUMP’s Trade War Takes a Toll U.S. President Faces Double Digit Hit As tensions continue to escalate in the global trade arena, President Trump finds himself at the center of a storm. His aggressive tactics and imposition of tariffs on various countries have not gone unnoticed, and the repercussions are
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