BlackRock Bitcoin ETF inflows surpass 'magnificent 7' stocks as trader eyes $88K

BlackRock Bitcoin ETF inflows surpass ‘magnificent 7’ stocks as trader eyes $88K

Inflows into BlackRock’s Bitcoin exchange-traded fund (ETF) have exceeded those into the “magnificent seven” stocks in 2024, putting BTC price on track for $88,000 by September. BlackRock Bitcoin ETF inflows surpass “magnificent 7” stocks BlackRocks’s iShares Bitcoin Trust ETF has accumulated nearly $19 billion of Bitcoin (BTC) year-to-date (YTD). These “baffling” inflows are greater than […]

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Why is Bitcoin price down today?

Why is Bitcoin price down today?

On July 24, Bitcoin (BTC) dropped over $1,400 within two hours, pushing its 24-hour losses to 2.1%. Mt. Gox’s ongoing repayments to creditors may have played a major role in this decline. BTC/USD hourly chart. Source: TradingView Let’s have a closer look at the factors driving Bitcoin price lower today. Mt. Gox begins 140K Bitcoin […]

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Swan Bitcoin halts IPO plans and shuts down mining operations

Swan Bitcoin halts IPO plans and shuts down mining operations

Swan Bitcoin delays IPO plans due to shutdown of its mining operations. CEO cites reduced revenue from mining as reason for halting IPO efforts. Mining sector faces challenges, with firms like Bitfarms and Northern Data adapting. Swan Bitcoin, a financial services firm specializing in Bitcoin investments, has announced a significant strategic shift. Cory Klippsten, the […]

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