Altcoin News Official TheBitTimes.com

IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7 Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million. The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House. BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of it...

Tether has released its most recent attestation, which claims record profits of $5.2 billion for the first half of 2024. However, a close review of the attestations shows that Tether ’s purchases of bitcoin seem to have been paused . For context, in May 2023, Tether announced its intention to “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.” It further noted that these investments would “not exceed the Shareholder Capital Cushion” which has reached a total of almost $12 billion, however, the total amount of bitcoin on hand is less than $5 billion. Closely reviewing the attestations seems to suggest that Tether has not increased its quantity of bitcoin since its last attestation three months ago, despite these record profits .  This can be further confirmed by checking bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4, the address that The Block has previously identified as where Tether w...

Interest in the term “onchain” surged to an all-time high, according to Google Trends data. This spike underscores the growing engagement and curiosity surrounding blockchain and cryptocurrency developments. Over the past five years, global search interest in “onchain” has mostly remained under 25 on a scale of 100, with a brief peak of around 30 in March.  However, between May 26 and June 1, search interest skyrocketed to 100, marking a record high. This represents the highest level of interest ever record ed by Google for the term. Picks for you Dogecoin price prediction as whales add 1 billion DOGE in a week 13 mins ago China buys up Gold as it dumps U.S. treasuries 35 mins ago ...

Someone has been accumulating BTC throughout the 2022 Bitcoin bear market, and the trend shows no sign of reversing. Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. "HODL-only" BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no doubt over their BTC investment strategy. According to Glassnode, Bitcoin accumulation addresses are more numerous than ever before, while the BTC balance they contain is almost at a record high. “Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds,” the firm’s description explains. Glassnode adds that exchange wallets and those belonging to miners are excluded from the tally, as are addresses last acti...