Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

News

Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Bitcoin's price shows 'no clear direction' amid active address decline
Bitcoin's price shows 'no clear direction' amid active address decline

Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst.

Cointelegraph·2024/09/04 06:03
US spot bitcoin ETFs see $287 million in net outflows, largest negative flows since May
US spot bitcoin ETFs see $287 million in net outflows, largest negative flows since May

On Tuesday, spot bitcoin ETFs in the U.S. recorded $287.78 million in net outflows.Bitcoin traded down 3.93% over the past 24 hours at $56,680 at the time of writing.

The Block·2024/09/04 05:33
Bitcoin and Altcoins Are Falling Again! Why Did BTC Fall? Is the Reason for the Fall Known? Here is the Answer!
Bitcoin and Altcoins Are Falling Again! Why Did BTC Fall? Is the Reason for the Fall Known? Here is the Answer!

The DOJ's move against Nvidia caused a drop in NVDA stock, the Nasdaq market, and the Bitcoin and crypto markets.

Bitcoinsistemi·2024/09/04 05:18
Flash
  • 07:16
    Data: USDC Circulation Increased by Approximately 800 Million in the Past 7 Days
    According to ChainCatcher, based on official data, within the 7 days ending May 22, Circle issued approximately 4.3 billion USDC and redeemed about 3.5 billion USDC, resulting in a net increase of around 800 million USDC in circulation. The total circulation of USDC is 61.3 billion, with reserves of approximately 61.5 billion USD, including about 8.1 billion USD in cash, and the Circle Reserve Fund holds approximately 53.5 billion USD.
  • 06:14
    ai16z Founder Shaw Bought 6.7 Million FARM2 Tokens 2 Hours Ago
    According to on-chain data, the address starting with DScqt, belonging to ai16z founder Shaw, made three transactions totaling $3,432 to purchase 6.7 million FARM2 tokens two hours ago, causing the token to temporarily surge by over 50%. The market value is currently reported at $528,000. Shaw confirmed this purchase on his personal social media. It is reported that Farm2 is a token deployed by Shaw under his real name, and he tweeted on May 22nd that he would help build the FARM2 community.
  • 05:13
    Data: Whale James Wynn Releases Account Data: Total Profit of $50 Million, Maximum Drawdown Reaches 84.34%
    ChainCatcher reports that whale James Wynn posted data on social media showing a loss of $36.19 million in his HyperLiquid account within 24 hours, with a maximum drawdown of 55.45%. However, according to other overall data released by James Wynn, his account is still overall profitable with $50.07 million, with a maximum drawdown of 84.34%. The cumulative trading volume reached $7.958 billion.
News