As Asia’s largest ETF investor increases BlackRock holdings, the Bitcoin price breaks $104,000; positive momentum suggests a $120,000 breakout possibility. As Asia’s largest ETF investor invested $691 million in BlackRock’s Bitcoin fund on Friday, the price of bitcoin surged past $104,000, bolstering institutional confidence worldwide. Could Bitcoin surpass $120,000 in the coming weeks due to...

Today marks the expiration of more than $3.3 billion of Ethereum (ETH) and Bitcoin (BTC) options. It follows colder PPI (Producer Price Index) and lower-than-expected US CPI (Consumer Price Index) statistics. What effects will today’s expiring options have on the pricing of these digital assets and the volatility of the larger cryptocurrency market? Over $3...

Metaplanet’s first quarter FY2025 profits have been made public. The company’s overall sales increased by 8% from quarter to quarter to ¥877 million (~$6.0 million). Bitcoin (BTC) option premium harvesting generated ¥770 million (~$5.2 million), or 88% of the total earnings. The hotel operations division accounted for the remaining ¥104 million (~$712,200), highlighting a substantial...

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With $13.5 million in inflows, spot Ethereum ETFs saw a notable increase, as Abraxas Capital acquired $500 million worth of ETH in a week. As the price of Ethereum continues to show tremendous momentum, with another 9% gain in the previous day, Ethereum ETF inflows have increased once more. Furthermore, Abraxas Capital’s purchase of more...

Despite smaller investors profiting from macro tailwinds, Bitcoin may aim for the $110,000 level as major holders increase their holdings. According to a May 13 post on X by Santiment, wallets that contain between 10 and 10,000 Bitcoin (BTC), often known as whales and sharks, have accumulated more than 83,000 BTC in the past 30...