Investors acquired more than $241 million in U.S. bitcoin exchange-traded funds last week, marking the third consecutive week of inflows that has contributed to maintaining the price of the leading cryptocurrency during the onset of what is referred to as “Uptober.” Data indicates that capital flowed into the popular funds daily, with the exception of … Read more
The Bitcoin bulls have returned, assuming the ETF flows are credible. On Monday, U.S. bitcoin exchange-traded funds attracted $999 million in new investments, as reported by data. That represents the highest inflow in a single day since October 6, when the funds accumulated over $1.2 billion and the price of the leading cryptocurrency reached a … Read more
On Friday, Bitcoin’s price surged past $81,000, even in the face of a week filled with challenges for the cryptocurrency sector. The largest cryptocurrency was recently exchanging hands at $80,982, having peaked at $81,055 at one point on Friday morning in New York. In the last 24 hours, there has been an increase of nearly … Read more
Bitcoin is currently trading at about $78,600, stabilising below a crucial resistance range between $83,000 and $86,000. This level aligns with various metrics, including the cost basis of long-term holders, the BTC futures liquidation map, and the break-even price of institutional ETFs. However, the selling pressure within this range is significantly muted, indicating a possible … Read more
Bitcoin has made multiple attempts to decisively surpass the significant $80,000 threshold, yet the more pertinent inquiry revolves around the reasons it has not experienced a more substantial decline. After all, the macro landscape is anything but optimistic given the renewed tensions between the US and Iran, the aggressive stance of the Federal Reserve, and … Read more
Bitcoin is characterised by its seasonal downturns during the summer months. However, August presented a distinct scenario. In fact, the leading cryptocurrency experienced its third most successful August on record. As noted on Tuesday by Bitwise’s European Head of Research, André Dragosch, bitcoin achieved returns of 25% last month. “No ‘summer lull’ so far,” Dragosch … Read more
Bitcoin exchange-traded funds have maintained their positive momentum, drawing in billions of dollars in fresh investments over the last week. U.S. investors have allocated $2.56 billion since last Monday, as reported by data, contributing to an increase in the price of the leading cryptocurrency. This week, approximately $652 million in new capital has flowed into … Read more
Bitcoin price climbed above $65,000 Monday morning, caught between a sixth straight week of spot ETF outflows, a hawkish Federal Reserve debut, and a U.S.-Iran peace deal that provided a temporary boost to risk assets. The increase occurred as U.S. and Iranian officials indicated advancements in peace negotiations in Switzerland, building upon the memorandum of … Read more
The ongoing conflict involving Iran, the U.S., and Israel has resulted in oil prices soaring beyond $100 a barrel on both sides of the Atlantic, raising concerns about potential inflationary pressures on the global economy. Asian markets are experiencing a downturn, bond yields are on the rise, and bitcoin is holding steady at $67,618.05, remaining … Read more
Bitcoin soared over $73,000 this morning, reaching a one-month high as institutional demand and technical positioning supported the market amid ongoing geopolitical conflict in the Middle East. The bitcoin price has recovered from recent lows following six straight weekly losses and five consecutive months of declines. Yesterday, the Bitcoin price approached $70,000 but did not … Read more
