Bitcoin is experiencing one of its most successful quarters to date – further evidence that the leading cryptocurrency is in a bull market. As highlighted by The Kobeissi Letter this week, the price of bitcoin has increased by nearly 30% since August 19, coinciding with the U.S. Treasury’s announcement regarding plans to significantly expand its … Read more
It was difficult to envision following the conclusion of June and the substantial outflows documented during the initial half of the year, yet the spot BTC ETFs have successfully reversed the trend and are currently showing positive performance year-to-date. The spot Ethereum ETFs have recovered from last week’s losses, with cumulative net inflows rising to … Read more
Bitcoin ETF outflows are diminishing, according to a recent tweet from Galaxy Research. This is substantiated by Galaxy Research’s US spot ETF net flows (30-day rolling) and cumulative total indicator, which experienced a reversal after a significant decline into negative territory. The receding of Bitcoin ETF outflows is also substantiated by the ‘Bitcoin ETF flows … Read more
The last month has been challenging for bitcoin BTC $66,566.18 traders, with prices fluctuating in response to President Donald Trump’s indecisive remarks regarding Iran. One day he advocates for peace, causing bitcoin and risk assets to surge while oil prices decline; the following day, he adopts a hawkish stance, leading to a drop in bitcoin … Read more
On Yesterday, Bitcoin’s price dipped below $66,500, marking its lowest point in over two weeks. This decline was driven by a surge in long liquidations coupled with increasing macroeconomic pressures impacting the crypto market. According to data, nearly $300 million in long positions were liquidated over the past 24 hours, while short liquidations amounted to … Read more
