Bitcoin’s risk profile is on the rise as institutional selling picks up pace, with crypto analytics platform Swissblock highlighting a “high-risk” environment stemming from ETF outflows and geopolitical instability. As of May 26, Bitcoin is trading at $76,683, reflecting a decrease of 0.79% in the last 24 hours, as reported. Swissblock’s Bitcoin risk index currently … Read more
Bitcoin surged beyond the $78,000 threshold for the first time since February 4, as market sentiment shifted favorably following Iran’s declaration that the Strait of Hormuz is now “completely open,” at least during the ongoing ceasefire. Data reveals that the cryptocurrency not only hit the threshold but surged to an intraday high of $78,348. Despite … Read more
Recent data indicates that Bitcoin spot exchange-traded funds have experienced negative monthly average netflows for the majority of the past 90 days. On-chain analytics firm has pointed out in a recent post on X that the 30-day simple moving average netflows for both Bitcoin and Ethereum spot ETFs remain in the negative territory. Spot ETFs … Read more