Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out of crypto, reported blockchain analytics platform Santiment on Wednesday. They added that ETF inflows ignited spot markets, which followed suit. However, this is usually the other way around as ETFs lag spot market moves. “Previous crypto rallies were boosted […]
Following a phase of consistent flows into spot Ethereum exchange-traded funds (ETFs), investors are taking a break. This cool-off period comes as ether (ETH) hovers about 15% from its recent all-time high (ATH), and BTC remains range-bound between $108,000 and $113,000. Analysts at the cryptocurrency exchange Bitfinex revealed that Ethereum ETFs have just recorded their […]
Tether CEO Paolo Ardoino has publicly addressed and dismissed circulating claims that the firm sold Bitcoin for gold. The controversy erupted on September 6, after YouTuber Clive Thompson suggested that Tether had quietly altered its investment strategy. Citing the company’s statements of assets, Thompson alleged that the firm had sold over $1 billion worth of […]
Bitcoin is stabilizing around $110K after a corrective phase, with price action showing early signs of consolidation. While the market is holding key support zones, momentum remains muted, and sentiment indicators like exchange reserves are pointing to long-term accumulation. By Shayan The Daily Chart On the daily timeframe, BTC has broken below its ascending channel […]
After a gradual increase to over $113,000 yesterday, bitcoin’s price faced immediate selling pressure and was pushed south by a few grand before it settled at around $111,000. Most larger-cap alts have failed to post any significant gains, aside from HYPE, which has jumped to over $47, and ENA, which has risen by 13%. BTC […]
The Trump family-owned American Bitcoin began trading on the Nasdaq under the ticker symbol ‘ABTC’ on Tuesday following the completion of its stock merger with Gryphon Digital Mining. The firm is a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, according to the announcement. Shares in the Trump-backed Bitcoin venture surged as much […]
Bitcoin (BTC) has been in a corrective phase for roughly three weeks amid declining demand and rising selling pressure. Although September has historically been a weak month for the digital asset, analysts believe the market could hit its bottom for this downturn as the month progresses. A weekly report by the crypto exchange Bitfinex revealed […]
Only around 9% of the Bitcoin supply is currently in the red, carrying up to 10% unrealized losses, according to Glassnode. Comparatively, the local bottom of this cycle saw more than 25% of supply at up to 23% losses, the analysts noted. BTC fell to around $75,000 on April 9 in a correction that took […]
According to historical patterns, Bitcoin sets its monthly high or low within the first 12 days of the month more than 80% of the time. “It’s been a good strategy to wait out the first few days of the month, as it generally sees choppy price action with a lot of shakeouts,” said full-time trader […]
Bitcoin’s recent rally has seemingly slammed into a wall, with the asset dropping over 6% this week to hover near $108,500. The slide has the market asking one question: Is the bull run finally over? And one prominent analyst is sounding the alarm with a grim forecast. Bearish Breakdown On August 29, crypto commentator Klarck […]