Even though U.S. Spot Bitcoin ETFs have had upward momentum for four days in a row, the price of Bitcoin is struggling around the $61,000 mark. It is worth mentioning that several market experts have pointed to the recent lackluster trading activity of the U.S. Spot Bitcoin ETF as a
As 2024 draws closer, the cryptocurrency market buzzes with activity, highlighting three major players: Axie Infinity (AXS), rebounding impressively with prices climbing from $13 to $15, the newly introduced Spot Ether ETFs poised to heighten market volatility, and BlockDAG’s significant $2 million giveaway. In contrast to the fluctuating AXS prices
Net inflows of $11.80 million were recorded by the eleven spot bitcoin ETFs in the US on Thursday, extending the positive run to three consecutive days. The pace has decreased since Tuesday’s net inflows of $31 million, but the inflows have persisted. SosoValue data shows that Bitwise’s BITB received $8
In the ever-changing world of cryptocurrencies and blockchain, staying ahead requires more than intuition; it demands data-driven strategies. In an insightful interview with Navin Gupta, the CEO of Crystal Intelligence, we delve into the future of crypto, dissecting trends, regulations, and the pivotal role of analytics. Navin begins by explaining
On Tuesday, spot bitcoin exchange-traded funds in the US recorded net inflows, bringing in $31 million. This comes after eleven bitcoin funds saw net withdrawals for seven trading days in a row. SoSoValue data shows that on Tuesday, $49 million came into Fidelity’s FBTC, with Bitwise’s BITB following with $15
Major withdrawals have been seen in the US spot Bitcoin ETFs for seven consecutive days, coinciding with the Bitcoin (BTC) price’s continued decline. No Bitcoin exchange-traded fund (ETF) saw any form of inflow on Monday, June 24, contributing to a total outflow of $174.5 million across all ETFs. Withdrawals from
Amid heavy withdrawals from the U.S. Spot Bitcoin ETFs, the cryptocurrency’s price has remained low throughout the week. Concerns over Bitcoin’s near-term performance were sparked by statistics from Farside Investors, which showed that these ETFs saw a total outflow of $545 million this week. Also, the stock market was closed
Recent developments see Cardano enhancing its scalability and governance to spark a substantial rally, while Ethereum ETFs are likely to be approved by September, enhancing market access. Amid these scenarios, BlockDAG (BDAG) captivates investors with a $2 million prize and prominent exposure in global landmarks like Tokyo’s Shibuya Crossing and
ETFSwap (ETFS) recently went viral across TikTok, Twitter, and Reddit as more investors troop into multiple crypto communities in the ecosystem. The #ETFS and #ETFSwap hashtags have gathered over 200 million views on TikTok in the last few weeks. Crypto communities on Twitter and Reddit have also been in a
On Thursday, $139.88 million left U.S.-based spot bitcoin exchange-traded funds, marking the fifth day in a row of net withdrawals. Yesterday, according to statistics from SoSoValue, the top two funds in terms of daily net outflow were GBTC (Grayscale) and FBTC (Fidelity). With GBTC posting $53 million and FBTC $51
