The crypto bull market is “reawakening” according to Arthur Hayes, the former CEO and co-founder of BitMEX who now runs Maelstrom. This comes after interest rate cuts announced this week by the Bank of Canada and the European Central Bank. The Bank of Canada dropped interest rates by quarter of
It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number
A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs
Bitcoin (BTC) displayed a significant pullback today, flipping its earlier gains and hardly maintaining a week-over-week increase. On Friday the cryptocurrency briefly teased an all-time high in the $71,918 range before retreating in U.S. trading, with its price standing at $68,507, down 4.74% in the past 24 hours. This decline
Yesterday was the 18th day in a row that U.S. spot bitcoin exchange-traded funds have seen net inflows, the longest run of positive flows since listing. The eleven funds received a combined net of $217.78 million, with the bulk of that sum going to the biggest spot bitcoin ETF by
Bitcoin bulls are struggling to sustain the price range between $ 69K-$71K range. The duel of bulls and bears fluctuates the BTC price but analyst predicts that sooner the asset may take up the bullish rally. The ignited record high of Bitcoin’s $94 trillion in global liquidity, that the worldwide
Amidst Bitcoin’s price surge beyond $71,000 recently, substantial inflows into the U.S.-based spot Bitcoin ETFs have restarted. Bitcoin exchange-traded funds (ETFs) saw inflows of about $500 million on Wednesday, with Fidelity’s FBTC maintaining the lead. Despite BlackRock’s long-standing dominance in spot Bitcoin ETF inflows, Fidelity’s FBTC has lately overtaken it.
In the last 24 hours, Bitcoin’s price has surged by approximately 1.9%, recently trading above $71,000 and reaching a peak of $71,735. This bullish momentum suggests that the cryptocurrency could climb even higher if BTC manages to break through the key resistance level at $72,000. Despite a significant increase on
The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports. On June 3, DMM Bitcoin reported a
Bitcoin (BTC) witnessed a notable momentum over the last month. The bull-bear confrontation made the price fluctuate within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency teased a short bullish rally to near its all-time high (ATH) facing several market obstacles. At the time of writing, BTC
