Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow
There was no relief in sight for the wider crypto market during the past weekend. The price of Bitcoin saw a further 2.2% decline, dropping below $62,500. At the time of writing, the Bitcoin price managed to climb above the $62,500 threshold and is now trading at $62,983. Similar is
As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like
Bitcoin experienced a downward trend, hitting a 10-day low of $62,230.51, with trading volume increasing by 10% to $19 billion. Over the past week, it faced a 6% decrease in price, struggling to surpass the $64,000 mark. This lackluster performance coincided with a slight drop in Social Volume, indicating waning
Net flows for Bitcoin Spot ETFs in the US showed significant volatility for the week ending April 26, 2024. Additionally, when they lost momentum, these ETFs had a huge $328 million net outflow for the week. In addition, the Bitcoin price fell just before this outflow spiked, which may have
Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the
In the crypto landscape of 2024, BlockDAG emerges as the premier investment choice among the top 10 cryptocurrencies, surpassing established giants like Bitcoin, Ethereum, and Binance Coin. This is attributed to its groundbreaking technology and substantial $30 presale success, drawing significant investor interest while luring in investors with 30,000x ROI.
The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,
Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations. A press statement
Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated
