BlackRock's Bitcoin ETF sees 6th ever outflow on US election day – Cointelegraph
BlackRock’s Spot Bitcoin exchange-traded fund (ETF) has recorded its sixth day of net outflows since its inception in January. Institutional investors appear to have gone risk-off on US election day, as $44.2 million was leaked from the iShares Bitcoin Trust (IBIT) on November 5th. According to Go to the coin glass. But it was only […]
Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash – Cointelegraph
MicroStrategy founder Michael Saylor has retracted his comments that big banks should control Bitcoin after intense backlash from the crypto community. “I support voluntary custody for those who are willing and able, the right to voluntary custody for all, and the freedom of individuals and institutions around the world to choose their custody and guardianship.” […]
Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC – Cointelegraph
Bitcoin (BTC) price is currently showing a 3% decline after a strong weekly performance last week. In addition to this, Bitcoin's daily chart is hinting at a historical bearish pattern, raising concerns that this could test the $60,000 level again. Bitcoin forms a bearish engulfing candlestick every day Bitcoin’s 2.4% decline on October 21st formed […]
Crypto academics slam controversial ECB paper blasting Bitcoin – Cointelegraph
A controversial European Central Bank paper released earlier this month came close to calling Bitcoin a pyramid scheme, only to be slammed in a lengthy rebuttal by a group of crypto scholars. The ECB paper “portrays Bitcoin's volatility, lack of productive contribution, and concentration of wealth as serious flaws,” wrote Murray Rudd of the Bitcoin […]
European investors pour record $105B into US Bitcoin ETFs – Cointelegraph
European investors have allocated record amounts of money to US spot Bitcoin exchange traded funds (ETFs). Europeans have invested more than $105 billion (year-to-date) into Bitcoin (BTC) ETFs, setting a new record high. The European ETF flow record was shared by Eric Balciunas, senior ETF analyst at Bloomberg. I wrote In the October 21st X […]
$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment – Cointelegraph
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest single-day inflows in more than 120 days on October 14th. More than $500 million was poured into the fund, sending Bitcoin (BTC) price above $67,800, its highest level in more than three months. ETF Store President Nate Geraci explained The event was a landmark day for […]
Bitcoin risks 'exit pump' on 3-month DXY highs as BTC price hits $68K – Cointelegraph
Bitcoin (BTC) orbited $68,000 on October 16, after hitting an 11-week high on Wall Street's open market. BTC/USD 1 hour chart. Source: TradingView BTC price hovers near 11-week high Cointelegraph Markets Pro and TradingView It signaled a resumption of the BTC price rally as the bulls moved above the previous day’s leverage-driven “fakeout” peak. The […]
First major step taken toward XRP ETFs: CME director – Cointelegraph
With the launch of the first crypto-based exchange-traded fund (ETF) in the United States, investors are now looking forward to the next digital asset trading product. When asked about the possibility of an XRP (XRP) ETF, CME Group Senior Managing Director Tim McCourt said the first big steps have been taken. In a panel discussion […]
Andre Cronje critiques appchains: High costs and liquidity challenges – Cointelegraph
Andre Cronje, co-founder of Sonic Labs, criticizes Layer 2 (L2) app chains, arguing that they are impractical for builders. In a post by X on October 13th, Cronje raised Concerns about high infrastructure costs, fragmented liquidity, and lack of support for developers. He suggested that these challenges are hindering widespread adoption of app chains. AppChain […]
BTC price eyes sub-$65K hurdles as metric hints Bitcoin 'going to rip' – Cointelegraph
Bitcoin (BTC) rose to a multi-day high on October 12 as the market mimicked last weekend's dubious rally. BTC/USD 1 hour chart. Source: TradingView BTC price strengthens resistance below key barrier Cointelegraph Markets Pro and TradingView BTC price trend was up 1.5% on the day and near $63,500. This was a similar move to the […]