Retail demand for Bitcoin is currently exceeding its supply.
New entrants to the Bitcoin market are deemed price-independent, purchasing cryptocurrencies faster than miners can produce them. According to a Bitfinex analyst, “Currently, the total balance of these cohorts is expanding at a rate of approximately 19.3k BTC per month,” as mentioned in a market report released on Monday. Small Bitcoin Investors “Relentlessly Accumulate” Analysts […]
Bitcoin retail interest is nearly nonexistent as BTC reaches new highs.
Bitcoin’s Record Highs Met with Retail Hesitation Researchers from Crypto highlight that Bitcoin has reached unprecedented levels this week, yet retail investors appear hesitant to engage in the market. Interestingly, enthusiasm for Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) has surged, with daily inflows surpassing $1 billion on Thursday and Friday—marking the first time this has […]
Bitcoin retail interest is nearly nonexistent as BTC reaches new highs
Researchers at Crypto have noted that Bitcoin has reached new all-time highs this week, but it seems retail investors are hesitant to dive into the market. On the other hand, the interest in Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) has surged, with daily inflows on Thursday and Friday surpassing $1 billion for the first time […]
Retail interest in Bitcoin remains strong as investors are flocking to spot BTC ETFs.
Key takeaways: On-chain indicators suggest retail investors are somewhat inactive, yet ETFs are seeing an increase in assets under management. A significant portion of Bitcoin ETF shares is held by retail investors, either directly or through financial advisors and hedge funds. Although the demand from individual retail investors seems dormant, it may not be entirely […]
AUD/USD stalls before Australian Retail Sales and US ADP report
AUD/USD may face resistance in the wedge as Bulls aim to sell in Australia. The US dollar is experiencing pressure ahead of Wednesday’s ADP employment report. The Australian dollar could continue to gain from the weakening US dollar, with resistance at 0.6600. The Australian Dollar (AUD) has shown stability against the US Dollar (USD) on […]
European stocks recover while attention stays on the Middle East; UK retail sales fall
Half-time report We’re witnessing some growth in this week’s final trading session. The Pan-European Stoxx 600 index was up by 0.6% at the close, with most sectors—other than oil and gas—showing positive movement, likely impacted by the intensifying conflict between Israel and Iran. Stock chart icon Stock chart icon This chart reflects the Stoxx 600 […]
GBP/USD Price Prediction: Challenges 1.3500, nine-day EMA limit before UK Retail Sales figures
GBP/USD might encounter initial resistance at the 9-day EMA of 1.3501. The 14-day relative strength index remains above 50, supporting the bullish trend. The primary support level is at the bottom of the ascending channel near 1.3410. The GBP/USD pair is moving up for the second session in a row, hovering around 1.3500 during Asian […]
May Sees Decline in Retail Sales, Yet Core Sales Surprised with Strength
US Retail Sales Decline in May Retail sales in the US dropped in May as consumers scaled back on car purchases, coupled with lower fuel prices leading to reduced costs at gas stations. Yet, when we take a closer look at the data, various core spending categories continue to show strength, illustrating the unusual dynamics […]
U.S. Dollar Strengthens Even with Poor Retail Sales Data: Insights for EUR/USD, GBP/USD, USD/CAD, USD/JPY
Recently, there have been discussions surrounding the volatility of financial markets, particularly with regard to cryptocurrencies and other high-risk financial products. Many experts agree that these instruments can be quite complex and, unfortunately, not everyone fully understands how they work. It’s essential to acknowledge that, while these investments can offer opportunities, they also carry significant […]
Retail sales drop in May due to trade conflicts
Retail sales in the U.S. dropped in May as the country continues to adjust its trade policies, impacting both consumers and businesses. According to the Commerce Department, retail and food service sales fell by 0.9% from April, totaling $715.4 billion in May. This drop was sharper than the anticipated 0.6% decline forecasted by economists. This […]