Crypto investment products recorded inflows for the fifth consecutive week, adding $117.8 million last week, led by Bitcoin which reached its highest daily close since January by surpassing $81,000. Institutional demand remains strong for Bitcoin, which dominated fund allocations and sustained its price rally for over four weeks. Meanwhile, Ethereum saw outflows and lagged behind Bitcoin, with its price near $2,385 and a declining ETH/BTC ratio, indicating a preference for Bitcoin among investors. This trend highlights Bitcoin's continued market dominance amid a broader crypto recovery.
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
Flare Networks CEO Hugo Philion announced plans to extend the FAssets system, currently supporting XRP, to Bitcoin through a wrapped FBTC token. This move aims to attract institutional investors by using confidential computing technology to keep larg...
Ethereum (ETH) is trading around $1,881 after a recent 4.24% drop, maintaining demand despite short-term pullback. It faces critical support between $1,850-$1,870 and resistance near $1,900-$2,000, with whale traders split between longs and shorts, i...
Institutional investors are increasingly allocating capital to Ethereum (ETH) spot ETFs, with recent inflows totaling around $96 million over three days and an additional $9.23 million on July 27. This shift contrasts with Bitcoin (BTC) funds, which ...
Bitcoin trades near $63,400 with exchange reserves dropping by 78,000 BTC over six months, signaling holders prefer self-custody over selling. Macro pressures from Federal Reserve rate hike risks, weak tech stocks, and stalled U.S. Clarity Act slow r...
