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.
Anthony Scaramucci, founder of SkyBridge Capital, supports investing in Bitcoin and gold as protections against the US's growing national debt and potential inflation. He warns the US deficit could reach $55 trillion in a decade, eroding currency val...
S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating project...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $66,629, up nearly 2%. Ethereum and Binance Coin also see modest gains. Notable increases include Monero (XMR) up 7.03% and ONDO surging over 12%. These fluctuations ref...
XRP, Cardano (ADA), Stellar (XLM), and Bitcoin (BTC) are showing early signs of bullish recovery after periods of decline. XRP is forming an ascending triangle with rising support, indicating potential for a longer recovery if resistance levels are o...
Bitcoin recovered from an early dip around $63,750 to surpass $66,000, hitting a monthly high. This rebound helped the total cryptocurrency market capitalization increase by about $70 billion in a single day. The rise also led to widespread gains acr...
