Bitcoin exchange-traded funds (ETFs) listed in the U.S. attracted $853.54 million in net inflows for the week ending August 7, marking the largest weekly inflow since mid-April. BlackRock's IBIT ETF accounted for the majority of this surge, drawing $693 million alone. This inflow suggests renewed institutional interest after significant selling earlier in the year, supported by stable Bitcoin prices around $64,000-$65,100 and a weaker U.S. jobs report that may reduce expectations for further Federal Reserve rate hikes. However, despite this positive weekly inflow, Bitcoin ETFs remain down about $4.5 billion year-to-date, indicating that sustained strong inflows are needed for a meaningful price rally. Investors will be watching the upcoming U.S. CPI data on August 12, which could influence future ETF inflows and Bitcoin's price direction.
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
Zcash (ZEC) has broken a nine-year downtrend against Bitcoin (BTC), surpassing its 200-period moving average and ending a long phase of decline. This breakout suggests a fundamental shift in crypto market dynamics, with Zcash showing strength against...
The US Senate has postponed the floor vote on the CLARITY Act until September due to concerns about stablecoin impacts on banks and ethics provisions demanded by Democrats. The delay reflects ongoing debates over government officials' financial inter...
Bitcoin is approaching a critical resistance zone near $65,400 while holding above its weekly 200-day moving average around $63,800. Analysts warn that a brief push above $65,400 could trigger a pullback to support between $62,800 and $63,300, but a ...
Bitcoin dominance remains steady at 56.6% over the weekend, with Bitcoin trading near $64,782 and Ethereum stable at $1,916. While altcoins like SOL and BNB posted small gains, overall market activity is muted, reflecting cautious sentiment among ret...
