Bitcoin is currently trading around $79,200, slightly down by 0.8% in the last 24 hours, and is expected to remain between $78,000 and $82,000 until the Federal Reserve's policy announcement on September 16. Recent strong US employment data has increased the likelihood of a 25 basis point rate hike, influencing market sentiment. Meanwhile, Bitcoin spot ETFs in the US have seen nearly $1 billion in fresh investments last week, contributing to a three-week total of $3.8 billion, though some inflows may be momentum-driven. Investors are closely watching upcoming inflation reports on September 11 and the Fed meeting as critical catalysts for Bitcoin's next directional move.
Bitcoin traded flat around $81,500 after two volatile days, facing pressure from rising oil prices due to U.S.-Iran tensions. This kept Bitcoin on track for its first monthly loss since July, with its market cap down 3% over 30 days. Long liquidation...
Franklin Templeton, managing $1.8 trillion in assets, received Nasdaq approval to launch two Bitcoin-focused ETFs that convert dividends from U.S. stocks into Bitcoin exposure. The ETFs, named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US...
Open interest in Bitcoin (BTC) and four other major cryptocurrencies fell notably within 24 hours, with XRP experiencing the sharpest drop of 7.02% to $415.4 million. BTC open interest declined 6.35% to $7.79 billion, while Ether (ETH), Solana (SOL),...
Crypto influencer Ki Young Ju suggests Bitcoin is less vulnerable to a drop in AI stocks because it did not heavily participate in their recent rally. If AI stocks decline, investors who profited from them might move some funds into Bitcoin, potentia...
U.S. spot Bitcoin ETFs experienced a significant outflow of $635.6 million on Thursday, wiping out nearly 60% of the $1.07 billion inflows over the previous three days and turning October net flows negative by about $176 million. Ethereum and Solana ...
