Bitcoin rose to about $62,000 as US inflation hit a three-year high of 4.2% in May, driven by rising energy costs. Despite the bounce, CryptoQuant suggests the Bitcoin market bottom is still ahead, with a realized price floor near $53,600 yet to be tested. The Federal Reserve's likely rate hike later this year adds pressure on crypto assets, while the upcoming $250 billion SpaceX IPO could draw liquidity away from the crypto market. Investors remain cautious as inflows to Bitcoin ETFs have slowed significantly since mid-May.
Bitcoin has fallen below the key $65,000 support level, confirming a major rounding top pattern that projects a potential decline to around $47,000. This drop follows significant outflows from spot Bitcoin ETFs, totaling $4.33 billion over 13 days, w...
The U.S. spot Bitcoin ETF market experienced a $213.85 million net outflow on June 10, continuing an 18-day streak of losses. BlackRock's iShares Bitcoin Trust (IBIT) led the withdrawals with $148.5 million outflow, followed by Grayscale's GBTC shedd...
London BTC Company Ltd has staked a second US gold project, Amonett-Frank in Nevada, after initial rock-chip sampling showed high gold grades up to 52.66 g/t and silver up to 88.3 g/t. The project covers 371.88 acres in the historic Goldbanks Mining ...
In the past 24 hours, USD Coin (USDC) experienced a net outflow of $141 million while Tether (USDT) saw a net inflow of $41.4 million, indicating a rotation of capital among stablecoins. Bitcoin showed heavy two-way flows with a small net outflow, su...
Bitcoin's price fell from about $74,000 to below $60,000 amid a sharp decline in buying from both spot ETFs and corporate digital asset treasuries. Corporate treasury firms, once buying over $500 million daily, have reduced purchases to minimal level...
