After five days of outflows, U.S. Spot Bitcoin ETFs recorded a strong inflow of $85.85 million on June 12, indicating renewed institutional interest. Bitcoin’s price rose 1.3% to around $63,750 but faces a critical resistance near $63,900, a level it has struggled to break for nine days. If BTC surpasses $64,000 and holds above it, it could trigger an 8% rally to about $69,500. However, failure to break this resistance may lead to renewed selling pressure and a price decline. Overall, both investors and traders show growing bullish sentiment, signaling potential upward momentum for Bitcoin in the near term.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $65,160 and Ethereum near $1,921. Several altcoins like BEAT and PUMP have seen significant percentage gains, 35.1% and 12.9% respectively, indicating selective investor...
Economist Robin Brooks criticized Bitcoin's role as a safe-haven asset, highlighting its underperformance compared to precious metals like gold during periods of currency debasement. He argues that Bitcoin has not established itself as a reliable sto...
The US Senate has moved the CLARITY Act, a key cryptocurrency regulation bill, closer to a full vote, aiming to clarify federal rules on digital assets. This progress is seen as a positive step toward regulatory certainty, which has slightly increase...
Bitcoin's price has fallen 48.37% from its all-time high, reducing the value of Satoshi Nakamoto's untouched Bitcoin holdings to about $71.19 billion from over $138 billion. This significant drop reflects the broader market downturn and low trading a...
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 $...
