U.S. spot Bitcoin ETFs experienced $94 million in net outflows on April 8, even as Bitcoin's price rose from $67,800 to $71,000 following news of a U.S.-Iran ceasefire. Notably, Grayscale Bitcoin Trust saw $11 million in outflows, while iShares Bitcoin Trust and the newly debuted Morgan Stanley Bitcoin Trust reported positive inflows of $40.4 million and $30.6 million respectively. Analysts suggest institutions are taking profits amid ongoing geopolitical tensions and market uncertainty, with traders showing cautious sentiment. Technical resistance around $70,500-$74,000 remains a key level to watch for Bitcoin's next move.
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cryptocurrency prices are fluctuating with Bitcoin trading above $65,000 and Ethereum near $1,920. Some coins like Zcash (ZEC) and Gnosis (GNO) have seen significant gains of 6.49% and 8.45% respectively, while others like DEXE and AAVE experienced n...
Cryptocurrency prices are fluctuating with Bitcoin rising 1.04% to $65,340 and Ethereum increasing 3.16% to $1,928.95. Other notable changes include Zcash up 6.67% and Dogecoin slightly down by 0.44%. These movements reflect ongoing volatility in the...
Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holde...
Morgan Stanley's Denny Galindo highlights that Solana (SOL) has historically been a better diversifier in crypto portfolios than Ether (ETH), despite SOL's higher volatility. Bitcoin remains a low-correlation asset with traditional markets, but addin...
