U.S. spot Bitcoin ETFs experienced $227 million in outflows last week, led by Grayscale's $156 million withdrawal, as traders reduced leverage amid rising Bitcoin inflows to exchanges and cautious institutional sentiment. Despite these outflows, Bitcoin's price remained relatively stable around $63,915, with traders balancing steady selling and dip buying. Derivatives markets showed significant liquidations, especially on Binance, indicating a short-term pullback in risk appetite rather than a major shift in spot demand. Meanwhile, institutional interest in other crypto ETFs like Ethereum and Solana continues, even as Bitcoin ETF flows weaken, suggesting a fragmented but ongoing demand for crypto exposure.
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
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...
