U.S. spot Bitcoin ETFs experienced $294.62 million in outflows on July 1, continuing a 10-day streak of net redemptions led by major funds like BlackRock's IBIT. Despite this short-term selling pressure, cumulative inflows since launch remain strong at $50.86 billion, indicating sustained long-term demand. The outflows mainly reflect institutional caution amid macroeconomic uncertainties, with high trading volumes suggesting active repositioning rather than a liquidity crisis. Future flows will depend on factors like U.S. interest rate expectations and crypto market volatility.
Bitcoin and Ethereum prices fell slightly on Friday, with Bitcoin down 0.96% to $64,147 and Ethereum down 0.62% to $1,861, indicating a mild pullback in major cryptocurrencies. Meanwhile, some large-cap altcoins like Tron and Dogecoin posted modest g...
Bitcoin held steady despite a tech stock selloff triggered by weak earnings, with over 83,000 traders liquidated recently. Spot Bitcoin ETFs saw significant outflows, while Ethereum ETFs had inflows. Analysts predict Bitcoin may experience one final ...
Bitcoin fell below $64,000 after nearly reaching $67,000 mid-week, causing $87 million in Bitcoin liquidations and $312 million across the crypto market. The drop reduced Bitcoin's market cap to $1.285 trillion and was influenced by fluctuating oil p...
The crypto market cap fell 1.18% in 24 hours with Bitcoin and Ethereum down 1.35% and 1.85% respectively. Bitcoin's longest streak of spot ETF inflows in nine months ended, coinciding with rising U.S.-Iran tensions and higher oil prices, which increa...
Evernorth's Chief Business Officer Sagar highlights the distinct roles of Bitcoin and XRP, describing Bitcoin as "digital gold" for wealth preservation, whereas XRP functions as a utility layer for finance with near-instant transaction settlement and...
