On June 15, Bitcoin spot ETFs experienced $64.8 million in outflows, mainly due to Grayscale's GBTC losing $124 million in a single day. However, other Bitcoin funds gained about $59 million, partially offsetting the losses. Meanwhile, altcoin ETFs attracted fresh capital, with Ethereum ETFs gaining $22.5 million, Solana $2.7 million, and XRP $2.8 million. This shift indicates institutional investors are diversifying from Bitcoin into altcoins, with XRP notably accumulating over $1.4 billion since launch, signaling growing confidence in altcoin ETFs as portfolio holdings.
CoinMarketCap's Altcoin Season Index increased to 53, indicating a slight improvement in altcoin performance relative to Bitcoin. However, this level remains below the 75 threshold that signals a full altcoin season, keeping the market in a neutral s...
Bitcoin fell about 2.7% to around $63,200 following the U.S. market close, dragged down by a sharp 10% drop in South Korea's Kospi index, which hit its lowest since April. The U.S. Senate postponed a vote on the CLARITY Act, delaying crypto regulator...
On July 27, Bitcoin ETFs experienced an outflow of $11.6 million, indicating a possible short-term drop in investor demand. Meanwhile, Ethereum funds saw an inflow of $9.2 million, reflecting growing positive sentiment toward Ethereum. These contrast...
The US dollar index surged to a 13-month high driven by growing speculation of a Federal Reserve rate hike amid persistent inflation and high energy prices. This strengthened dollar has pressured Bitcoin and Ethereum, which typically move inversely t...
Arthur Hayes purchased 3,298 ETH worth $6.39 million hours before Ethereum's price fell about 5%, from $1,960 to $1,872. Since mid-July, Hayes has accumulated 7,213 ETH at an average price of $1,923, currently holding an unrealized loss of roughly $3...
