Bitcoin ETFs experienced a net outflow of $696.29 million in 24 hours, the highest since May, as Bitcoin's price fell below $60,000, retesting levels last seen in late 2024. This significant withdrawal reflects growing institutional selling pressure and investor caution amid Bitcoin's recent volatility. The price drop to around $58,000 has sparked concerns about Bitcoin's short-term recovery prospects, with the asset currently trading near $59,400. Market participants remain watchful for Bitcoin's next price movement amid this bearish outlook.
Leveraged crypto traders faced nearly $1 billion in liquidations within 24 hours as Bitcoin's price climbed from around $75,600 to above $80,000, a roughly 4% gain. About 59% of the losses came from short positions, which bet on price drops, forcing ...
Bitcoin's recent price recovery is hindered by weak demand from U.S. buyers, as shown by a negative Coinbase premium index. While global selling pressure is easing, overall demand remains negative, limiting Bitcoin's ability to sustain strong gains. ...
Bitcoin surged over 5% from an election-night low of around $75,600 to reclaim the $80,000 level, its highest since Binance’s hack. This recovery came despite political shifts in the US Congress, showing market confidence in Bitcoin's resilience and ...
Crypto commentator Virtual Bacon suggests XRP's price may have bottomed near $1, revising his downside target to $1.10 from $1.20. However, he warns that XRP tokens linked to the Binance hack could enter the market, adding selling pressure since thes...
Bitcoin surged nearly 5% to surpass $80,000 amid a broad crypto market recovery. The DePIN sector led gains with a 5.79% rise, while Ether climbed over 7% to above $2,400. Other sectors like RWA, Layer 2, and PayFi also posted notable increases, sign...
