Bitcoin exchange-traded funds (ETFs) attracted $85.85 million in net inflows on June 12, marking the largest single-day inflow in about four weeks and ending a five-session outflow streak that had drained $727 million. This surge coincided with SpaceX's historic Nasdaq debut, where its shares opened strong and the IPO raised $75 billion, the largest on record. Despite geopolitical tensions and a recent dip in Bitcoin prices, positive developments in US-Iran diplomacy helped lift Bitcoin above $63,000. Investors are now watching the upcoming Federal Reserve meeting for clues on whether this renewed interest in Bitcoin ETFs will continue.
Fidelity Digital Assets reports that while US home prices in USD have risen by over $100,000 since 2020, their cost in Bitcoin has dropped to about one-tenth, reflecting Bitcoin's strong appreciation. This trend highlights Bitcoin's growing purchasin...
XRP has gained 9.5% in the past week, driven by a sharp increase in spot market volumes, which rose from $42 million in May to $406 million recently. This surge reflects growing retail and institutional interest, even as the derivatives market shows ...
Former President Donald Trump expressed strong support for Bitcoin, calling it a powerful technology whose influence is underestimated. Speaking at the launch of Trump Accounts, he emphasized the strategic importance of the cryptocurrency industry in...
Most major cryptocurrencies, including Bitcoin and Ethereum, saw price declines of around 2-3% in recent trading. This broad sell-off reflects ongoing market volatility and investor caution amid uncertain economic conditions. Stablecoins remained ste...
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines exceeding 3% in a recent market downturn. Bitcoin fell to around $62,020, while Ethereum dropped to approximately $1,730. This broad sell-of...
