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.
After five days of outflows, U.S. Spot Bitcoin ETFs recorded a strong inflow of $85.85 million on June 12, indicating renewed institutional interest. Bitcoin’s price rose 1.3% to around $63,750 but faces a critical resistance near $63,900, a level it...
US long-term bond yields have reached historic highs between 4.5% and 5%, creating a challenging environment for Bitcoin and other risk assets. This rise in yields increases the cost of money and reduces liquidity, making investors hesitant to take o...
Bitcoin surged above $64,000, rising over 8% from its recent low near $59,000, driven by the largest U.S. spot Bitcoin ETF inflows since mid-May totaling $85.9 million. Optimism around a near peace deal between Pakistan and Iran, with finalization ex...
Bitcoin has rebounded strongly from the $60,000 support level, triggering a historic weekly buy signal linked to past rallies to new highs. The price briefly hit resistance at the 200-day exponential moving average (EMA), a key technical level, and a...
Bitcoin reached a cycle bottom at $59,375 on June 5, marking a 53% drop from its peak. This low was driven by investors selling Bitcoin ETFs to fund SpaceX's IPO, which debuted strongly on Nasdaq with a 26% gain, easing crypto selling pressure. Addit...
