Bitcoin exchange-traded funds (ETFs) attracted about $200 million in net capital last week, marking their first positive week since May after eight weeks of withdrawals totaling over $8 billion. The inflows began strongly on Monday but were partially offset by midweek withdrawals before finishing with renewed interest on Friday. Bitcoin's price rose roughly 3% during this period, surpassing $64,000. This shift may signal returning institutional demand, but sustained inflows in coming weeks are needed to confirm a lasting trend reversal.
Bitcoin has formed a golden cross pattern, where its 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum. This technical indicator often precedes significant price increases, with past oc...
Analyst Andrey Poroshin from Bitbanker predicts Bitcoin will drop to around $60K in August due to a lack of macroeconomic support and passive Federal Reserve policy. The price is expected to recover to $70K later, despite this being below the U.S. mi...
Michael Saylor, co-founder of Strategy, clarified that the company's authorization to sell up to $5 billion in Bitcoin was part of a previously announced BTC Monetization Program from June, not a reaction to their Q2 loss. He emphasized that Strategy...
Cryptocurrency prices are fluctuating with Bitcoin trading around $62,908 and Ethereum near $1,868. Some altcoins like SHIB and META have seen significant gains, with SHIB up nearly 9.63% and META surging almost 40%. Other coins show mixed performanc...
In July, American crypto ETFs, especially Bitcoin ETFs, recorded a net inflow of $172.4 million, ending two months of capital outflows after a tough second quarter. Despite a sharp outflow of $265.4 million on the last day of July, the overall monthl...
