Bitcoin ETFs experienced a strong finish last week with $162.8 million in net inflows, driven mainly by Blackrock's IBIT product attracting $136.6 million. This late-week surge reversed earlier outflows, signaling renewed institutional interest in bitcoin despite initial profit-taking. In contrast, Ether ETFs saw $82 million in outflows, reflecting weaker demand and cautious investor sentiment. Smaller-cap crypto ETFs like XRP and Solana showed minimal activity and slight outflows, indicating limited investor conviction. The market shows a clear preference for bitcoin exposure, with investors selectively reallocating rather than exiting crypto ETFs entirely.
Macro investor Raoul Pal highlighted that Bitcoin and the Nasdaq Composite are primarily influenced by global liquidity rather than daily earnings reports or news. Bitcoin shows an 87% correlation to global liquidity, while Nasdaq's correlation is 97...
Bitcoin's price dropped to around $63,000 following AT&T's breakthrough in quantum computing, which cut a complex network task from one hour to 15 seconds using D-Wave technology. This advancement shortens the timeline to 'Q-Day,' when current blockc...
Bitcoin fell 2.7% to about $63,200 following a sharp sell-off in Asian equity markets, notably Korea's Kospi which dropped over 10%. The tech sector was pressured by worries over AI infrastructure investments exceeding $750 billion, causing Nvidia sh...
Bitcoin fell about 2.85% to near $63,490 following a broad selloff in Asian markets, including South Korea's KOSPI which triggered a circuit breaker. The decline was influenced by weakening tech stocks, ETF outflows, and cautious investor sentiment a...
Bitcoin failed three times to break above the $65,500 resistance level, causing a sharp drop to $64,336 and triggering $75 million in liquidations in the futures market. This volatility reflects market uncertainty amid US regulatory debates and a pau...
