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.
S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating project...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $66,629, up nearly 2%. Ethereum and Binance Coin also see modest gains. Notable increases include Monero (XMR) up 7.03% and ONDO surging over 12%. These fluctuations ref...
XRP, Cardano (ADA), Stellar (XLM), and Bitcoin (BTC) are showing early signs of bullish recovery after periods of decline. XRP is forming an ascending triangle with rising support, indicating potential for a longer recovery if resistance levels are o...
Bitcoin recovered from an early dip around $63,750 to surpass $66,000, hitting a monthly high. This rebound helped the total cryptocurrency market capitalization increase by about $70 billion in a single day. The rise also led to widespread gains acr...
Bitcoin has rebounded about 15% from early July lows, climbing above $66,600 for the first time in over a month. Analysts from Bitfinex identify $68,000 as a crucial resistance level where many recent buyers might sell, potentially stalling the rally...
