Investors have pulled $3.45 billion from US spot bitcoin ETFs over 11 trading sessions, marking the longest withdrawal streak since these funds launched in January 2024. This coincides with bitcoin's price falling below $70,000, trading around $69,000 with a 4.5% decline in 24 hours. The trend reflects weakening institutional demand, highlighted by Strategy's first bitcoin sale since December 2022 and a shift toward holding rather than buying bitcoin. The $63,000 level may soon be tested as markets reassess bitcoin's bottom amid these outflows and slowing accumulation by ETFs and corporate treasuries.
Bitcoin fell sharply by 5.6% to $67,400 amid a major shift of institutional capital from cryptocurrencies to artificial intelligence. This move follows Google's launch of an $80 billion AI fund, backed by Berkshire Hathaway, signaling one of the larg...
Institutional investors pulled nearly $1.5 billion from Bitcoin and Ethereum last week, with Bitcoin alone seeing $1.438 billion in outflows, reflecting a broad market de-risking amid volatility. However, XRP bucked this trend, attracting $20.3 milli...
Cryptocurrency markets saw a broad decline, with Bitcoin dropping more than 5% to around $67,513 and Ethereum falling over 2%. Many altcoins also experienced losses, including XRP, ADA, and SOL, while a few tokens like ZEC and LAB showed notable gain...
Bitcoin is undergoing an identity crisis, losing its appeal as both a store of value and speculative asset, while decentralized finance (DeFi) quietly grows despite ongoing security exploits. Solstice Labs CEO Ben Nadareski urges DeFi developers to a...
Perpetual futures, originally a crypto trading tool, are evolving into a broader market product covering commodities, equities, and private markets. Platforms like Hyperliquid are pioneering this shift by offering perpetual futures on commodities and...
