Bitcoin surged above $79,000 after US core annual inflation dropped to a 66-month low of 2.4%, signaling easing inflation pressures. However, the monthly core CPI rose 0.3%, higher than expected, boosting the probability of a Federal Reserve rate hike to 85% ahead of the September 16 meeting. Despite Bitcoin ETFs seeing $13.29 million in outflows, Ethereum-focused ETFs attracted $216 million, with Ethereum prices rising over 8%. Technical analysts suggest a sustained break above $80,000 could push Bitcoin toward $82,000 and $84,000, but rising yields and rate hike expectations may limit gains.
U.S. spot Bitcoin ETFs recorded $119 million in net inflows on Tuesday, reversing a $90 million outflow from the previous day, even as Bitcoin's price fell from above $86,600 to below $84,000. In contrast, Ether ETFs experienced heavy selling with $2...
Ripple has formed a strategic partnership with South Korea's Meritz Securities to explore digital asset services including custody and tokenization. This deal coincides with XRP overtaking Bitcoin as the most-traded asset on the Korean exchange Upbit...
Robinhood has added approximately $25 million worth of bitcoin to its corporate balance sheet, marking a significant step in its growing involvement in cryptocurrency. This move, confirmed by Robinhood's senior VP Johann Kerbrat, reflects the company...
In September, Kalshi's 15-minute gold trading contracts reached 542 million trades, exceeding Ethereum's 318 million and generating about $5 million in fees, nearly double Ethereum's $2.6 million. Bitcoin remains the dominant asset on the platform, p...
Ethereum (ETH) exchange-traded funds (ETFs) experienced their biggest outflow in three weeks on October 6, with $201.9 million withdrawn, marking the sixth consecutive day of outflows totaling $407.8 million since September 29. Despite initial price ...
