Gold prices rose 0.5% following July's inflation data showing a slowdown to 3.4% annually, easing fears of a Fed rate hike. Bitcoin and other cryptocurrencies also gained, supported by steady inflows into spot Bitcoin ETFs. However, analysts note that Bitcoin's typical panic selling phase, which signals a market bottom, has not yet occurred, suggesting the crypto market may not have fully bottomed. The next CPI report before the Fed's September decision will be crucial for confirming these trends.
Franklin Templeton, managing $1.8 trillion in assets, received Nasdaq approval to launch two Bitcoin-focused ETFs that convert dividends from U.S. stocks into Bitcoin exposure. The ETFs, named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US...
Open interest in Bitcoin (BTC) and four other major cryptocurrencies fell notably within 24 hours, with XRP experiencing the sharpest drop of 7.02% to $415.4 million. BTC open interest declined 6.35% to $7.79 billion, while Ether (ETH), Solana (SOL),...
Crypto influencer Ki Young Ju suggests Bitcoin is less vulnerable to a drop in AI stocks because it did not heavily participate in their recent rally. If AI stocks decline, investors who profited from them might move some funds into Bitcoin, potentia...
U.S. spot Bitcoin ETFs experienced a significant outflow of $635.6 million on Thursday, wiping out nearly 60% of the $1.07 billion inflows over the previous three days and turning October net flows negative by about $176 million. Ethereum and Solana ...
The total cryptocurrency market capitalization declined by 6.37% to $2.74 trillion as of October 22, with Bitcoin falling 4.04% to $81,255. Other major tokens like Ether, Solana, Dogecoin, XRP, and BNB also saw notable losses, with Dogecoin and XRP d...
