Bitcoin's price dropped about 14% over the past week due to ETF outflows, weak market sentiment, and declining open interest. U.S. spot Bitcoin ETFs saw roughly $4.57 billion in net outflows over four weeks, signaling reduced institutional demand. Analysts warn that the upcoming $75 billion SpaceX IPO could divert capital away from cryptocurrencies, adding further pressure. With sentiment in extreme fear territory and technical indicators fragile, Bitcoin faces potential further downside risks in the near term.
Bitcoin (BTC) was trading at $80,470 at 2:13 p.m. ET on October 27, reflecting a modest increase of 0.33% over the previous 24 hours. This slight rise indicates steady interest in the cryptocurrency market amid ongoing digital asset developments. Inv...
GraniteShares ETF Trust filed an amendment with the SEC to delay the effective date for registration changes of eight proposed crypto ETFs, including two linked to XRP, until November 30, 2026. The amendment also covers long and short daily funds tie...
Technology investor Jason Calacanis forecasts Bitcoin will decline about 28% to $57,000 within the next year, citing reduced institutional interest and competition from artificial intelligence (AI) investments. He argues Bitcoin's value as a store of...
Since the SpaceX IPO in June, Bitcoin has gained 26% despite recent declines and challenging macroeconomic conditions. The upcoming Anthropic IPO, valued at nearly $1.9 trillion, could divert investment from Bitcoin, but other factors like ETF flows ...
Some crypto traders believe the return of McDonald's McRib sandwich signals a rise in Bitcoin prices, but experts say there is no real correlation. Historical data shows only 3 out of 10 McRib returns coincided with Bitcoin gains, often preceding pri...
