JPMorgan reports a notable $11 billion outflow from gold ETFs in early March, accompanied by declines in silver funds, driven by rising yields, a stronger U.S. dollar, and institutional deleveraging. Meanwhile, Bitcoin futures have remained stable and Bitcoin prices recovered quickly after initial geopolitical shocks, trading between $68,000 and $70,000. This suggests a potential shift in investor preference from traditional safe havens like gold and silver to Bitcoin, although JPMorgan cautions Bitcoin behaves differently during market stress, acting more like a high-beta asset. The future of this trend depends on sustained inflows into Bitcoin and continued market conditions favoring the dollar and higher real yields.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
