U.S. spot Bitcoin ETFs experienced $526.64 million in net outflows from June 29 to July 2, marking eight straight weeks of withdrawals as institutional investors reduce exposure amid market uncertainty. Despite this, Bitcoin remains above the $60K support level, currently trading around $63,143 with a market cap of $1.26 trillion. Technical indicators show weakening buying momentum, suggesting potential short-term price volatility and a possible pullback if support levels fail. Continued outflows may pressure Bitcoin's price, while renewed inflows are needed to strengthen bullish momentum.
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cryptocurrency prices showed a general downward trend, with Bitcoin trading near $61,955, down 1.12%, and Ethereum at $1,747.46, down 0.88%. Other major coins like Binance Coin and Cardano also saw declines, while a few tokens experienced minor gains...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
