Bitcoin is experiencing significant ETF outflows amid cautious investor sentiment and Federal Reserve's hawkish monetary policy. Despite $137.77 million leaving Bitcoin ETFs and $87.73 million from Ethereum ETFs, Bitcoin's price remains technically stable, consolidating around the $76,500 support level. A weekly close above this level could trigger a bullish move toward $95,000, although external factors like rising oil prices and inflation concerns continue to pressure the market. This suggests Bitcoin is consolidating rather than breaking down, with potential for a strong upward trend if key support holds.
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Strategy's new Bitcoin Banking Adoption Index ranks 25 major global banks on their integration of bitcoin services, with an overall adoption score of 32%. Fidelity leads the pack with a 71% score, offering a wide range of bitcoin-related products inc...
