Bitcoin's circulating supply has exceeded 20.07 million coins, reaching about 95.57% of its 21 million maximum. Despite this milestone, apparent demand remains negative, indicating that new coins are not yet fully absorbed by holders. Bitcoin trades near $63,000 within a $58,000 to $67,000 range, with key resistance at $65,000 and $67,000. U.S. spot Bitcoin ETFs saw $57.63 million in net outflows recently, showing mixed signals on demand. The supply milestone is symbolic due to lost coins and the gradual issuance schedule, with the final Bitcoin expected around 2140. Market watchers expect Bitcoin to trade sideways for now, awaiting clearer accumulation signals.
Bitcoin ETFs have sold off 917 BTC, worth about $57.63 million, indicating a notable shift in institutional sentiment. Major U.S. spot Bitcoin ETFs, including those by BlackRock and Fidelity, contributed to this outflow, which exceeds two days' worth...
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
Cboe BZX Exchange has filed with the SEC to list the first triple-leveraged Bitcoin and Ether ETFs in the US, aiming to deliver three times the daily returns using CME futures contracts. The proposal, submitted on August 10 and published on August 14...
XRP is declining against the US dollar, nearing the key $1 level, signaling potential further drops if this support fails. However, technical analysis against Bitcoin shows XRP may have hit a bottom and is poised for a rebound, possibly gaining about...
