BTC Wallet Net Outflows Increase...Selling Pressure Continues. “Looking at the trend of Bitcoin accumulation by wallet holdings, net outflows continued throughout April,” on-chain analytics firm Glassnode said in an official X report. Overall, this suggests that sell-side pressure is continuing.”...
Bloomberg ETF analyst Eric Balchunas reports via X that “final data from the first day of Hong Kong's cryptocurrency spot ETFs are in. Hong Kong crypto spot ETFs saw total inflows of $292 million on the first day. Ethereum spot ETF inflows accounted for 15% of that total. While this is much more...
Jimmy Song, who was invited to speak at the Bitcoin Seoul 2024 event in Seoul, South Korea, emphasized the importance of increasing the Korean market's understanding of Bitcoin through Bitcoin-related events. Jimmy Song is a Bitcoin expert who has written five books on Bitcoin, including...
As the U.S. central bank (Fed) kept its benchmark interest rate unchanged for the sixth consecutive month on Jan. 1 (local time), bitcoin fell to $55K per unit for the first time in more than two months. Bitcoin has been on a downward spiral despite good news like the halving and Hong Kong's...
BlackRock's BTC Spot ETF (IBIT) saw net outflows of $36.9 million in one day (local time), reports X, citing Treenews. This is the first net outflow since IBIT launched in January. Meanwhile, BTC fell below $57,000, according to Coinness Market Monitor. On Binance's USDT market, BTC is trading at...
Bitcoin (BTC), which has fallen below the $60,000 mark, may be headed for another decline. On Monday (local time), investment bank Standard Chartered predicted that BTC could fall to $50,000 to $52,000. The decline is expected to be driven by a combination of crypto-specific factors and macro...
Cointelegraph lists three signs that the Bitcoin (BTC) price may be nearing a bottom, including These are: easing market uncertainty after the Fed rate announcement, weak miner selling even after the halving, and rising demand for stablecoins in China. “Market uncertainty was somewhat eased after...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell 11 points from the previous day to 43. The index moved from neutral to fear as sentiment worsened. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to...
The cryptocurrency market attempted to rebound as it digested the results of the Federal Reserve's monetary policy meeting in New York City on the 1st, but it proved to be insufficient and retreated back to pre-rebound levels. Bitcoin briefly regained $59,000 and Ethereum $3,000, but failed to...
U.S. Federal Reserve (Fed) Chairman Jerome Powell said on Jan. 1 (local time) that the Fed's next move on interest rates is unlikely to be a rate hike. He also noted that inflation data has exceeded expectations so far this year, reaffirming his previous stance that it will take longer to gain...
Solana's SOL coin, a strong competitor to Ethereum (ETH), has lost more than 12% of its value in a week and is trading below $140 as of today (May 30). The fifth-largest cryptocurrency by market capitalization, SOL was trading at $137.77 as of 8:43 a.m. ET, down 12.47% from a week ago on...
Hong Kong Ethereum ETF issuer China Asset Management (华夏基金, ChinaAMC) held a press conference to announce that “we expect the trading volume of our cryptocurrency spot ETF, the first of its kind to trade in Hong Kong, to exceed the US record ($1.25 billion) on its first day of trading,” according...