Bookmarking Crypto Insights
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The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core … Read more
Meltem Demirors believes that the current Bitcoin price drop is a correction, and it is weeding out the paper hands. Go to Source Powered by WPeMatico
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico
Despite recording weekly outflows, Ether funds have generated $994 million in inflows this year. Total assets held in ETH funds are nearly $11.1 billion. Go to Source Powered by WPeMatico
On Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” However, there’s a big problem with this goal, as nobody knows exactly how to measure 50% clean energy usage let alone precisely where miners are geographically … Read more
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. Go to Source Powered by WPeMatico
Deutsche Boerse Xetra is listing CoinShares physical Bitcoin, Ether, and Litecoin ETPs. Go to Source Powered by WPeMatico
Regulators don’t want to stifle the growth of crypto industry, CoinShares’ Meltem Demirors said. Go to Source Powered by WPeMatico
Environmental FUD concerning Bitcoin seems to be everywhere these days. But is it enticing more investors to seek out proof-of-stake projects? Go to Source Powered by WPeMatico
Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Go to Source Powered by WPeMatico
