Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern.
Category: ETF
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Bitcoin bull market may return after $1.4T US liquidity spike — Prediction
Bitcoin and crypto may still have a friend in U.S. treasury secretary Janet Yellen if liquidity comes roaring back to the economy next week, says Arthur Hayes.
Blackrock’s Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows
Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. […]Bitcoin short liquidation risk surges as BTC price dips under $64K
Liquidation levels form an increasingly large cloud above BTC spot price as Bitcoin rests near $64,000.
BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time
BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside.
Ethereum Faces Resistance Amidst Market Gains: Justin Sun’s Activity And ETF Launch Awaited
Despite a 2.5% gain today, Ethereum is grappling with formidable resistance levels, particularly in the range of $3,170 to $3,270. This resistance zone is significant, as it is backed by 1.63 million addresses holding a collective 4.45 million ETH. #Ethereum encounters strong resistance between $3,170 and $3,270, with 1.63 million addresses holding 4.45 million $ETH. Breaking past this barrier could propel #ETH toward $3,650! pic.twitter.com/Ko74nHdpTj — Ali (@ali_charts) April 23, 2024 Surpassing this hurdle could potentially propel ETH towards the $3,650 mark, offering traders and investors a bullish outlook. Currently, Ethereum is trading at $3,253, reflecting the ongoing battle between
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Bitcoin Sees Upsurge To $67,000 Amidst Whales’ Accumulation
Bitcoin experienced a notable upsurge in the past 24 hours, reaching a high of $67,000, buoyed by strong support from key whale tier holders with holdings ranging from 1,000 to 10,000 BTC. 🐳 #Bitcoin’s key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of 2024. This translates to an accumulation of 1.24% of the entire supply. The crowd is also showing a high degree of #FOMO. https://t.co/fNSTOERzXo pic.twitter.com/qaJmQJfFca — Santiment (@santimentfeed) April 24, 2024 These whales have steadily accumulated an additional 266,000 BTC since the beginning of 2024, amounting
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Market Sentiment Sours Despite ETF Approval: Bitcoin Holders Stand Firm
Trader optimism soared following the approval of spot Bitcoin and Ethereum ETFs in Hong Kong. However, the initial reaction was less than stellar, with Bitcoin experiencing a -6% drop in value. 🇭🇰 Trader optimism is high after #HongKong approved spot #Bitcoin & #Ethereum #ETF’s today. Unsurprisingly, though, the initial market impact has been negative, with $BTC dropping -4.5% since the news hit the public. When #FOMO dies down, expect a bounce. https://t.co/aJypD7nAi7 pic.twitter.com/TIFy0T1IPF — Santiment (@santimentfeed) April 15, 2024 Despite market volatility over the weekend, Bitcoin key stakeholders have shown resilience, holding onto their positions. Notable whale groups have been actively accumulating
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Bitcoin Realized Profit/Loss Ratio Drops Below 1 As Whales Stay On Sidelines Despite ETF Approvals
The Bitcoin Realized Profit/Loss Ratio has dipped below 1, signaling that investors are currently experiencing more losses than profits. This trend, observed over the past six months, historically suggests a potential local bottom for Bitcoin ($BTC). The #Bitcoin Realized Profit/Loss Ratio has fallen below 1, suggesting that investors are currently realizing more losses than profits. Historically, this trend has indicated a local bottom for $BTC over the past six months. pic.twitter.com/5GgZ63XV68 — Ali (@ali_charts) April 14, 2024 In a significant development for the cryptocurrency market, China Asset Management, Bosera Capital, HashKey Capital Limited, and Harvest Global Investments have received approval
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Bitcoin Rebounds To $70K Despite Negative CPI Report
Bitcoin has surged back to the $70K mark, marking a significant rebound, even amidst a negative US Consumer Price Index (CPI) report indicating a 3.5% inflation rise in March. This unexpected inflation increase initially led to a drop in equities markets, but the crypto markets displayed resilience, recovering well after Bitcoin briefly dipped to $67.5K just before the CPI results were announced. 🇺🇸💸 The US #ConsumerPriceIndex report has come out, revealing that there was a 3.5% #inflation rise in March. This higher than expected result has dropped #equities markets, but #crypto markets have recovered quite fine after #Bitcoin initially dropped
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