Last week, BTC ETFs saw four days of consecutive inflows totaling nearly $570 million, driving Bitcoin’s price to $72,000. However, Monday’s outflow caused BTC’s daily trading volume to decline by 6%, forcing the price to retrace to $69,000. However, nearly $303 million was withdrawn from Grayscale’s ETF, GBTC.
With the halving approaching, analysts are divided on how the BTC market will perform in the short term. However, not all investors share the same sentiment.
According to Bloomberg, Bitcoin has underperformed global equities, fixed income, and commodities in the current quarter. The cryptocurrency lost about 5% from April to mid-June, […]
The downtrend in Bitcoin’s average transaction fee has been observed, with the fee dropping from $5 a month ago to as low as $2.8 on […]
The German Government has sent the final portion of their 3,846.05 BTC to Flow Traders and 139Po. Three weeks earlier, the government held 50,000 BTC […]