11 days ago
Bitcoin Hovers Near $83K As Whales and Miners Cash Out – Will BTC Drop to $75K?
A dormant whale booked an $85M profit, and miners cashed out $27M, increasing selling pressure on Bitcoin.
U.S. spot Bitcoin ETFs have recorded five consecutive weeks of outflows, raising concerns over institutional support.
#bitcoin #BTC #whales #Miners #ETF #Cryptocrash
A dormant whale booked an $85M profit, and miners cashed out $27M, increasing selling pressure on Bitcoin.
U.S. spot Bitcoin ETFs have recorded five consecutive weeks of outflows, raising concerns over institutional support.
#bitcoin #BTC #whales #Miners #ETF #Cryptocrash
11 days ago
⚡️Digital Asset Funds Experience Significant Outflows Amid Global Uncertainty
investors are increasingly withdrawing from digital assets as these investments face declining popularity due to rising geopolitical and economic uncertainties. Last week alone, global digital asset funds saw a loss of $1.7 billion, as reported by CoinShares. This brings the total outflow over the past five weeks to $6.4 billion. In the United States, bitcoin (BTC) exchange-traded funds (ETFs) have experienced the longest streak of weekly outflows since their debut in January 2024, with investors pulling out more than $5.4 billion during this period.
U.S. President Donald Trump has expressed support for cryptocurrencies, notably through the order to establish a Bitcoin Strategic Reserve. However, this support has not been sufficient to alleviate concerns stemming from tariff-induced trade tensions and monetary policy challenges. Despite the presidential backing, the digital asset market continues to face significant pressure.
Bitcoin has seen a substantial decline, dropping over 21% in the last three months to approximately $83,000. The broader CoinDesk 20 Index (CD20) has also suffered, losing around 34.6% of its value during the same timeframe. These figures highlight the ongoing volatility and uncertainty within the digital asset sector, as investors remain cautious amid the current global economic landscape.
#bitcoin #Trump #Outflows #ETF #BTC #bitcoinreserve
investors are increasingly withdrawing from digital assets as these investments face declining popularity due to rising geopolitical and economic uncertainties. Last week alone, global digital asset funds saw a loss of $1.7 billion, as reported by CoinShares. This brings the total outflow over the past five weeks to $6.4 billion. In the United States, bitcoin (BTC) exchange-traded funds (ETFs) have experienced the longest streak of weekly outflows since their debut in January 2024, with investors pulling out more than $5.4 billion during this period.
U.S. President Donald Trump has expressed support for cryptocurrencies, notably through the order to establish a Bitcoin Strategic Reserve. However, this support has not been sufficient to alleviate concerns stemming from tariff-induced trade tensions and monetary policy challenges. Despite the presidential backing, the digital asset market continues to face significant pressure.
Bitcoin has seen a substantial decline, dropping over 21% in the last three months to approximately $83,000. The broader CoinDesk 20 Index (CD20) has also suffered, losing around 34.6% of its value during the same timeframe. These figures highlight the ongoing volatility and uncertainty within the digital asset sector, as investors remain cautious amid the current global economic landscape.
#bitcoin #Trump #Outflows #ETF #BTC #bitcoinreserve
25 days ago
Bitcoin's weekend gains vanished as the Federal Reserve warned of a potential recession.
Bitcoin Drops 10% As Recession Seems Near
The price of Bitcoin has shown extreme volatility over the past few days. Last week, the Crypto Fear and Greed Index hit its lowest level since 2022, and Bitcoin looked very bearish due to several key factors.
Yesterday, Trump announced a crypto reserve that caused token prices to pump. However, that forward momentum has completely vanished today.
There are a few reasons that Bitcoin is looking so bearish right now. Essentially, Trump’s announcement may have only slapped a bandage on a very serious wound.
Last week, Bitcoin ETFs had their worst week ever, with $2.7 billion in outflows, as the Federal Reserve Bank of Atlanta predicted a 1.5% GDP decrease. Today, it has become even more pessimistic.
The Fed is now predicting that the US GDP will shrink 2.8% by the end of Q1 2025. From an economic perspective, this is apocalyptic compared to its predictions four weeks ago, which showed 3.9% growth.
Another important factor contributing to Bitcoin’s volatility is President Trump’s proposed tariffs. Some analysts have theorized that they aren’t the main cause, and that’s probably true.
However, the crypto market crashed when Trump recently announced 25% tariffs on the EU, joining ones on Canada, Mexico, and China.
If the US economy enters a recession, however, the downsides of that integration will fully reveal themselves.
#bitcoin #CryptoReserve #crypto #Trump #recession #USGDP #FED #bearish #Cryptocrash
Bitcoin Drops 10% As Recession Seems Near
The price of Bitcoin has shown extreme volatility over the past few days. Last week, the Crypto Fear and Greed Index hit its lowest level since 2022, and Bitcoin looked very bearish due to several key factors.
Yesterday, Trump announced a crypto reserve that caused token prices to pump. However, that forward momentum has completely vanished today.
There are a few reasons that Bitcoin is looking so bearish right now. Essentially, Trump’s announcement may have only slapped a bandage on a very serious wound.
Last week, Bitcoin ETFs had their worst week ever, with $2.7 billion in outflows, as the Federal Reserve Bank of Atlanta predicted a 1.5% GDP decrease. Today, it has become even more pessimistic.
The Fed is now predicting that the US GDP will shrink 2.8% by the end of Q1 2025. From an economic perspective, this is apocalyptic compared to its predictions four weeks ago, which showed 3.9% growth.
Another important factor contributing to Bitcoin’s volatility is President Trump’s proposed tariffs. Some analysts have theorized that they aren’t the main cause, and that’s probably true.
However, the crypto market crashed when Trump recently announced 25% tariffs on the EU, joining ones on Canada, Mexico, and China.
If the US economy enters a recession, however, the downsides of that integration will fully reveal themselves.
#bitcoin #CryptoReserve #crypto #Trump #recession #USGDP #FED #bearish #Cryptocrash
5 months ago
AiETF Token Homepage
AiETF is an innovative cryptocurrency token designed to correlate with ETF inflows and outflows, providing a secure and scalable investment opportunity.
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AiETF is an innovative cryptocurrency token designed to correlate with ETF inflows and outflows, providing a secure and scalable investment opportunity.
https://aietftoken.com/ref...
8 months ago
According to a report by asset manager ARK Invest released on July 18, Bitcoin became oversold in June after the German government initiated a multibillion-dollar sell-off of 50,000 BTC. These bitcoins were seized in a 2020 police sting against Movie2k, a streaming platform for pirated content.
The sell-off caused Bitcoin prices to drop from highs above $70,000 in early June to below $55,000 during a brief dip in July.
"Based on short-term holder realized profits/losses and miner outflows, Bitcoin appears oversold," the report states, which covers data through June 30 and includes more recent figures. "Current levels of miner outflows suggest that miners are capitulating, which could signal a bullish reversal."
The sell-off caused Bitcoin prices to drop from highs above $70,000 in early June to below $55,000 during a brief dip in July.
"Based on short-term holder realized profits/losses and miner outflows, Bitcoin appears oversold," the report states, which covers data through June 30 and includes more recent figures. "Current levels of miner outflows suggest that miners are capitulating, which could signal a bullish reversal."
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9 months ago
Blockchainlife 2023 Bitfinder.io
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