[ad_1] Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? … Read more
[ad_1] Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours. Trading Algos Spoil The Bitcoin Price The trigger … Read more
[ad_1] “Bitcoin retraced down to $65,000, mostly attributed to the recent macro outlook on interest rates and rising Treasury yields,” Semir Gabeljic, director of capital formation at Pythagoras Investments, said in an email interview. “Higher interest rate environments typically tend to reduce investor appetite to risk.” [ad_2] Source link
[ad_1] Renowned venture capitalist and Bitcoin advocate Anthony Pompliano has recently sparked discussions with his post on X addressing the predictions of Bank of America. According to Pompliano’s post, the US government may face a $1.6 trillion annual interest payment by December, should the Federal Reserve persist with its current monetary policies. This projection has … Read more
[ad_1] On-chain data shows the Bitcoin supply in profit has plunged following the latest crash in the asset’s price towards the $65,000 level. Bitcoin Supply In Profit Is Now Down To Around 90% As analyst James Van Straten pointed out in a post on X, around 10% of the BTC supply is now in a … Read more
[ad_1] Goldman Sachs, nowadays one of the few Wall Street banks to do so, isn’t backing away from its negative stance against crypto, as it doesn’t see the value of the asset itself. [ad_2] Source link