Bitcoin ETF
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Cryptocurrency
Bitcoin ETF Sees Record $672M Outflow as Price Falls Below $97K
In the ever-volatile landscape of cryptocurrency, the past 24 hours have been particularly tumultuous. A staggering 361,972 traders faced liquidation, collectively losing over $1.17 billion. This financial upheaval followed a 7% drop in Bitcoin’s value, plummeting to a low of $95,500. This decline came hot on the heels of Bitcoin’s historic high of $108,268, marking a sharp 12% loss in a mere three days. The crypto market’s turmoil has not…
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Cryptocurrency
Bitcoin ETF Sees Record $672M Outflow Amid Price Dip Below $97K
The cryptocurrency market has experienced significant turbulence in the past 24 hours, with 361,972 traders facing liquidations amounting to losses exceeding $1.17 billion. This dramatic turn of events was triggered by a substantial decline in Bitcoin’s price, which plummeted by 7%, reaching a low of $95,500. This decline followed a recent peak of $108,268, resulting in a loss of approximately 12% of its value within just three days. Investors hastily…
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Cryptocurrency
SEC Approves Combined Bitcoin and Ethereum ETFs
Bitcoin Meets Ethereum in a Balanced Package The recent approval of two pioneering ETFs by the SEC has marked a significant milestone in the cryptocurrency landscape. Introducing the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, these offerings are far from typical crypto investments. They uniquely blend spot Bitcoin and Ethereum into a single, streamlined package, simplifying and potentially safeguarding the investment process in the two…
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Cryptocurrency
SEC Approves New ETFs Combining Bitcoin and Ethereum
The world of cryptocurrency has taken a historic step forward as the U.S. Securities and Exchange Commission (SEC) greenlights two pioneering Exchange Traded Funds (ETFs): the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These ETFs are not typical crypto investments; they uniquely blend spot Bitcoin and Ethereum into a single, user-friendly package. This innovation aims to make investing in the two largest digital currencies more…
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Cryptocurrency
Solana and XRP Encounter Setbacks, While Litecoin and HBAR Take the Lead
As 2024 draws to a close, the cryptocurrency market is buzzing with excitement. Bitcoin has reached an unprecedented all-time high (ATH) of $107,000, painting the altcoin market in vibrant green. This bullish trend is largely driven by expectations of interest rate cuts in December, a factor that historically favors Bitcoin. Additionally, the inclusion of MicroStrategy in the Nasdaq 100 index has further fueled the rally. The Anticipation of New Crypto…
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Cryptocurrency
Solana and XRP Encounter Setbacks, While Litecoin and HBAR Take the Lead
Bitcoin Reaches New Heights as 2024 Draws to a Close As 2024 comes to an end, Bitcoin has surged to a new all-time high of $107,000, with many altcoins also witnessing a bullish trend. This remarkable rally can be attributed to several factors, including anticipated interest rate cuts in December, which have historically favored Bitcoin. Another significant contributor to this upward momentum is MicroStrategy’s recent inclusion in the Nasdaq 100…
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Cryptocurrency
Institutional Demand Drives Bitcoin ETF Inflows to Reach $223M
Bitcoin (BTC) experienced a significant rally, surging over 5% on Wednesday after bouncing back from a crucial support zone between $94,300 and $96,600 earlier this week. The leading cryptocurrency revisited its previous all-time high (ATH) range of $101,219 to $101,998 before making a slight dip to around $100,780 on Thursday, December 12, during the mid-London trading session. The Bitcoin Futures Open Interest (OI) saw a 6% increase, reaching approximately $62.8…
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Cryptocurrency
Bitcoin ETF Attracts $223M Amid Rising Institutional Interest
Bitcoin’s Recent Rally and Market Dynamics Bitcoin (BTC) witnessed a notable upward movement, climbing over 5% on Wednesday. This surge followed a rebound from the crucial support range between $94,300 and $96,600 earlier in the week. The leading cryptocurrency revisited its previous all-time high (ATH) range of $101,219 to $101,998 before experiencing a slight pullback, trading at approximately $100,780 on Thursday, December 12, during the mid-London session. Additionally, the Bitcoin…
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Cryptocurrency
Implications for Bitcoin’s Future
BlackRock’s Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), has achieved an extraordinary milestone by surpassing $50 billion in assets in just 228 days. This astonishing feat makes it the fastest-growing ETF in history, outpacing previous records by a significant margin. For comparison, BlackRock’s iShares Core MSCI EAFE ETF took over 1,300 days to reach the same asset level. Bitcoin’s Big Breakthrough and IBIT’s Rocket Growth This year, Bitcoin…
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Cryptocurrency
Bitcoin ETFs Experience $438M Outflows Amid Varied November Performance
In the rapidly evolving world of cryptocurrencies, the United States spot Bitcoin exchange-traded funds (ETFs) have been closely watched by investors and analysts alike. Despite a promising start with over $3 billion in cash inflows in the preceding week, the last week of November saw a shift in momentum as these ETFs experienced a significant downturn. This article delves into the intricate details of this shift, examining the factors contributing…
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