Why Is Bitcoin Stagnant Despite ETF Inflows? Report Answers

Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which… Continue reading Why Is Bitcoin Stagnant Despite ETF Inflows? Report Answers

Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced price volatility amid its struggle to consolidate above the crucial $70,000 resistance line. Recent reports of the collapsed Mt.Gox exchange processing payouts to its creditors have added to the cautious sentiment.  However, wealth management firm Bernstein remains bullish, predicting significant growth in the Bitcoin ETF… Continue reading Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein

Bitcoin ETF Inflows Soar To Highest Level In Months As BTC Price Surges Past $68,000

After enduring a significant 20% price correction earlier this month that saw Bitcoin fall below $56,400 and increased outflows from the Bitcoin ETF market, the world’s largest cryptocurrency has managed to stage a strong comeback. It has broken above the key $66,000 resistance level and turned it into a new support zone. BTC Bounces Back… Continue reading Bitcoin ETF Inflows Soar To Highest Level In Months As BTC Price Surges Past $68,000

Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch

The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows… Continue reading Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch

Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021

Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April… Continue reading Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021