Over the past week, bitcoin has exhibited a downward trend, with its price stabilizing at around $ 62,950 to $ 63,125 per unit as of April 27. Despite this dip, the Crypto Fear and Greed Index remains firmly in the “greed” sector. According to Google Trends, interest in the term “bitcoin” has diminished, …
Bitcoin Technical Analysis: BTC Sees Subdued Trading Amid Bearish Signals
As of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $ 64,095. Amid a wider range between $ 62,923 and $ 65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators. Bitcoin Bitcoin’s oscillators are predominantly …
Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC
The world’s largest asset manager with $ 10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow …
World Gold Council Sees Gold as Underowned, Forecasts Continued Rally
The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious metal’s low ownership levels. World Gold Council Paints […]
Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $ 36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $ 159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells …