On Wednesday, Dec. 18, the 12 spot bitcoin (BTC) exchange-traded funds (ETFs) attracted $ 275.39 million in positive inflows, even as the broader cryptocurrency market faced a downturn and bitcoin briefly dipped below $ 100,000. Ether ETFs Record Modest Gains as Bitcoin Funds Shine Both spot bitcoin ETFs and their ether (ETH) counterparts …
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish Macro Sentiment In its recent market note, QCP Capital observed that […]
Kucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $ 1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $ 1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and …
Leading Privacy Crypto Monero Bounces Back: XMR Surges 25%, Defying Delisting Woes
After the leading privacy crypto token monero experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s daily trading volume, amounting to $ 256.91 million over the past 24 …
Exchange Token FTT’s 200% Spike in 2 Weeks Defies Bankruptcy and Bankman-Fried’s Fraud Conviction Woes
FTT, the exchange token launched by the now defunct cryptocurrency trading platform FTX, has experienced a significant 200% surge in value over the past two weeks, surpassing the $ 3 per unit mark. Ranking as the fifth largest exchange coin in terms of market capitalization, FTT stands below prominent counterparts like BNB, LEO, OKB, …