62% Of Bitcoin ETF Inflows Underwater As Price Crashes To $76,000

Despite seeing multiple crashes over the last few months, the expectations for the Bitcoin (BTC) price remain incredibly high following a spike in exchange-traded fund (ETF) inflows. Leading this forecast is crypto analyst Micky Bull, who has unveiled another bullish prediction, putting the BTC price above the coveted $100,000 mark. Bitcoin ETFs Positive Inflow To […]

Bitcoin recovered above $50K on Tuesday following a rallying that pulled the market back into the green. October has so far been good for the digital asset and investors have begun to return again into the market amid recovering prices. On the investment front, inflows show that institutional interest in bitcoin is returning after inflows had fallen short of expectations in the previous weeks. Bitcoin Makes Up 76.6% Of Weekly Inflows A report published by CoinShares shows that bitcoin inflows had picked back up. Altcoins had been taking more market share as their popularity grew due to the....

Cardano has flexed its muscles in the latest iteration of inflows coming into the market. Inflows have been steady the past couple of months, currently at 13 consecutive weeks of inflows for the market. Bitcoin and altcoins alike have benefited from the inflows which have indicated institutional interest piquing in the market. However, Cardano looks to have enjoyed the most benefits amongst the altcoins from last week’s inflows. Cardano Leading The Pack Cardano saw positive inflows for last week which put it ahead of other altcoins. Total inflows for the week had come out to $151 million....

Cardano and Solana have led the charge of altcoins in the recent round of inflows into the crypto market. Altcoins saw increased inflows alongside bitcoin, which had seen increasing interest from investors after the first bitcoin ETF had been approved and began trading last week. Last week recorded the highest amount of institutional inflows coming into the market. Institutional investors are now upping their stake in the market with the recent gains recorded across the market. Most notably has been the price of bitcoin which had broken a new all-time high following the trading of the....

The price of bitcoin has had an eventful start to the month of August, and it doesn’t look like it will be stopping anytime soon. Mostly, it is the residual effects of what happened in the markets during the month of July, where the price of bitcoin had actually broken above $24,000. In the same vein, the institutional inflows have a lot to say about bitcoin, especially when it comes to how big money is looking at the digital asset. Bitcoin Inflows Grow Strong Bitcoin inflows for the month of July had actually maintained a steady uptrend. The digital asset was able to receive another $85....