Bitcoin Leads Investment Flows As Ethereum Slips, What This Says On Market Se...
Bitcoin remains strong on lower timeframes but could see some short-lived downside pressure after being rejected at the $45,500 price point. The first crypto by market cap took an upside trajectory last week on the back of several bullish headlines, and an increase in demand. Related Reading | TA: Bitcoin is Surging, Why Bulls Could Aim More Upsides As of press time, Bitcoin trades at $43,816 with a 1.2% and 13.5% profit in the last 24 hours and 7 days, respectively. Data from ByteTree suggest Bitcoin’s latest price action is “encouraging”, but BTC’s price needs to go above the....
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Bitcoin price is dipping a bit while ether flows display Uniswap’s prominent market position.
Crypto-based investment products continued their positive streak after recording nearly $1 billion in inflows this week, seemingly fueled by the upcoming US Presidential elections. Bitcoin (BTC) led the positive net flows for the third consecutive week, making October the fourth largest month of crypto investment product inflows on record. Related Reading: US Investors Hold 4.9% […]
A recent report revealed that crypto-based investment products saw significant outflows last week. The negative flows, led by the largest cryptocurrency by market capitalization, surpassed $300 million on August 31, suggesting a broader adverse sentiment among investors in various regions. Related Reading: FTX Repayment Plan Faces Potential Hurdle From SEC Scrutiny The US Leads Crypto […]
According to the latest report from Coinshares, global crypto investment products saw a significant rebound with $436 million in net inflows last week alone, driven largely by Bitcoin’s resurgence. CoinShares noted that this marks a return to positive flows after two consecutive weeks of net outflows. Behind these positive flows are major asset managers such […]
Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars worth of coins leaving exchanges weekly as investors moved them out. Even now, the exchange outflows have continued despite the recovery in the price of bitcoin and Ethereum, showing that investors are not slowing down their buying. Bitcoin, Ethereum Net Flows Still Negative The exchange net flows for the past two weeks have been coming out negative for both Bitcoin and Ethereum. The same has been the case on a daily basis where....