Crypto Treasury Inflows Slide To October 2024 Levels—What Happened?
Real estate mogul Grant Cardone thinks he has an answer to what ails the crypto treasury industry — pair Bitcoin with rental income. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says His fund buys multifamily housing, collects rent, and channels the proceeds into additional Bitcoin purchases, giving investors exposure to property appreciation alongside the asset’s price swings. It is a model built for a market that no longer rewards passive accumulation. Companies Search For Ways To Put Bitcoin To Work That shift in thinking comes as the broader....
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Bitcoin’s on-chain activity has shown a sharp slowdown since spot Bitcoin exchange-traded funds (ETFs) launched. While institutional inflows into these products have accelerated, the number of active BTC addresses has declined. As Wall Street embraces BTC exposure, the network’s grassroots participation appears to be undergoing a significant transformation. In an X post, the CEO of SwanDesk, financial analyst Jacob King, pointed out that Bitcoin active addresses have been in a steady decline since the US spot BTC ETFs launched in January 2024, and the irony is obvious. Why Retail....
According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in....
Bitcoin ETF inflows had hit over a billion dollars on their first week of trading. The success of the ETFs saw the digital asset rally towards a new all-time high. Interest in the market grew tremendously among retail and institutional investors alike, leading to a week of record inflows, the highest the market has ever seen in a seven-day period. This demand has been a culmination of growing interest from institutional investors over the past couple of months. Related Reading | MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO However, the past week has....
Over the years, different trends have emerged for the Bitcoin price depending on how the month ends, either in the green or in the red. September has been historically bearish, but the few times that the month has ended in the green, there have been bullish implications for the cryptocurrency. As this month is already shaping up to end in the green, this report takes a look at what has happened in previous years when the month of September has been green. Expect Bullishness From Bitcoin Price If September Closes Green In an X post, crypto analyst Rekt Fencer highlighted an interesting....
According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024, coinciding with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization. ETH Dominates Inflows The report highlights Ethereum’s strong momentum recorded over the past month, with inflows reaching $45 million last week, amounting to the year for over $103 million, outpacing Solana’s inflows year-to-date (YTD). Solana, however,....