Key takeaways Bitcoin trades around $63,500 after recording a modest decline last week. US spot Bitcoin ETFs suffered $389.71 million in net outflows during the week. $BTC has consolidated between $62,300 and $66,500 since mid-July as trading volume and implied volatility decline. Bitcoin ($BTC) trades slightly higher at around $63,500 on Monday after posting a
Recent on-chain data reveals a significant shift in how Bitcoin is held, with self-custody now accounting for 45.6% of the cryptocurrency’s maximum supply of 21 million coins. According to the latest figures, approximately 9.57 million $BTC is held directly by individuals and entities, marking a notable preference for personal control over third-party custody. Breakdown of
Tudor Investment has increased its BlackRock Bitcoin ETF stake by 18.9% in the second quarter, ending a year-long run of reductions while cutting most of its reported call-option exposure to the fund. The Securities and Exchange Commission filing submitted on Aug. 14 showed that the macro hedge fund founded by billionaire Paul Tudor Jones held
Bitcoin price recovered from the $62,700 area as buyers defended a key support zone, but ETF outflows, weak trend signals, and heavy overhead liquidity continue to limit the rebound. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price traded near $63,650 on Aug. 17, up about 1.2% on the day after recovering
Bitcoin is hovering near $63,000 as traders focus on whether $BTC can reclaim the crucial $63,400 resistance area or first sweep lower support before attempting another move toward $65,000. While Michaël van de Poppe sees potential for a rebound after a liquidity sweep, Matthew Dixon’s Elliott Wave analysis suggests a recovery could still precede one
Is “liquidity” the catalyst the market has been waiting for this cycle? Technically speaking, this looks to be a crucial week for Bitcoin. $BTC broke back above its 6-day downtrend with force last week, and the new week has begun with a further 1.7% increase. This has many analysts beginning to believe $BTC could finally
Bitcoin ($BTC) began the week cautiously after falling by more than 3% during the previous week. Bitcoin is attempting to stabilize above the important $62,300 support level, while Ethereum continues to consolidate. XRP, meanwhile, trades near the psychologically significant $1.00 mark as weakening momentum raises the possibility of further losses. Bitcoin stabilizes above the $62,300
Spot Bitcoin ETFs saw $390 million in outflows during the week to August 14, as institutions pulled capital amid rising oil prices and tensions over the Strait of Hormuz. The Bitcoin price has held near $63,500 despite the withdrawal. The selling reflects concerns about inflation and its potential impact on Federal Reserve policy, which observers
Bitcoin continues to trade within a well-defined range, holding near $63,000 despite a week of mixed macroeconomic signals, according to a note from QCP Capital. The crypto trading firm highlighted that softer U.S. consumer and labor data have eased fears of further Federal Reserve tightening, but the path forward remains clouded by rising global oil