As Bitcoin (BTC) continues to enjoy an extended stint above the crucial $110,000 support zone, technical indicators are flashing warning signs. This comes as Bitcoin retreated further from the $120,000 resistance level amid a broader cryptocurrency market downturn. Looking at the price outlook, the asset’s weekly Relative Strength Index (RSI) has dropped below the 14-week
On Tuesday, Bitcoin exchange-traded funds (ETFs) logged their fourth consecutive day of net outflows, marking the longest streak of withdrawals since April. This sustained capital exit reflects the downturn in market sentiment, which could push BTC’s price lower in the near term. Bitcoin ETF Outflows Top $1 Billion in 4 Days as Institutional Bulls Retreat
Story Highlights Bitcoin ETFs record fourth straight day of outflows, totaling a massive $1.5 billion. Major funds like FBTC, ARKB, and IBIT saw steep outflows amid market fears. Rising stagflation concerns in U.S. economy trigger panic and institutional sell-off in Bitcoin. Meanwhile, Ethereum ETFs show signs of recovery, bringing in $73M after Monday’s $465M inflow.
Walrus, a popular decentralized data storage platform, has recently integrated with Pipe Network, a prominent decentralized content delivery network (CDN). The integration endeavors to enhance bandwidth as well as minimize latency across chains. Walrus’s official social announcement labels this integration as a remarkable merger of the strengths of both the entities. The collaboration will enable
For a while, I was skeptical of bitcoin treasuries. All these bitcoin companies felt like another fiat-financial stunt, another way to play games with debt and derivatives while co-opting Bitcoin’s name. I didn’t want bitcoin financialized. I wanted it to flourish — cleanly, directly and outside the grasp of Wall Street. But then I sat
H100 Group AB has officially become the largest publicly listed Bitcoin holder in the Nordic region. The company announced the acquisition of 60.6 additional BTC at an average price of SEK 1,114,588 per coin. This latest purchase brings its total Bitcoin holdings to 763.2 BTC, a notable leap from the 6.2 BTC it held on
South Korea’s first Korean won-backed stablecoin was recently launched in a test run by fanC in collaboration with financial software firm Initech. Could this be the start of Korea’s stablecoin bid? Summary fanC and Initech have launched the first Korean won-backed stablecoin pilot. Major fintech and crypto-related firms in South Korea have been gearing up
Investors’ appetite for risk seems to weaken as Bitcoin (BTC) signals weakness and altcoin traders capitulate. According to the latest edition of the Bitfinex Alpha report, BTC slipped below its three-week range floor near $115,800 late last week. On August 5, BTC tagged $112,722.10 in early trading hours, while also flipping former support into potential
The Smarter Web Company has launched a new Bitcoin-denominated bond called Smarter Convert. This interest-free capital-raising initiative raised $21 million through a full subscription by TOBAM, a respected French asset management firm. TOBAM subscribed via three of its managed funds, marking a pioneering step in UK capital markets. The firm has maintained exposure to Bitcoin
Occams Advisory, a global consulting firm focused on middle-market growth, has officially added Bitcoin to its treasury strategy. The firm acquired 10 BTC for approximately $1.03 million, with an average price of $102,995 per coin. Occams completed the purchase via 21 Million Inc., a Canadian entity focused on Bitcoin accumulation and strategic investment. The company