Investors pulled money out of Bitcoin and Ethereum ETFs last week but threw cash at funds giving altcoin exposure, a new report on global crypto ETF investments shows. Data from digital asset manager CoinShares shows that while investors pulled cash out of the two biggest digital coins last week, helping fuel price declines, other investors
A new move came from Kazakhstan, which partnered with the Solana (SOL) Foundation last June and announced plans to establish a Bitcoin (BTC) reserve. Accordingly, Kazakhstan announced the establishment of a state-owned cryptocurrency fund. The official statement announced the launch of the state-owned cryptocurrency fund, the Alem Crypto Fund. It was stated that the strategic
BTC$113,958.54 traders are once again placing bold bets on perpetual futures, undeterred by recent volatility that triggered a significant unwind of leveraged long positions. Singapore-based QCP Capital reported on Monday that open interest in perpetuals (futures with no expiration) is increasing, along with funding rates across major centralized and decentralized exchanges, signaling a strong bias
There is a major connection between Bitcoin and the United States Dollar. For traders, the Dollar Index (DXY) has always had a complicated relationship with the digital gold. As global investors gravitate toward safer assets, Bitcoin has historically tended to decline when the dollar gains strength. This pattern may recur according to the most recent
Market activity is likely to be overshadowed by Friday’s monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world’s largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX,
Bitcoin traders counting on upcoming U.S. employment data to gauge whether the Federal Reserve will lower interest rates again might be waiting a while as the government nears a potential shutdown. And how Bitcoin reacts to such an event remains uncertain, analysts say, potentially heightening near-term volatility. Past shutdowns have had differing affects on the
Bitcoin hits $112k, fueled by institutional buying. Strategy added 196 BTC, increasing its holdings to 640,031 BTC. Analysts see potential for $120,000 but warn of volatility risks. Bitcoin (BTC) has surged to $112k, fueled by renewed institutional interest and a significant acquisition by Strategy, the world’s largest corporate Bitcoin holder. Strategy acquires 196 BTC, holdings
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Wall Street saw an upbeat opening on Monday, with cryptocurrencies also climbing slightly as investors turned their attention to U.S. President Donald Trump’s efforts to avert a looming government shutdown. Summary S&P 500 and Nasdaq climbed as stocks gained while Dow Jones Industrial Average hovered near the flatline. Wall Street was upbeat ahead of Trump’s