US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in net outflows last week, reversing after three consecutive weeks of inflows, while Ether ETFs moved the other way with nearly $197 million in net inflows. According to Farside Investors, the withdrawals ran across all four trading sessions from Tuesday to Friday. The outflows followed the
U.S. technology and artificial intelligence stocks fell in pre-market trading Monday after leading CEOs renewed concerns about the pace of AI development over the weekend. Cryptocurrencies, in contrast, rose. Bitcoin BTC$77,568.78 gained about 1% over the past 24 hours to $77,800, while ether ETH$2,513.85 added 1% to $2,500. Anthropic CEO Dario Amodei called for the
On-chain analytics company CryptoQuant stated that Bitcoin maintains its bullish outlook, but a break above the $81,700 resistance level is necessary to confirm a new bull market. Julio Moreno, the company’s head of research, noted that after Bitcoin’s 24% rise in two weeks, the movement has stalled, with the price trading between $76,000 and $82,000.
Goldman Sachs announced that it expects the US Federal Reserve (Fed) to raise interest rates by 25 basis points at its September monetary policy meeting. The bank revised its previous forecast that the Fed would not change interest rates, shifting its expectation to a rate hike. According to Jin10, a China-based financial news source, Goldman
Bitwise Investment Director Matt Hougan said that despite Strategy selling over $200 million worth of Bitcoin, the rise in the BTC price indicates strong buying demand in the market. Hougan stated that the sale does not mean the company is experiencing financial difficulties, but rather was carried out as part of capital management. According to
Chainlink has recently reported ten new integrations across five different services and four blockchain networks. This update highlights its growing influence in the decentralized finance (DeFi) space. As noted in a recent tweet by Chainlink, users like Aave and Bottomline Pay are among the adopters, signaling a potential increase in transaction capabilities and user engagement.
Bloomberg Intelligence senior commodities strategist Mike McGlone said that high equity valuations and expectations that the Fed may raise interest rates again are creating strong sell signals for Bitcoin ($BTC). McGlone noted that Bitcoin’s performance over the past five years has been roughly on par with the S&P 500 index, but $BTC has experienced approximately
Sophisticated actors, including nation-states, are quietly collecting encrypted data with the sole intention of unlocking it once quantum computing matures. Because organizations are legally required to store identity logs, records, and sensitive data for years, that data remains vulnerable to future decryption. A very real strategy called harvest now, decrypt later is already in play.
A major change has taken place in the Bitcoin market: its main long-term support level, the 200-week moving average (200WMA), has officially risen above $65,000. Blockstream CEO Adam Back drew attention to this milestone by sharing a new chart from Look Into Bitcoin. The market’s mathematical “floor” has reached a new all-time high, climbing from
Bitcoin traded below $77,000 on Sunday as a weak week extended into the weekend, leaving traders facing fresh AI uncertainty and an approaching Federal Reserve meeting. Bitcoin traded at $76,695 near press time, down 0.80% over 24 hours and 4.08% over seven days. The retreat puts the cryptocurrency back near a price area it visited