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U.S. spot Bitcoin exchange-traded funds recorded their third-largest weekly outflows since launch, with $1.22 billion in net redemptions. Summary US Bitcoin ETFs logged $1.22 billion in combined net outflows over the past week. On Friday, these funds recorded the largest single-day outflows since August, with over $555 million in outflows. Bitcoin’s price has started to…
The U.S. Senate has advanced a bipartisan funding bill late Sunday night that could end the ongoing government shutdown. The resolution of the shutdown could signal a fresh wave of optimism for risk assets like crypto, and these 3 altcoins could be next to run. Summary ICP is consolidating above 0.382 Fib after the recent…
ZKsync price is cooling off after the recent 200% rally but retains bullish structure by holding key support at $0.045. Can this momentum withstand sell pressure from the upcoming token unlock? Summary ZKsync price has recently seen a strong rally, but a looming token unlock threatens to invalidate the current bullish structure. Investor focus on…
Chinese scammer Zhimin Qian, who defrauded over 128,000 victims and stashed billions in Bitcoin, is expected to face more than a decade in prison. Summary Chinese scammer Zhimin Qian can face up to 14 years in prison for her role in a multi-billion-dollar Ponzi scheme in China. UK police seized more than 61,000 BTC from…
Matrixport analysts noted that the recent Bitcoin rebound back to $105,000 remains to be tested as indicators point to a possible pull-back despite short-term catalysts. Summary Matrixport warns of a limited rebound period for Bitcoin plagued by brief consolidation and possible pullbacks despite short-term catalysts like the potential end of the U.S. government shutdown and…
The crypto market is soaring today, with Bitcoin price rising past $106,000, down from this week’s low of $99,400, and the valuation of all tokens recovering back to $3.67 trillion. Summary Crypto markets surged back to over $3.67 trillion on Monday. Bullish macro developments are helping fuel today’s recovery. Over $260m in short positions were…
Chainlink price has bounced on the daily, but weekly chart suggests it’s just a short-term relief rally within a broader bearish structure. Summary Chainlink price has bounced from $13.70 low and is eyeing $17.50 descending channel resistance, but a weekly Head and Shoulders pattern keeps the broader trend bearish. The technical weakness in Chainlink price…
Acting Commodities Futures Trading Commission Chairman Caroline Pham is pushing for the launch of leveraged spot crypto trading as soon as next month and has already held direct talks with regulated exchanges to bring the products to market. Summary CFTC acting chair Caroline Pham is working with regulated exchanges to launch leveraged spot crypto trading…
XRP price momentum appears to be back powered by exchange-traded fund listing expectations that could bring in billions in Wall Street capital. Summary XRP price up 8.7% to $2.46 with heavy trading volume. Multiple spot XRP ETFs listed on DTCC ahead of SEC greenlight. Technicals show growing strength, with $2.70 key resistance level. XRP is…
