24 Articles
24 Articles
Bitcoin Reclaims $61K as Cooling Labor Market Boosts ETF Buying
Bitcoin climbed above $61,000 after weaker U.S. jobs data eased rate hike concerns. Spot Bitcoin ETFs recorded $221.7 million in inflows after ten straight outflow sessions. Traders now watch $62,700 and $65,000 as key resistance levels. Bitcoin — BTC, found fresh momentum after encouraging economic data changed market expectations. A weaker U.S. jobs report eased concerns about another Federal Reserve rate hike. That shift helped buyers return …
Spot Bitcoin ETFs End 10-Day Outflow Streak as Bitcoin Surpasses $62,000
The cryptocurrency market regained momentum after U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a combined $222 million in daily net inflows, bringing an end to a 10-day streak of capital outflows. The renewed investor interest coincided with Bitcoin climbing above the $62,000 mark, signaling a notable improvement in market sentiment. These developments suggest that institutional […] The post Spot Bitcoin ETFs End 10-Day Outflow Streak…
After ten consecutive sessions of capital outflows, the U.S. Bitcoin spot ETFs have finally recovered colors with $221.7 million of net subscriptions. This rebound puts an end to a historical sequence of disengagement that had weakened the sentiment of institutional investors. Is it the first signal of a sustainable return of capital or a mere respite in a still fragile trend? Behind this recovery there are major divergences between issuers and …
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