BItcoin price faltered at $64K again — Here is why
Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.
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Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.
The outflows from crypto investment products in the last week followed a series of inflows totaling nearly $2 billion in the previous three weeks.
Bitcoin broke above $65,000 mark during late trading on Sept. 26, with the day bringing over $360 million in inflows to United States-listed spot Bitcoin […]
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?
The Bitcoin price increased 8% amid BTC investment products seeing $543 million in inflows last week.
Around 80% of the past fortnight’s spot Bitcoin ETF trading days have had positive flows, despite Bitcoin seeing sideways price action.
Ethereum funds also lead Bitcoin ETPs on monthly performance with $150 million in inflows so far this month.
The newly launched nine spot Ether ETFs had a positive overall net inflow of $105 million for the week beginning Aug. 5.
ByBit, Crypto.com and OKX’s net asset inflows have also increased by $301.4 million, $107.8 million and $97.7 million over the last 24 hours.
“When the net flows turn positive and accelerate, this will be a strong driver for the price of Ether,” said Katalin Tischhauser, Head of Investment […]
