Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?
The story
Rising Bitcoin ETF outflows and liquidations signal short-term caution, but a weak DXY and the eventual appointment of a new Fed chair could resume the rally.
From the source
Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed spot Bitcoin exchange-traded funds (ETFs) posted $268 million in net outflows on Thursday.
Meanwhile, $270 million in leveraged bullish Bitcoin futures positions were liquidated within 24 hours, forcing investors to evaluate whether a sustained bear market is finally taking hold.
Who and what
Key names and topics in this story: Bitcoin.
Where to follow next
- Read the full piece at cointelegraph.com
- More from our Crypto & web3 coverage
Related stories
Bitcoin Holds $80K as Institutional Adoption Accelerates
Bitcoin faces pressure around the $80,000 level as institutional adoption gains momentum, while major crypto firms report mixed quarterly results and legal battles reshape the competitive landscape.
US government peace hopes boost stocks, gold, and Bitcoin as crude sinks
The convergence of rising stocks, gold, and Bitcoin amid peace hopes highlights shifting investor strategies and evolving asset roles. The post US government peace hopes boost stocks, gold, and Bitcoin as crude sinks appeared first on Crypto Briefing .
Crypto Biz: Wall Street wants more than just Bitcoin
Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption.
US strikes two empty Iranian oil tankers as Bitcoin sheds $58 billion in market cap
The US-Iran confrontation heightens geopolitical tensions, impacting global oil prices and financial markets, with Bitcoin's volatility reflecting investor anxiety. The post US strikes two empty Iranian oil tankers as Bitcoin sheds $58 billion in market cap appeared first on Cryp