Ethereum is facing some of its toughest challenges, with market sentiment turning negative. The cryptocurrency’s performance has lagged, its regulatory outlook remains uncertain, and competition from newer blockchains like Solana is intensifying. However, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, believes its foundational strengths in key sectors like stablecoins …
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US spot Bitcoin ETFs logged $187 million in net inflows yesterday as BTC hovers around $60,000
by James Huntby James HuntU.S. spot Bitcoin exchange-traded funds registered net inflows of $186.8 million on Tuesday, extending their positive streak to four days, totaling more than half a billion dollars. BlackRock’s IBIT ETF generated positive flows for the first time in three weeks on Monday but returned to zero flows yesterday as Fidelity’s …
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In the recent Financial Markets Quality Conference 2024, Ripple’s Chief Legal Officer, Stuart Alderoty spoke along with the high-ranking representatives of crypto giants like Robinhood, Grayscale, and others. He yet again reflected on the lack of clear cryptocurrency regulations in the U.S., and referred to the situation as a ‘regulatory …
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Bitcoin ETFs recorded net inflows of $186.8 million on Sept. 17, up from $12.8 million the previous day. Fidelity led with $56.6 million, followed by Bitwise and Ark at $45.4 million and $42.2 million, respectively. VanEck and Invesco also saw positive flows, bringing in $20.5 million and $10.2 million. In …
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Bitcoin (BTC) is holding steady around the $60,000 mark, showing resilience just hours before the Federal Reserve is set to announce its interest rate decision later on Wednesday. The leading cryptocurrency is trading 2.5% higher during European trading hours on Wednesday, while Ethereum (ETH), the second-largest cryptocurrency by market cap, …
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Bitcoin exchange-traded funds (ETFs) are seeing a fresh surge of interest. Figures shared by blockchain data firm Arkham Intelligence show that the American funds collectively added approximately $250 million worth of Bitcoin on Monday, the most added in a single day for more than a month. Following the jump, the …
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BlackRock’s IBIT clocks first daily net inflows in three weeks as spot Bitcoin ETFs attract $12.8 million
by James Huntby James HuntBlackRock’s IBIT spot Bitcoin exchange-traded fund witnessed its first daily net inflows since Aug. 26 yesterday, totaling $15.8 million. In its longest daily run without positive flows since the spot Bitcoin ETFs began trading in January, the three-week streak had produced 11 trading days of zero flows and two days …
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The Daily: WalletConnect to airdrop 185 million WCT, Trump-backed World Liberty Financial unveils WLFI token plans and more
by James Huntby James HuntHappy Tuesday! In today’s Daily, WalletConnect is set to airdrop 185 million WCT tokens, the Donald Trump-backed World Liberty Financial DeFi project unveils its own token plans, BlackRock’s spot Bitcoin ETF clocks its first daily net inflows in three weeks and more. Let’s get started. WalletConnect set to airdrop 185 …
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This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices CoinDesk 20 Index: 1,838.51 +0.82% Bitcoin (BTC): $59,071.10 +0.46% Ether (ETH): $2,310.05 +0.23% S&P 500: 5,633.09 +0.13% Gold: $2,575.42 -0.32% …
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The crypto market is treading water ahead of a critical U.S. Federal Reserve interest rate decision on Wednesday, with Bitcoin (BTC) trading at $58,500, down 0.2%, and Ethereum (ETH) up slightly by 0.3% to $2,305. Experts are raising red flags about Bitcoin’s resistance levels and the potential for volatility, particularly …