The US spot Bitcoin ETFs registered a notable net cash outflow on Monday after recording more than $2.2 billion in cash inflows last week.
Deutsche Telekom and Bankhaus Metzler’s pilot project converts surplus renewable energy into Bitcoin mining, enhancing grid stability and financial innovation.
Bitcoin price is expected to significantly benefit in the long haul from the ongoing shift in monetary policies in major economies geared towards growth.
The latest BTC shift coincides with recent market corrections, with Bitcoin experiencing a 4.40% decline from its October 30 peak of $73,300 to a brief low below $69,150 at the time of writing.
The majority of the US spot Bitcoin ETF issuers registered notable cash outflows apart from BlackRock’s IBIT which continued with its accumulation.
Reacting to Kiyosaki’s post, a crypto commentator stated that Bitcoin stands as a shield in this period when the price of fiat currencies depreciates so badly.
Bitcoin Founder Satoshi Nakamoto published the coins Whitepaper on this day 16 years ago.
Bitcoin price will likely end October in a bullish narrative, which will extend in the remaining weeks of 2024 amid high-impact news ahead.
While Fibonacci levels have proven reliable in past cycles, market experts caution that Bitcoin’s performance may now be influenced by new dynamics, including increasing institutional interest and global economic pressures.
Bitcoin’s ATH journey succeeded in the EU and Canada but in American, the struggle continues.
The US spot Bitcoin ETF issuers purchased nearly $1 billion worth of BTCs on Tuesday led by BlackRock’s IBIT.
Jimmy Patronis, Florida’s chief financial officer, has urged the Florida State Board of Administration (SBA) to explore investing in Bitcoin as part of the state pension funds.
Himanshu Maradiya, the founder of CIFDAQ Blockchain, acknowledges the ambitious nature of predicting Bitcoin to reach $1,000,000 by 2025.
The timing of this transfer has raised questions about the country’s crypto plans.
China’s initiation of quantitative easing for the first time since 2007 signals a major shift in monetary policy that could lead to asset price inflation and significantly impact global markets, including Bitcoin.