Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
The US spot Bitcoin ETF issuers have registered four consecutive days of notable cash outflow leading to a bearish outlook for the entire altcoin industry.
With the Chang hardfork going live, ADA holders will be in control of Cardano’s governance thereby voting on key development projects and electing representatives.
The decreasing supply of Bitcoin on exchanges comes as analysts forecast a potential rally in the fourth quarter of 2024.
The court ruled that the case against Musk and Tesla, regarding their Dogecoin relationship, was not based on facts but on personal opinions and hopes.
Although the long-term prospects for Bitcoin seem bright, its positive correlation with the altcoin industry suggests a rising confidence in the altcoin sector.
The case against Durov has drawn significant public and media attention, partly due to his reputation as a staunch advocate of privacy and freedom of expression.
So far in 2024, US spot Bitcoin ETFs have had $17.95 billion flow into them.
Bitcoin traders who anticipated further bullish trends based on last week’s dovish comments from the US Federal Reserve were liquidated earlier today.
Polymarket data shows a 78% chance of release before October, with shares trading at 78 cents, promising a $1 USDC payout if predictions are correct.
Several technical indicators combined with fundamental aspects have shown that Ethereum price has low midterm bullish sentiment.
The eight-day streak in net inflows is a strong indicator that investors are increasingly viewing Bitcoin ETFs as a strategic addition to their portfolios.
With the ongoing EU focus on regulating big tech, Durov’s arrest could push Telegram into a more collaborative stance with government regulators, something the company has fiercely resisted until now.
This was the highest net inflow recorded by the funds in a single day since July 23.
Bitcoin has made a comeback, especially after falling below $50,000 in the first week of August.