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Bitwise’s BITB registered a net cash inflow of over $9 million on Wednesday, signaling rising confidence for Bitcoin among institutional investors.
Bitcoin price is not yet out of the woods as investors speculate on midterm economic uncertainties in the United States.
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.
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.
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.
Bitcoin has made a comeback, especially after falling below $50,000 in the first week of August.
The anticipated US interest rate cut in September will rejuvenate Bitcoin bulls after more than five months of choppy consolidation below $72K.
The French agency OFMIN has targeted Durov for not integrating strict measures on his platform to control the illicit usage of Telegram.