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The negative shift suggests a weakening demand for Bitcoin in the US, coinciding with slowed inflows into spot ETFs and a record outflow from Grayscale’s ETF.
As we are just 3-4 weeks away from Bitcoin halving, BTC price has reportedly entered a danger zone where investors need to be cautious of the upcoming volatility.
The recent decline in Bitcoin’s value may be partly attributed to traders’ growing interest in speculative memecoins that offer limited liquidity.
Heightened Bitcoin price volatility in the past 24 hours triggered over $349 million in crypto liquidation from leverage trading.
Macroeconomic factors have played a huge role in driving Bitcoin price higher.
The SEC has pushed making a decision on an application from the Cboe seeking to trade Bitcoin ETF Options. The agency will decide by April.
The Grayscale’s GDIF will enable investors to earn passively from staking APT, TIA, CBETH, ATOM, NEAR, OSMO, DOT, SEI, and SOL.
Bitcoin hits a new all-time high of $69,170 driven by US regulators’ approval of ETFs and rising investor confidence. Analysts weigh in on Bitcoin’s future amidst market euphoria.
Bitcoin’s recent surge is driven by robust demand from new US spot Bitcoin ETFs with BlackRock Inc and Fidelity Investments garnering over $7 billion in net inflows since their launch on January 11.
The recent price surge has led to a spike in liquidations of leveraged Bitcoin positions, particularly short positions.
The massive Bitcoin price rally in 2024 is majorly due to the continuous inflows into the Bitcoin ETFs launched in January.
A report by JPMorgan forecasts a potential correction in BTC price to as low as $42,000 following the April halving when miner rewards will be halved for the fourth time in Bitcoin’s history.
The success of the BlackRock iShares Bitcoin Trust IBIT in the United States serves as a testament to the growing appetite for crypto investment products.
Commenting on Bitcoin’s recent movements, Mike Novogratz, CEO of Galaxy Digital, noted that BTC is in a price discovery phase, fueled by increased accessibility to US investors.
Morgan Stanley is well known for its leadership in alternative investments and the private market sector, with assets under management exceeding $150 billion.