
April 30th, 2025
The record open interest, along with other market indicators, points to a potential breakout for Bitcoin’s price.
The Bitcoin fear and greed index rallied to 74 on Monday as the underlying value spiked above $69k for the first time since early June.
BlackRock urged its customers to refrain from conducting any transaction that they find fraudulent.
Bitcoin dominance has gradually risen beyond 56 percent following the poor performance of the spot Ether ETFs in the past three days.
The launch of the spot Bitcoin ETFs in the United States has been a highly successful event with assets under management close to $55 billion within six months of launch.
Ark Invest’s current ARKB holdings in the ARKW ETF have a value of $162.5 million.
Industry experts believe that SOL is an appealing candidate for future ETFs due to its unique market position and technological advancements.
Bitcoin price could retrace to the support level above $60K before following gold and major stock indexes in further price discovery.
With the latest registered inflow, the offering’s total net flow in the last 12 trading sessions has nearly reached $2 billion.
The German government’s sale of 50,000 BTC for $2.87 billion has removed a large supply from the market, easing selling pressure and paving the way for price appreciation.
A multi-crypto ETF is an investment fund that holds a diversified portfolio of cryptocurrencies, such as Bitcoin, Ethereum, and Solana, within a single security.
Despite the positive performance this week, crypto traders remain cautious. Blockchain market intelligence firm Santiment has recently noted a decline in positive Bitcoin commentary on social media compared to four months ago.
On July 17, BlackRock’s Bitcoin ETF, known as IBIT, recorded the highest inflow in a single day, bringing in a total of $110.37 million.
After registering over $1.4 billion in cash inflows last week, US-based spot Bitcoin ETFs reported over $420 million on Tuesday.
Kaiko said that the arrival of spot Ethereum ETf could further improve the liquidity conditions for ETH. Additionally, it could also help in reducing ETH price volatility over time.