US Spot Bitcoin ETFs Pull in Nearly $1B for a Third Straight Week
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
Bitcoin
30
August
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By John Isige - 361
The government of El Salvador has redistributed its National Strategic Bitcoin Reserve of 6,284 BTC (~$680 million) across 14 new addresses due to a potential risk from quantum computing.
29
August
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By Andrew Bennett - 422
On the daily chart of the leading cryptocurrency, two bullish “megaphone” patterns have formed, potentially signaling preparation for new all-time highs, Cointelegraph reports
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By Andrew Bennett
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Closing the week above $114,000 would be a “big step” for Bitcoin, supporting positive sentiment. This was stated by trader Sam Price.
28
August
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By Andrew Bennett
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Bitcoin corrects 12 percent, and investors fear the end of the bull market. But analysis shows the bull market is intact — and could soon lead to new all-time highs.
27
August
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By John Isige
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A large Bitcoin holder transferred 750 BTC (worth $83.3 million) to Binance after years of inactivity. The coins were purchased in 2013 at around $332 per BTC. According to on-chain data, the total profit from these assets is estimated at $510 million.
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By John Isige
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The $110,000 mark is considered a “lifeline” for the leading cryptocurrency, according to Swissblock.
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By John Isige
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Bitcoin is showing weakness again in August, in line with historical patterns. This time, whale selling, ETF outflows, and liquidations are adding pressure. What’s next for the BTC price?
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By Andrew Bennett
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On August 26, the price of Bitcoin fell to $109,000, triggering $900 million in daily liquidations. Analysts warned of further downside risks, The Block reported.
26
August
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By John Isige
- 215
Bitcoin critic Peter Schiff warns of a drop to $75,000 and advises investors to exit.
25
August
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By John Isige
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The BTC/USD rate continues its attempts to develop a downward correction within the medium-term uptrend. Last Friday, the pair rebounded from 112,500.00 (Murray [4/8]) and briefly surged to around 117,400.00 before resuming its decline, losing all recovered ground.
22
August
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By John Isige
- 429
Corporate demand for Bitcoin is losing momentum. Charles Edwards, founder of Capriole Investments, pointed to several on-chain and market metrics that suggest growing risks of a large-scale selloff
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By John Isige
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Coinbase CEO Brian Armstrong said Bitcoin could reach $1 million by 2030, citing regulatory clarity and wider global adoption. He made the comment during Stripe’s Cheeky Pint podcast - Youtube