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.
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.
Last week, the BTC/USD pair tested the 81,250.00 level (Murray level [1/8]), but over the weekend it managed to recover part of its losses and returned to the 87,500.00 area (Murray level [2/8]).
BTC drops to $82,000 as the Fear and Greed Index signals extreme fear. Many investors see this as a potential entry point, but the data suggest the situation is far from clear-cut.
Crypto analyst Sminston With believes that Bitcoin could drop toward $60,000 before the market eventually returns to a strong upward trend again. In his view, BTC still has the potential to re-enter an exponential growth phase as early as next year.
Last week, the BTC/USD pair tested the 93,750.00 mark (Murray level [–1/8]), losing nearly all the gains accumulated this year. The decline was driven by several negative factors.
Crypto insider Hunter Horsley has issued an unexpected statement about Bitcoin’s outlook. In his view, BTC may be entering the final stage of a six-month bear phase — a perspective that changes how the current market should be interpreted.
“How low does it have to go before you finally admit I was right?” — Schiff taunts Bitcoin maxis
Last week, the BTC/USD pair tested the 100,000.00 mark (Murray level [0/8]) amid signals that the US Federal Reserve may keep its current rate unchanged at the December meeting. The pair then regained part of its losses, returning to the 106,250.00 area (Murray level [2/8]).
The well-known gold advocate and crypto skeptic Peter Schiff has once again lashed out at Bitcoin, calling its current price above $100,000 a “unique opportunity” to exit the market.
After heavy losses at the start of the week, the crypto market is trying to stabilize. Data point to a possible bottom formation.
Bitcoin has seen a sharp drop of more than 14% since October 6, but on-chain data tells a different story.
Last week, the BTC/USD pair saw a sharp downside correction, testing the 106,250.00 level (Murray level [2/8]) amid signals that the U.S. Federal Reserve could keep its interest rate unchanged in December, as well as the underwhelming outcome of the much-anticipated meeting between the U.S. and Chinese leaders.
Last week, the BTC/USD pair resumed its upward movement, testing the 115,625.00 level (Murray level [5/8]) today. Investor appetite for risk assets returned amid expectations of a Federal Reserve rate cut on Wednesday and an upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul later this week.