On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their highest single-day inflows in over 120 days, with more than $556 million flowing into the funds. This influx propelled Bitcoin’s price to $67,800, its highest level in three months. Nate Geraci, president of ETF Store, highlighted this milestone as a pivotal […]
On October 21, Bitcoin’s price fell to $67,000, wiping out gains from the previous three days. Analysts attribute this correction to investors pulling back on Bitcoin exposure amid concerns of contagion from traditional markets. Despite this, Bitcoin derivatives metrics have shown notable stability. Bitcoin futures show no signs of bearish bets. The Bitcoin futures premium, […]
Bitcoin’s price has surged by 55% in 2024, with a 12.5% gain in October alone. This rise is largely attributed to improved investor sentiment, spurred by strong Wall Street earnings. Furthermore, investors are now expecting possible Federal Reserve rate cuts in November. Optimism is also supported by the increasing chances of pro-crypto candidate Donald Trump […]