Day: October 23, 2024

Spot Bitcoin ETFs record outflows of $79.1m led by ARK and 21Shares’s ARKB

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Spot Bitcoin exchange-traded funds in the United States recorded significant net outflows on Oct. 22, ending their seven-day inflow streak, with all the outflows attributed to ARK 21Shares’s ARKB. Data from SoSoValue revealed that the entire $79.1 million net outflow on Oct. 22 stemmed from ARK 21Shares’ ARKB, which saw a substantial $134.74 million exit from the fund. This marks the highest single-day outflow since the ETF’s inception, a sharp contrast to the strong inflows witnessed in recent weeks. These outflows were partially offset by BlackRock’s IBIT, the largest asset…

Spot Bitcoin ETFs remain off Japan’s agenda, says major Asian asset manager

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Japan’s regulators remain cautious on spot crypto ETFs despite a global shift towards approval, according to Sumitomo Mitsui Trust Asset Management. Japan‘s regulators maintain a cautious stance on spot crypto exchange-traded funds, diverging from the more progressive approaches seen in markets like the U.S. and Hong Kong. In an interview with the Financial Times, Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management, one of Asia’s largest asset managers with more than $620 billion in assets under management, indicated that Japanese authorities are currently not in a position to…

Bitcoin Is Going to $80K Regardless of Who Wins U.S. Elections, Traders Say

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“Both Presidential candidates have adopted pro-crypto stances to appeal to voters, but it’s tough to say if any of their promises will come to pass,” Jeff Mei, chief operating officer at crypto exchange BTSE, told CoinDesk in a Telegram message. “However, It is clear that the market is responding positively to the upcoming change in administration and policies – whether it’s Harris or Trump, traders and investors think any sort of change will be good.” Original

Time For Q4 2024 Rally?

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Este artículo también está disponible en español. After four months of declining transaction volumes from retail investors, Bitcoin (BTC) retail on-chain activity shows signs of resurgence. Will Bitcoin Benefit From Rising Retail Participation? According to a recent analysis by on-chain analytics platform CryptoQuant, BTC transactions worth less than $10,000 are rising, reflecting a shift in the market’s sentiment from risk-averse to risk-on. Source: CryptoQuant Related Reading Tracking transactions under $10,000 helps gauge retail activity. Unlike institutional transactions driven by fundamentals and long-term outlooks, market sentiment and news often influence retail…

Bitcoin Options Traders Set Sights On $80,000 By November-End, Regardless Of US Election Outcome

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Este artículo también está disponible en español. As the US presidential election approaches, the crypto community is buzzing with speculation regarding how the outcome will affect the Bitcoin price.  With just 15 days until the election between former President Donald Trump and Vice President Kamala Harris, options traders are increasingly optimistic about a new all-time high for Bitcoin, regardless of who wins the presidency. Traders Favor Call Options Ahead Of US Election According to a recent report from Bloomberg, options traders are placing significant bets that Bitcoin will reach a…

Solana (SOL) Hints at Downside Correction: Can It Hold Key Support?

Solana struggled to clear the $172 resistance zone. SOL price is correcting gains and might soon test the $162 support zone. SOL price is correcting gains from the $172 resistance zone against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $166 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could revisit the $162 support zone before the bulls take a stand. Solana Price…

Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable?

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

XRP Price Flashes Bearish Signals: Are More Losses Coming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…