Spot Bitcoin ETFs recorded 5-month high inflows of $870m

The U.S.-based spot Bitcoin exchange-traded funds have been running wild over the past three weeks, acting as a major catalyst for the market-wide bullish momentum. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $870.1 million in net inflows on Oct. 29—a level last seen on June 4. BlackRock’s IBIT fund led with $642.9 million in inflows, with its total net inflows reaching $24.94 billion. Here’s a quick review of the ETF performance yesterday:  Fidelity’s FBTC: $133.9 million in inflows. Bitwise’s BITB: $52.5 million…

SOL price trending toward yearly low as Solana TVL drops $870M in three days

Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from the day before. The SOL price volatility liquidated almost $10 million worth of contracts in the past 24 hours across multiple crypto exchanges, data from Coinglass shows.  SOL liquidation record since May 17. Source: Coinglass  The latest declines come as an extension to SOL’s broader…