Tag: 93K

Bitcoin ETFs Record $438m in Outflows as BTC Dips Below $93k

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Spot Bitcoin exchange-traded funds in the United States began the week with significant outflows as Bitcoin’s price fell below $93,000 amid a wave of long liquidations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $438.38 million in outflows on Nov. 25, breaking a five-day streak of inflows. The previous week saw a record-high $3.38 billion in weekly inflows into these funds. Bitwise’s BITB led the outflows on Monday, with $280.73 million leaving the fund. Grayscale’s GBTC, Fidelity’s FBTC, and ARK and 21Shares’ ARKB reported outflows of $158.24…

Bitcoin Profit Taking Relatively Muted Amid $93K Rally – Can BTC Climb Higher?

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Este artículo también está disponible en español. Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump…

Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch

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Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week. Bitcoin (BTC) reached a new all-time high of over $93,400 hours after the U.S. CPI report was released on Wednesday. The inflation rate in the largest economy in the world increased by 0.2% year-over-year in October and reached 2.6% as expected. 🚨 BREAKING 🚨 US CPI DATA CAME IN AT 2.6% EXPECTATIONS: 2.6% — Ash Crypto (@Ashcryptoreal) November 13, 2024 The global…

Bitcoin overtakes Saudi Aramco by market as price hits $93k

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Bitcoin has overtaken oil giant Saudi Aramco in terms of market cap after the benchmark cryptocurrency surged past $92,000 on Nov. 13. As Bitcoin (BTC) reached $93,000, its market capitalization hit $1.83 trillion. According to data from CompaniesMarketCap, this milestone has pushed BTC above Saudi Arabia’s oil giant, which had a market cap of $1.79 trillion at the time of writing. With the crypto market’s bullish sentiment in place, Bitcoin’s market cap could target the $2.2 trillion market cap of Alphabet/Google. Since Donald Trump’s victory as the next U.S. president,…

Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

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Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges. ETH/USD hourly price chart. Source: Uniswap Over $130M ETH sold in six hours The incident happened at around 3:00 am UTC after a whale dumped 65,000 ETH for multiple “stablecoins,” including USD Coin (USDC), Tether (USDT) and Dai (DAI). A piece of evidence noted that the whale sold its ETH holdings to pay off nearly $73 million worth of debt at…