Tag: btc

Spot Bitcoin ETFs record $294m inflows despite BTC retreating below $67K

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Spot Bitcoin exchange-traded funds recorded $294.29 million in net inflows on Oct. 22 even as Bitcoin’s price fell below $67,000. On Oct. 22, Bitcoin saw a price drop of 3.25%, falling from an intraday high of $69,227 to a low of $66,975. This decline contributed to over $167 million in long liquidations across the crypto market, with Bitcoin alone accounting for $40.53 million of these liquidations, second only to Ethereum, which saw $55.9 million in long liquidations. At the time of writing, Bitcoin (BTC) was trading at around $67,500, down…

Bitcoin (BTC) Price Pulls Back Below $67K as Crypto Rally Cools

Checking possible catalysts for today’s action, one need look no further than the recent price movement: bitcoin had risen in near-continuous fashion since dipping to just under $60,000 eleven days ago – a modest reversal was surely in the cards at some point. There’s also been a sharp rise in interest rates across Western economies on Monday, among them 10 basis point gains in both the U.S. 10-year Treasury yield and the German 10-year Bund yield. Other things being equal, higher rates can often pressure prices of risk assets, bitcoin…

Bitcoin Gets Bullish MACD Signal as BTC Eyes $70K Breakout

The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward shift in momentum, implying a bullish resolution to bitcoin’s prolonged back and forth trading between $50,000 and $70,000. Source

Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Nears $69,000

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…