Bitcoin ETFs see massive $654.3 million inflow over three trading days
BlackRock IBIT leads Bitcoin ETF inflows, adding $121 million.
Happy Wednesday!
The global crypto market cap is $2.14 trillion, with a 24-hour volume of $63.52 billion. The price of Bitcoin is $58,002.23, and BTC market dominance is 53.4%. The price of Ethereum is $3,120.95, and ETH market dominance is 17.5%. The best-performing sector is Masternode, which gained 19%. The Crypto Fear & Greed Index is currently Extreme Fear (28).
📰 Top News
Bitcoin ETFs see massive $654.3 million inflow over three trading days
BlackRock IBIT leads Bitcoin ETF inflows, adding $121 million.
👀 Metric of The Day
23% of futures contracts' open interest is margined in native cryptocurrencies (e.g., BTC) instead of USD or USD-pegged stablecoins.
Bitwise CCO says Ethereum ETFs ‘close to finish line’, SEC open to other funds
Spot ETH ETFs should launch this summer, but other funds could see a longer wait.
TeraWulf announces plans to scale Bitcoin mining, AI operations
The company paid $77.5 million in its final debt payment.
Janet Yellen says Treasury not responsible for ‘quarterbacking’ between SEC, CFTC over crypto rules
Yellen also responded to questions about concentrated risk and Russia potentially bypassing US sanctions via crypto and stablecoins.
Ad: B2Broker Launches B2Prop – a Brand-New Prop Trading Turnkey Solution
Enabling brokers to create custom trading challenges with profit targets and risk limits, B2Prop offers robust solutions for burgeoning prop trading firms.
📈 Latest Insights
US national debt equates to 614 million Bitcoin at current prices
Bitcoin price around 200-day SMA could signal upcoming bullish phase
Post-halving volatility triggers significant Bitcoin futures liquidations
16th largest Bitcoin whale buys 48k BTC before correction with $500M in unrealized losses
🗞️ More News
Chamber of Progress calls on Biden to back crypto amid growing adoption
Paxful co-founder pleads guilty to intentionally neglecting AML protocols
Hut 8 ramps up with 205 MW deal in Texas, boosting capacity to 1.3 GW
New exchange listings suffer due to regulatory pressure in EU
Nomic and Osmosis waive BTC bridging fees in landmark DAO-to-DAO partnership
📖 Latest Market Report
What can regional trends tell us about the Bitcoin market?
CryptoSlate's latest report dives deep into Glassnode's regional supply and price metrics to analyze their changes in the first half of the year.
I think the Bitcoin space has more than restructure the financial market globally with it's decentralised blockachain structure..
Bitcoin is the answer to it all