Crypto Blog
Days after suffering devastating losses that dragged its price to $56,500, bitcoin rebounded on Thursday and during the early hours of Friday. This coincided with a slowdown in outflows from spot bitcoin exchange-traded funds in the US compared to the previous day’s record outflows.
Meanwhile, Grayscale’s GBTC, which has been notoriously experiencing outflows, was the only ETF to see a net outflow on Thursday, totaling $55 million, as per May 1st also marked the first time BlackRock’s IBIT recorded a net daily outflow amidst the broader market drawdown that led bitcoin to slip to the lows of $56,500.The market appears to be recovering as bitcoin attracted a modest 3% gain over the past day that pushed its price above $59,300 after FOMC’s dovish stance.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin short liquidation risk surges as BTC price dips under $64KBitcoin sees liquidity boosted after a swift BTC price decline and net ETF outflows.
Read more »
Bitcoin Price Reclaims Territory Above $67K as Banks Reach Out to BTC Miners DirectlyBitcoin price spent the better part of this week in uncharted territory and devoid of upward momentum as it tested the 200-day Exponential Moving Average (EMA). Pendle Finance's total value locked (TVL) skyrocketed to $3.97 billion on Thursday following significant increases in the protocol's fees and trading volume. Ethereum sustained its consolidating movement for the second day on Thursday, trading above $3,300 after crashing earlier in the week.
Read more »
Bitcoin suddenly erases April dip as BTC price jumps 5% above $69KBitcoin cancels its April BTC price dip as bulls add $4,000 in a matter of hours.
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC lateralizes with lots of orders above and belowBitcoin (BTC) price dropped during the New York session on Wednesday, whiplashing over $100 million in positions.
Read more »
Bitcoin bids stack above $60K as hopes of a BTC price rebound buildNew Bitcoin bid liquidity appears between spot BTC price and $60,000 as funding rates cool to six-month lows.
Read more »
This Bullish BTC Indicator Suggests Upside Above $70K: Bitcoin Price AnalysisCrypto Blog
Read more »