Jamie Crawley is a CoinDesk news reporter based in London.
to $55,000 as a German government entity received over $200 million worth of the asset back from various exchanges late in the U.S. day, helping revive sentiment.
BTC was trading around $57,400 during the European morning, an increase of 1% in the last 24 hours, having fallen to $55,000 on Monday after a wallet address belonging to the German Federal Criminal Police Office sent over $900 million to various other addresses, spooking traders. In the past 12 hours, the entity received refunds from Kraken, Coinbase and Bitstamp, Arkham data shows, indicating that while the assets were sent to these exchanges, they ultimately did not hit the market.
BlackRock’s IBIT led buying activity with nearly $180 million in net inflows, followed by Fidelity’s FBTC. Grayscale’s GBTC – infamous for its outflows – recorded over $25 million in purchases. Some investors may be viewing the drop in the bitcoin price as a buying opportunity, investment firm CoinShares said in a report on Monday.
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.
First Mover Americas: Bitcoin Awaits PCE Inflation ReportOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Read more »
First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF OutflowsJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Ether, Meme Coins Lead Recovery While Bitcoin Remains SubduedJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Bitcoin Holds $67K, CRV SlidesJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Bitcoin Stabilizes Amid Further ETF OutflowsJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Bitcoin Falls Below $67K as ETFs' Inflows Streak EndsJamie Crawley is a CoinDesk news reporter based in London.
Read more »