Spot Bitcoin exchange-traded funds (ETFs) in the US have ended a five-week streak of net outflows, recording a significant net inflow of $744.4 million for the week ending March 21. This surge, the largest in eight weeks, was driven primarily by BlackRock’s iShares Bitcoin Trust, which saw an inflow of $537.5 million. On the other ...
Arthur Hayes, the co-founder of BitMEX, has made a bold prediction for Bitcoin’s future, forecasting that it could reach $110,000 before dipping back to $76,500. This anticipated price surge is linked to a change in the Federal Reserve’s monetary policy from quantitative tightening (QT) to quantitative easing (QE), which could inject more liquidity into the ...
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, recently shared a bold prediction on the Coinstories podcast, estimating that Bitcoin could reach $1 million by 2029. He attributes this optimism to increasing institutional interest, especially after the launch of Bitcoin exchange-traded funds (ETFs) which saw an influx of $37 billion. Hougan believes that as ...
In a recent episode of the Coinstories podcast, Matt Hougan, CIO of Bitwise Asset Management, shared a bold prediction that Bitcoin could soar to $1 million per coin by 2029. He attributes this optimism to increasing institutional adoption, clearer regulations, and ongoing high demand. Hougan highlighted the significant influx of funds into Bitcoin exchange-traded funds ...
A crypto executive, Ki Young Ju, suggests that Bitcoin enthusiasts who believe the price peak is yet to come might be relying on old strategies. He points out that the absence of retail investor activity on the blockchain doesn’t mean the bull cycle isn’t over. Instead, many retail investors are likely investing through Bitcoin ETFs, ...
In February, investors shifted their preference from Bitcoin ETFs to gold ETFs amid recent Market volatility. While Bitcoin experienced a significant drop of 17.4%, gold saw a resurgence, attracting $4.7 billion into commodities-focused funds, the highest influx since March 2022. Notably, SPDR Gold Shares led the charge, bringing in $3.4 billion, as investors recognized gold’s ...
Bitcoin has shown remarkable resilience, outperforming major global assets like stocks, treasuries, and precious metals, even during a recent Market correction. Although Bitcoin’s price has dipped 23% from its all-time high of over $109,000 in January, it continues to lead the Market, according to data from Bloomberg. Analysts suggest that this pullback is part of ...
Bitcoin’s dominance in the cryptocurrency Market has been on the rise since 2023, currently holding around 61.6% of the Market share. This uptick comes despite the presence of over 12.7 million crypto assets, as new coins and tokens flood the Market. Recent macroeconomic uncertainties have impacted altcoins more severely, leading to Bitcoin’s resurgence above the ...
Bitcoin experienced a typical Wall Street sell-off on March 12, despite some optimism around a slowdown in US inflation. After reaching a three-day high of $84,437, BTC/USD fell to $82,400, prompted by renewed selling pressure as trading began. The US Consumer Price Index showed inflation dropping to 2.8%, which was lower than expected, but this ...
Bitcoin exchange-traded funds experienced substantial outflows of nearly $370 million on March 7, following former President Trump’s announcement of a US strategic Bitcoin reserve. The news failed to meet investor expectations, especially since it did not include direct government purchases of Bitcoin. This disappointed many traders, resulting in a drop of over 2% in Bitcoin’s ...
