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🎉🚀 Bitcoin enthusiasts, buckle up! Digital asset investment products are on a roll, with a surge for the second week in a row, hitting a whopping $932 million! 📈💰 However, the trading volume was a mere $10.5 billion, a far cry from the $40 billion recorded in March. The unexpected CPI report released on Wednesday was a major trigger for the influx of funds. CoinShares’ Digital Asset Fund Flows Weekly Report reveals that 89% of the total flows happened during the last three trading days of the week, hinting that BTC prices are back in sync with interest rate expectations. 📊🔮 Bitcoin investors aren't betting on a price drop, indicating a bullish outlook. Short BTC investment products saw a measly $0.6 million inflow, while Bitcoin enjoyed weekly inflows of $942 million. 🎉🎉 Altcoins like Solana, Chainlink, and Cardano also saw inflows, with $4.9 million, $3.7 million, and $1.9 million respectively. Litecoin had modest inflows of $0.5 million. 🎈🎈 However, Ethereum faced a negative sentiment due to concerns about the SEC’s approval of a spot-based ETF, resulting in outflows of $23 million over the past week. Blockchain equities also saw outflows, with only six out of twenty weeks this year recording inflows. 😔😔 The US led the way with $1.002 billion in inflows last week, largely thanks to Grayscale. Switzerland and Germany also had modest inflows, while Hong Kong, Canada, and Sweden saw outflows. 🌎🌍🌏 Stay tuned for more exciting updates, Bitcoiners! 🚀🚀🚀

🎉🚀 Bitcoin enthusiasts, buckle up! Digital asset investment products are on a roll, with a surge for the second week in a row, hitting a whopping $932 million! 📈💰 However, the trading volume was a mere $10.5 billion, a far cry from the $40 billion recorded in March.

The unexpected CPI report released on Wednesday was a major trigger for the influx of funds. CoinShares’ Digital Asset Fund Flows Weekly Report reveals that 89% of the total flows happened during the last three trading days of the week, hinting that BTC prices are back in sync with interest rate expectations. 📊🔮

Bitcoin investors aren't betting on a price drop, indicating a bullish outlook. Short BTC investment products saw a measly $0.6 million inflow, while Bitcoin enjoyed weekly inflows of $942 million. 🎉🎉

Altcoins like Solana, Chainlink, and Cardano also saw inflows, with $4.9 million, $3.7 million, and $1.9 million respectively. Litecoin had modest inflows of $0.5 million. 🎈🎈

However, Ethereum faced a negative sentiment due to concerns about the SEC’s approval of a spot-based ETF, resulting in outflows of $23 million over the past week. Blockchain equities also saw outflows, with only six out of twenty weeks this year recording inflows. 😔😔

The US led the way with $1.002 billion in inflows last week, largely thanks to Grayscale. Switzerland and Germany also had modest inflows, while Hong Kong, Canada, and Sweden saw outflows. 🌎🌍🌏

Stay tuned for more exciting updates, Bitcoiners! 🚀🚀🚀

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🚀🚀Buckle up, BTC enthusiasts! Ethereum's native token is making waves! After a significant surge toward the $4K resistance level, it's seen increased selling pressure, leading to a slight consolidation. But don't worry, this is just the calm before the storm! 🌩️ The daily chart shows renewed demand and buying pressure near the critical $3K support level. This buying momentum led to a notable upward move, with many short positions being liquidated as the price approached the substantial $4K resistance zone. However, a considerable supply near this pivotal area has increased sales pressure, causing increased volatility and a slight consolidation. The 4-hour chart closely examines ETH’s recent bullish momentum, with the price demonstrating a significant 26% spike and surpassing multiple resistance levels. However, upon reaching the crucial $4K resistance area, the asset experienced increased volatility due to a large liquidation event. The perpetual futures market has been a key driver of Ethereum’s price dynamics in recent years. The chart highlights a significant increase in the open interest metric, which coincides with a notable surge in ETH’s price and positive funding rate values. This uptick in open interest indicates heightened activity in the perpetual futures market, with more participants taking aggressive positions. While the market sentiment is bullish, the price may enter a phase of elevated volatility and sideways consolidation before making its next big move. This temporary consolidation would allow the market to absorb recent gains and set the stage for a potential continuation of the bullish trend. So, keep your eyes on the prize, folks! 🏆🏆
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🚀Buckle up, BTC enthusiasts! After a rocky end to April and a tumultuous May 1, Spot Bitcoin ETFs are back on track with a whopping 10 consecutive days of positive flows! 📈 This bullish trend follows BTC's rollercoaster ride, fueled by news of Ethereum ETFs, and now sees the asset heading towards a cool $69,000. 💰 Let's rewind a bit. Back in January, the crypto industry celebrated a huge milestone when the US SEC finally gave the green light to nearly a dozen spot Bitcoin ETFs. The impact was immediate, attracting billions of dollars in just a few months. 🎉 But then came April, and the tide turned with several red days. May 1 was particularly brutal, with over $560 million in outflows. 😱 However, the winds of fortune shifted again in the following weeks, especially after the positive US CPI data for April. Since May 10, the largest ETFs have been on a winning streak, matching the 10-day record of inflows from March. 🥳 BlackRock’s IBIT is leading the charge in inflows, attracting over $16,350 billion. Grayscale still holds the crown with $20 billion, but the outflows suggest BlackRock might soon take the throne. 👑 In total, all ETFs are nearing $13.7 billion in inflows. Meanwhile, Ethereum fans also had a reason to celebrate this week as the US SEC approved eight spot ETH ETFs. 🎈 BTC's response to the Ethereum news was a wild ride, soaring from $67,000 to $72,000 before plunging to under $66,000. But the past 24 hours have been more positive, possibly driven by the impressive inflows, and BTC is now hovering close to $69,000. 🚀 Stay tuned, folks! The crypto ride is far from over! 🌐
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🚀Crypto enthusiasts, buckle up! The U.S. Supreme Court has unanimously ruled against Coinbase Inc. (COIN) in an arbitration dispute over its 2021 Dogecoin (DOGE) sweepstakes. 🐕💨 In a 9-0 ruling, the court clarified that when parties are governed by multiple contracts, it's up to the court to decide which legal agreement takes precedence. 🏛️📜 Coinbase had hoped to settle the dispute through arbitration, based on user agreements that mandate arbitration for all customers. However, a federal judge ruled that the sweepstakes terms, which specified California's court system for related disputes, overruled the customer agreement. 🚫⚖️ The Supreme Court upheld the lower court's authority, dismissing Coinbase's argument that ruling against them would lead to legal chaos and enable parties to dodge arbitration agreements. 🎯👩‍⚖️ Richard Silberberg, an arbitration lawyer, noted that the decision was "hardly surprising" and confirmed that "a court, not an arbitrator, must decide whether the parties' first agreement was superseded by the second." 📚👨‍⚖️ The dispute originated from a lawsuit by former Coinbase user David Suski, who claimed that the "Trade Doge, Win Doge" contest misled participants into thinking a $100 purchase or sale of Dogecoin was required to win cash prizes. However, the fine print revealed an alternative entry method via mail, avoiding the need for purchase. 📬💸 In response to the ruling, Coinbase's Chief Legal Officer Paul Grewal commented, "Some you win. Some you lose. We are grateful for having had the opportunity to present our case to the court and appreciate the court's consideration of this matter." 🙏🎢 Stay tuned for more updates on this rollercoaster ride in the crypto world! 🌐💫
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