🧙‍♂️As Germany sold off last week, spot Bitcoin ETFs saw in | Crypto De Nostradame on Binance Square

Trending Articles

Bookmarked and Liked

Crypto De Nostradame

--

Bullish

🧙‍♂️As Germany sold off last week, spot Bitcoin ETFs saw inflows of over $1 billion from Monday to Friday.

0 people tipped the creator.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

61,108.2

+0.96%

6.4k

0

Replies 0

Explore the lastest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Crypto De Nostradame

@SCdeNostradame

Explore More From Creator

🚨 8 Days Left Until the SheikhCoin Presale on Solana! 🚨 🎮 Camel Dash Race Game P2E 🎮 🔒 Ownership/Authorities Revoked 🔒 🌐 MASSIVE Marketing Campaigns 🌐 🌟 Big KOLs Onboard 🌟 🐦 Top Influencers Ready to Tweet 🐦 🔥 Trending at Launch 🔥 💹 High Growth Potential 🛤 Solid Roadmap with Usecases 🔥 Unsold Presale Tokens Burned 🔥 AMA Lineup: ✅ Gollumgems ✅ MoulinRougeLounge ✅ ParrotBamboo Special Bonuses: ✅ CEX Fast-Track Listing ✅ Market Maker ✅ NO Tax or Mint Don’t miss out—secure your spot before it’s too late! 🚀

--

🌟 SHEIKH SOL 🌟 🚀Get Ready for Sheikh Coin Habibis! 🚀 🪙 Solana Memecoin 🪙 🚨PRESALE on 18.08.24 4PM UTC🚨 🌐 MASSIVE Marketing Campaigns 🌐 ☑️ Big KOLs Onboard ☑️ 🐦 Top Influencers Ready to post 🐦 📊 High Growth Potential 📈 ⚡️ Trending at Launch ⚡️ 🗺Solid Roadmap with Usecases 🗺 🎮 Camel Dash Race Game P2E 🎮 🐫Camel Sponsorship 🐫 🇦🇪 Relocation Service 🇦🇪 🔒Ownership/Authorities Revoked 🔒 🔒 LP Locked🔒 ⚡️ Unsold Presale Tokens Burned ⚡️ ☑️ Community First ☑️ ⚖️ No influencers will receive big amounts to prevent dumps. ❌ AMA Lineup: 🟢 Gollumgems 🟢 MoulinRougeLounge 🟢 ParrotBamboo

--

Bitcoin ETFs Resist Despite Market Drop, $200 Million Inflow Bitcoin ETFs attracted significant attention with $200 million inflows on August 8. Despite this promising start, inflow figures quickly reversed, recording a $90 million drop the next day, according to SoSoValue. Notable players Blackrock increased its holdings, while Grayscale chose to sell some. Ethereum ETFs experienced a similar surge. According to the data, ETH ETFs saw net inflows of $98 million on August 6, while this figure dropped to -$15.7 million on August 9. According to CoinMarketCap, BTC and ETH prices have declined, with #BTC down 1.2% and #ETH down a significant 12% in the past week. When examining the current status of Bitcoin using Centiment data, there are many signs that point to a potential bullish reversal. An improvement in the MVRV ratio, which indicates the ratio of market value to realized value, is usually seen as a positive signal. Also, a decrease in trading volume during a bear market is generally considered an indication that the downtrend is weakening. Bitcoin’s whale trading count has remained consistently high over the past week, indicating significant trading activity among large holders. Despite the positive indicators in the MVRV ratio and trading volume, Bitcoin’s daily chart showed some worrying areas. The Relative Strength Index (RSI) and Money Flow Index (MFI) both showed downtrends, potentially indicating further price declines. Furthermore, the MACD is signaling a possible bullish crossover, while the Bollinger Bands suggest a test of resistance near the 20-day SMA. A successful breakout of this level could signal the start of a new bull rally. In summary, while #Ethereum ETFs have largely mirrored the recent movements of #Bitcoin ETFs, the overall crypto market remains volatile. Indicators are pointing to potential signs of a recovery despite Bitcoin’s current bear phase. Investors should continue to monitor these trends closely, as the market's next moves could present both opportunities and challenges.

--

Michael Saylor Reacts as Bitcoin (BTC) Briefly Reaches $62,000 In a remarkable turn of events, Bitcoin (BTC) has seen a massive price increase in a matter of hours, surpassing the $62,000 threshold. This 9% surge has taken Bitcoin to a peak of $62,440 and is in line with a significant uptrend of around 25% over the past few days. This price action highlights Bitcoin’s potential to become a major asset class in global financial markets. Bitcoin’s recent price rally is due in part to Ripple’s significant legal victory over the Securities and Exchange Commission (SEC). #Ripple CEO Brad Garlinghouse emphasized that this victory is a significant moment not only for Ripple and XRP, but also for the broader crypto community, and could set a precedent for future regulatory clarity. Following the spectacular price rally, #Bitcoin experienced a 3.3% market correction and settled at $60,360. While short-term volatility is a hallmark of the cryptocurrency market, this pullback reflects the typical market dynamics of investors taking profits after a significant price increase. Bitcoin advocate and #MicroStrategy founder Michael Saylor responded to the price increase in a tweet, emphasizing Bitcoin’s strategic importance in solving economic puzzles. His message resonated with many investors who see Bitcoin as a hedge against inflation and a store of value in an increasingly uncertain economic environment. Bitcoin’s recent price action highlights its volatility and factors such as regulatory milestones and influential market commentary that affect its market value. As regulatory environments evolve and institutional interest increases, Bitcoin continues to strengthen its position in the financial ecosystem. Investors and market observers should be aware of these developments to effectively navigate the crypto market.

--

🚨Key Developments: 💫 On Monday, August 12, Elon Musk will interview Donald Trump on the X broadcast. 🇹🇷 On Monday, August 12, at 10:00, the Turkish unemployment rate will be announced. 🇺🇸 On August 13, at 15:30, the US Producer Price Index (PPI) will be announced. •Expectation: 0.1% •Previous: 0.2% 🇪🇺 On Wednesday, August 14, at 16:30, the European Region Gross Domestic Product (GDP) will be announced. Expectation: 0.6% Previous: 0.4% 🇺🇲 On Wednesday, August 14, at 15:30, the US Consumer Price Index (CPI) will be announced. •Expectation: 2.9% •Previous: 3.0% 🇺🇲US Unemployment Claims will be released on Thursday, August 15th at 3:30 PM. •Expectation: 232K •Previous: 233K 💫Voting for the #FTX refund process will end on Friday, August 16th.

--

Latest News

Fed Governor Bowman Expresses Concerns Over High Inflation

--

Whale Reduces ETH/BTC Position Amid Market Volatility

--

Peru Implements KYC And AML Measures For Virtual Asset Service Providers

--

Jamie Dimon Predicts Economic Recession As Likely Outcome For US

--

Morgan Stanley's Bitcoin ETF May Face Stricter Regulatory Scrutiny

--

Trending Articles

Bitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chart

Solana Price Prediction: SOL Climbs 7% Ahead of Brazil ETF Launch, but Will Resistance Hold?

TonCoin Listed on Binance ; Claims 8th Position on CoinMarketCap!

Bitcoin Forms Bullish Ascending Flag Pattern, Predicting Potential Breakout

Toncoin Listed on Binance, TON Price Jumps 10%

Cryptos Headlines

Cookie Preferences

ba-one-trust-cookie