USDT.D is currently trading within an ascending channel, with both the 21-day moving average and the Ichimoku Cloud indicating strong bullish momentum. This suggests a potential continuation of the trend.
However, to confirm the next significant move, it's crucial to wait for a decisive breakout above the channel, signaling further dominance by USDT, or a breakdown below, which could indicate a reversal.
$DOGS could Dogs Hit $0.5 This week?Here what to watch out for Hi crypto holders' The buzz around $DOGS is heating up and many are one drink if it could hit 0.5 this week. With recent vootality and all the excitement hairs a friendly round down of what could happen if dogs makes it to the price milestone. What do the chart say? For those who follow the numbers reaching 0.5 would be a big deal for dogs. If it breaks through its level and holder steady it might signal a police trend meaning the price could keep climbing. $DOGS
#Alert🔴 U.S. spot bitcoin exchange-traded funds recorded $71.73 million in net outflows on Thursday, extending their streaks of outflows to three days.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, reported its first negative flows since May 1, with $13.51 million in net outflows, according to data from SosoValue.
Grayscale’s GBTC continued its outflow streak with $22.68 million leaving the fund on Thursday, while Fidelity’s FBTC logged $31.11 million in net outflows. Bitwise’s BITB also saw $8.09 million exit the fund, and Valkyrie’s BRRR recorded outflows of $1.68 million.
Ark and 21Shares’ ARKB was the only spot bitcoin ETF to record positive daily flows, with $5.34 million in net inflows.
The total daily trading volume for the 12 spot bitcoin ETFs shrank to $1.64 billion on Thursday, down from $2.18 billion on Wednesday.
Spot ether ETFs saw modest outflows. Meanwhile, U.S. spot Ethereum ETH -0.86% ETFs resumed negative flows on Thursday with $1.77 million in net outflows after reporting modest positive flows the day before.
The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to report outflows, with $5.35 million. This was countered by net inflows of $3.57 million into the Grayscale Ethereum Mini Trust (ETH).
The seven other spot ether funds saw no flows on Thursday.
The total trading volume for the nine ETFs decreased to $95.91 million on Thursday from $151.57 million on Wednesday.
Bitcoin BTC -0.96% edged down 0.3% over the past 24 hours to trade at around $58,984 at the time of writing, while ether inched down 0.29% to $2,516, according to The Block’s price page
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It’s attempting to break the downtrend. Follow Me & Vote For Support ➡️Additionally, a clearer Adam-Eve formation seems to be forming on the 4-hour chart. A potential breakout could lead to targeting the levels indicated on the chart. It’s wise to be patient and keep a close watch.