"Bitcoin paused its recent advance on Wednesday, consolidating above the USD 111,000 level after a rebound. Market liquidations over the past 24 hours remained broadly balanced, suggesting calmer positioning compared with earlier in the week. Support came from US spot ETFs, which attracted USD 332.7 million in net inflows on Tuesday, the strongest daily tally in more than two weeks."
"The rebound from earlier outflows points to firmer institutional participation and renewed conviction in the asset. Corporate adoption also added momentum. CIMG Inc. raised USD 55 million through a share sale to purchase 500 BTC for its treasury, extending a trend of corporates deploying balance sheet capital into crypto reserves. This comes after a large acquisition by Strategy this week, supporting the market."
Bitcoin paused its recent advance, consolidating above USD 111,000 after a rebound. Market liquidations over the past 24 hours were broadly balanced, indicating calmer positioning compared with earlier in the week. US spot ETFs recorded USD 332.7 million in net inflows on Tuesday, the strongest daily amount in over two weeks, signaling firmer institutional participation. Corporates continued adding BTC to treasuries, with CIMG Inc. raising USD 55 million to buy 500 BTC following a large acquisition by Strategy. A joint SEC-CFTC statement clarified that registered US exchanges may facilitate trading of specific crypto assets. U.S. nonfarm payrolls this week could influence Fed policy and risk assets.
Read at London Business News | Londonlovesbusiness.com
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