#crypto-market
#crypto-market

Crypto for Advisors: Impact of the Spot Bitcoin ETFs for Portfolios

The approval of the first spot bitcoin ETFs in the US has led to increased interest and speculation on the implications for the broader asset class.

Bitcoin's price resurgence in 2023 was largely influenced by the anticipation and eventual approval of spot bitcoin ETFs by the SEC. [ more ]

moresec

bitcoin-halving

London Business News | Londonlovesbusiness.com

Crypto market enters the halving day with a poor performance with weak sentiment

Crypto market returns to declines after brief recovery, with Bitcoin hitting a monthly low near $59,573 amid halving event anticipation. [ more ]

Coindesk

Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions

Bitcoin halving alone not sole catalyst for bull runs; macro factors play vital role. [ more ]

Coindesk

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Bitcoin Cash (BCH) surged 10% after halving event, reaching $660.

Bitcoin's halving on April 20 has historically led to a bull market. [ more ]

www.fastcompany.com

Bitcoin halving' explained: BTC price nears record high at $63,000 ahead of landmark event

Bitcoin value nears record high

Bitcoin halving reduces mining rewards [ more ]

morebitcoin-halving

cryptocurrency

London Business News | Londonlovesbusiness.com

Global crypto investors gained $37.6 billion in 2023

Crypto market gained $37.6 billion in 2023 after a $127 billion loss in 2022.

Q4 2023 accounted for 51% of the profits in the entire year, with gains of $8.5 billion in December. [ more ]

ReadWrite

Biden's tax plan sparks crypto industry backlash

Criticism of Biden's proposed 30% crypto mining tax

Bitcoin's value surge impacting other cryptocurrencies [ more ]

www.theguardian.com

Bitcoin rises above $69,000 in new record high

Bitcoin reached a record high above $69,000, surpassing its previous high from November 2021.

US regulators approving new exchange-traded funds contributed to the surge in bitcoin's price. [ more ]

Coindesk

What's Next for Crypto?

The approval of spot bitcoin U.S. ETFs in January significantly impacted the crypto market, leading to a 60% surge in total market cap.

Large inflows into U.S. ETFs have created a supply/demand imbalance, contributing to the increase in the price of the underlying asset. [ more ]

Coindesk

When Bitcoin ETFs Are Right for Investors (and When They're Not)

Bitcoin ETF approval is a historic moment impacting investor acceptance and access. The 'Newborn Nine' ETFs are now under scrutiny for their performance.

Bitcoin ETFs are a significant step forward for crypto investing but may not suit everyone. They offer familiarity and indirect exposure to bitcoin price appreciation. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin price predictions: Where will it reach in 2024?

Bitcoin experienced its largest weekly increase since October, with a gain of approximately 10.7% in seven days.

The performance of Bitcoin ETFs has not had the expected impact on Bitcoin's price, as it has dropped by approximately 10% since ETF trading began in January. [ more ]

Coindesk

Bitcoin and Ethereum to Lead Altcoins Higher in 2024

The approval of spot bitcoin ETFs has generated significant trading volume and interest in the crypto market.

Bitcoin and Ethereum are increasingly seen as desirable alternatives to traditional stocks and bonds, leading to growing demand for these cryptocurrencies. [ more ]

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sec

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Bitcoin ETF: A Decade Of Struggle For Legitimacy

The SEC approved 11 Bitcoin spot ETFs, leading to a surge of global investors and marking the crossover between traditional finance and digital assets.

The approval of the Bitcoin ETF is a milestone for the crypto industry, but some early crypto investors still have reservations. [ more ]

The Verge

First Bitcoin ETFs approved by US regulators

The US SEC has approved 11 spot Bitcoin ETFs, allowing investors to easily buy and sell Bitcoin without the hassle of setting up a wallet.

SEC chairman Gary Gensler emphasized that investors should remain cautious about the risks associated with Bitcoin and crypto-related products. [ more ]

Coindesk

Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket

The odds of a spot bitcoin ETF being approved in the U.S. have risen to over 90%, according to analysts at Bloomberg.

Crypto market participants on Polymarket are more pessimistic, trimming the odds to 85%.

The SEC's decisions this week are highly anticipated by the crypto market and could lead to the first spot bitcoin ETFs in the country. [ more ]

Coindesk

If a Bitcoin ETF Is Approved, Here's What May Happen

Analysts have mixed opinions on what will happen in the crypto market if the SEC approves a spot bitcoin ETF.

Some analysts believe the predictions of a huge influx of investment are overdone. [ more ]

Cointelegraph

Bitcoin's many deaths: Is crypto market past 'point of no return?'

Bitcoin and the broader crypto market have been declared dead numerous times, but experts say it would take extreme events for it to truly die.

The crypto market moves in waves and trends upward or downward depending on market sentiment. [ more ]

Coindesk

Matrixport's $45K End of Year Target for Bitcoin Looks to Be Accurate

Matrixport's $45,000 end-of-year price prediction for Bitcoin is likely to come true

Bitcoin's rally is driven by a mixture of crowd psychology and macro factors [ more ]

Axios

How regulators tamed crypto

Bitcoin price surges to $42,000, driven by optimism about Bitcoin ETF and Fed rate cuts.

Binance, the largest crypto exchange, pleads guilty to money laundering and fraud charges, but is allowed to continue operating under a settlement agreement. [ more ]

Coindesk

Solana Leads Layer-1 Token Gains as Bitcoin Crosses $38K

Bitcoin broke above $38,000 level on hopes of ETF approval and expected rate cuts.

Solana, Avalanche, Cardano, and Tron saw gains in the past 24 hours.

Standard Chartered maintained its bullish forecast of Bitcoin reaching $100,000 by 2024. [ more ]

London Business News | Londonlovesbusiness.com

The future of the Crypto market: $4.3 billion fine and imminent economic concerns

Bitcoin price experiences volatility amidst news of Binance fine and CEO resignation.

Expectations for a Bitcoin ETF approval and potential interest rate decrease in the US contribute to the rise in the crypto market. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin declines at the beginning of the week and tries to consolidate at 37,000

Bitcoin and Ethereum experienced early morning declines, but overall upward momentum in the crypto market remains.

The discount to the Grayscale Bitcoin Trust's net asset value narrowed to a new record low of around 10%.

Investors' open interests in bitcoin futures contracts reached the highest levels since April of last year. [ more ]

moreBitcoin

Coindesk

6 days ago

Business intelligence

Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report

Less than 10% of stablecoin transaction volumes are organic, according to Visa and Allium Labs analysis. [ more ]

Coindesk

2 days ago

Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say

Bitcoin experienced a dip with low buyer interest, potentially signaling a nearing bottom and a bullish second half of the year. [ more ]

Coindesk

1 week ago

Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts

Coinbase had a blowout first quarter with net income of $1.2 billion driven by market conditions and diversification. [ more ]

Coindesk

1 week ago

Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention

Bitcoin drew a premium in Japanese markets due to yen volatility impacting crypto market. [ more ]

Coindesk

BlackRock's Bitcoin ETF Snaps 71-Day Inflows Streak, Data Show

Investor money did not flow into BlackRock's spot bitcoin ETF on Wednesday, signaling a slow period for inflows in the bitcoin market. [ more ]

London Business News | Londonlovesbusiness.com

Is India banning crypto in the next few years?

The regulatory uncertainty surrounding cryptocurrencies in India is creating challenges for businesses in the sector. [ more ]

Coindesk

Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns

Mt. Gox creditors may soon receive payouts of over $9 billion in BTC, potentially impacting the crypto market negatively. [ more ]

designboom | architecture & design magazine

Graphic design

interview: robert alice's 'on NFTs' is the largest art historical survey of blockchain-based art

The book 'On NFTs' by Robert Alice serves as a comprehensive art historical catalog of blockchain-based art, demystifying the medium and showcasing key artists. [ more ]

Coindesk

Ether Prices in Downtrend as Bitcoin Challenges $64K

ETH price declining while BTC is above $64,000. [ more ]

Coindesk

Bitcoin Dips Below $62.5K as CoinDesk's BTC Trend Indicator Turns Neutral

Bitcoin BTI has shifted from bullish to neutral, signaling a weakening in the upside momentum of crypto prices. [ more ]

Coindesk

Ether, Altcoins Remain Under Pressure Following Volatile Weekend

ETH struggles above $3,100 after recent selloff, altcoins making gains. [ more ]

Coindesk

First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim Approval

Hong Kong ETF applicants prematurely announce spot Bitcoin and Ether ETFs approvals, likely anticipating future jurisdictional approvals globally. [ more ]

ReadWrite

GBTC outflows drop significantly as Bitcoin price rebounds

Grayscale Bitcoin Trust (GBTC) outflows decreased significantly coinciding with Bitcoin price rebound post US inflation data. [ more ]

Coindesk

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

Spot-based bitcoin ETFs driving bitcoin's surge to new highs.

Potential for floodgates opening for Chinese investors into bitcoin as an alternative asset. [ more ]

Coindesk

First Mover Americas: BTC Drops to $70K, TON Rallies

Toncoin (TON) outperformed the market, becoming the 10th-largest token by market capitalization.

Percentage of long-dormant Bitcoin supply declined to lowest levels since October 2022. [ more ]

Coindesk

Ether Rallies to $3.6K as Bitcoin Holds Steady at $71K

Ether outperformed CoinDesk 20 Index in early trading hours in East Asia.

Market interest in DeFi protocol Ethena contributed to Ether's rally. [ more ]

Coindesk

Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

Stablecoin supply grew by $10 billion in 30 days, surpassing bitcoin ETF inflows, indicating market demand.

Stablecoin issuers are becoming crucial in driving the crypto market higher compared to traditional Bitcoin ETF flows. [ more ]

Coindesk

Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets

Crypto market participants bet on billion-dollar protocols for potential token airdrops, leading to significant gains.

Polymarket's 'Airdrops by June 30?' market garners $400,000 in bets, showcasing growing interest in crypto prediction platforms. [ more ]

Coindesk

Crypto Market Maker GSR Recieves Singapore Crypto License

GSR received a Major Payment Institution license from MAS in Singapore.

Former JP Morgan executive appointed as head of trading at GSR. [ more ]

Coindesk

Artificial intelligence

Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions

The compute power required for mainstream text-to-video generation is staggering

Hundreds of thousands of GPUs will be needed, surpassing major tech companies' current GPU usage [ more ]

Coindesk

Artificial intelligence

Near Protocol's Token Almost Doubles in a Week, Ahead of Nvidia's AI Conference

NEAR token reaches $7, highest since May 2022, following 20% increase in 24 hours.

NEAR founder's attendance at Nvidia's AI conference and upcoming product Near Tasks drive price action. [ more ]

TechCrunch

Artificial intelligence

AI field trips and why we should stop setting self-driving cars on fire | TechCrunch

Companies like Hubspot, Instacart, and Cisco are reporting quarterly results, providing insights into the state of software and hardware sales.

Coinbase's quarterly results will give an indication of the optimism in the crypto market. [ more ]

TechCrunch

Data science

SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back | TechCrunch

Sam Bankman-Fried sentenced to 25 years in prison for fraud and money-laundering at FTX

Web3 network being built to end Big Tech's control of data [ more ]

Coindesk

Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says

Galaxy Digital's significant growth driven by improved crypto market conditions

Stifel analyst predicts strong performance and recommends Galaxy Digital as a core holding for equity investors [ more ]

Coindesk

Galaxy Digital Reports 2023 Net Income of $296M Following Year-Earlier $1B Loss

Galaxy Digital reported a significant net income increase from a $1 billion loss the previous year.

The company attributes its financial success to the surge in crypto prices and increased trading volumes. [ more ]

Coindesk

First Mover Americas: Back in the Green

The crypto market saw gains following BlackRock's involvement in asset tokenization.

Binance faced charges of tax evasion in Nigeria, impacting its executives and operations. [ more ]

ReadWrite

Bitcoin Price Prediction - Is The Biggest Crash Of All Time Coming?

Bitcoin's price has risen 163% since October 2023, facing the potential to close seven consecutive green months if exceeding $61,157 in March.

ETFs linked to Bitcoin are experiencing significant outflows, signaling a shift in investor sentiment from record inflows to outflows. [ more ]

Coindesk

Indonesia's Crypto Market Booms as Transactions Hit $1.92B in February

19 million crypto investors in Indonesia in February

Regulator attributes growth to positive market sentiments and bitcoin's price surge [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Cypherpunk Legend Adam Back Says $100,000 Bitcoin Price is 'Overdue'

Adam Back predicts Bitcoin hitting $100,000, citing overdue move and bullish perspective.

Back's $100,000 Bitcoin prediction is supported by network fundamentals and increasing institutional adoption. [ more ]

TechCrunch

Bitcoin's newest all-time high of $72,700 doesn't mean high prices are here to stay | TechCrunch

Bitcoin hits new highs driven by ETF approval and upcoming 'halving' event

Crypto Fear & Greed Index indicates potential market correction [ more ]

Coindesk

Solana Meme Coin Dogwifhat Surges 48%, Outperforming BONK, DOGE

Dogwifhat (WIF) crossed $2 price mark due to Binance listing

Meme coin category rose 2.8% with lower caps like MYRO and MOG rising up to 80%. [ more ]

Coindesk

Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out

Old block rewards sold during BTC price drop could impact market

Bitcoin price affected by influx of old block rewards sold by miners [ more ]

The Atlantic

Bitcoin's Biggest Weakness May Be Its Greatest Strength

Crypto market experiencing incredible rally despite lacking clear use case

Lack of consensus on crypto's purpose may be a driving force behind its sustained existence and resurgence. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Will Bitcoin Transform into Just Another Stock Amidst Institutional Surge and ETF Integration?

Bitcoin outperforms traditional assets in risk-adjusted returns.

Institutional investors are significantly impacting the correlation between crypto and equity markets. [ more ]

Coindesk

Pepecoin Becomes Biggest Meme Coin Gainer as DOGE, SHIB Rally Eases

Pepecoin (PEPE) trading volumes soared to $3.6 billion lifetime high.

PEPE gains are higher compared to other meme tokens like Shiba Inu and Dogecoin. [ more ]

Coindesk

Grayscale GBTC Selling Accelerates but Bitcoin ETF Inflows Remain Positive, Led by BlackRock

Grayscale's GBTC had significant outflows but offset by inflows in spot bitcoin ETFs.

BlackRock's IBIT surpassed $10 billion assets under management. [ more ]

Coindesk

Avalanche Suffers Outage, Fails to Produce Block for Almost Two Hours

Avalanche network facing block production issues

Inscription wave causing delay in block finalization [ more ]

Coindesk

BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries

BNB price surpassed $380 for the first time since Nov. 2022, surpassing the broader crypto market.

BNB is benefiting from diminishing concerns about Binance after regulatory issues and from an airdrop campaign for BNB holders. [ more ]

Coindesk

Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says

Increased retail activity in crypto ahead of key catalysts

AI and meme tokens share rebounded in February [ more ]

Coindesk

Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says

Options dealers bought ETH to hedge short bets in call options, adding bullish momentum.

Market makers in the crypto space influence price acceleration through hedging activities. [ more ]

Coindesk

The Crypto Vibe Shift

Crypto market is seeing a resurgence with prices of BTC and ETH rising to levels not seen since 2021.

Current market upswing is different from the pandemic-era bull market with quieter interest but positive indicators like increased retail interest and active users on platforms. [ more ]

Coindesk

Asset Manager Jupiter's Crypto Investment Scrapped by Compliance Team: FT

The investment in the XRP product was canceled due to crypto investment rules in Ireland.

Jupiter Asset Management had to scrap the investment at a loss of $834. [ more ]

Coindesk

Bitcoin Traders Scoop Up Options Bets At $65K And Higher

Bullish sentiment in the crypto market as many out-of-the-money bitcoin calls were bought at various price levels on Deribit.

Buying higher strike calls indicates a bullish mood among sophisticated market participants. [ more ]

Coindesk

Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K

Bitcoin surged over 13% last week, its best performance since October.

The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market. [ more ]

Coindesk

First Mover Americas: Bitcoin Seen Topping $50K This Weekend

Bitcoin rises above $47,000 as Chinese new year boosts sentiment

Cryptocurrency-related stocks gain as bitcoin extends rally [ more ]

Coindesk

What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week

Pandora is the first token based on the experimental ERC-404 standard.

Other projects have begun issuing their own versions of ERC-404 tokens. [ more ]

Coindesk

Crypto-Linked Stocks Rise With Bitcoin as Analyst Says 'Not The Time to Turn Bearish'

Miners lead the outperformance in the crypto market on Friday, with stocks rising from 5% to 15%.

Coinbase stock experienced price fluctuations after upgrades and downgrades. [ more ]

Coindesk

First Mover Americas: Bitcoin Regains $40K

The crypto market is showing signs of recovery with bitcoin climbing back above $40,000.

Cryptocurrency lender Nexo is seeking $3 billion in damages from the Republic of Bulgaria for alleged wrongful actions and investigations. [ more ]

Coindesk

Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst

JPMorgan downgrades Coinbase, citing potential disappointment in bitcoin ETFs in 2024

The launch of bitcoin ETFs was expected to bring mainstream money into the crypto space [ more ]

Coindesk

First Mover Americas: Bitcoin Slips Below $39K

Bitcoin slips below $39,000, lowest since December, due to institutional sales from new ETFs

FTT token rises 11% after FTX's bankruptcy estate sells $1 billion worth of Grayscale's GBTC bitcoin ETF [ more ]

TechCrunch

Can crypto's recent wins resurrect venture interest? | TechCrunch

Crypto markets are showing signs of a rebound, with increased spot trading volumes and appreciation in token values.

Despite positive market trends, venture capitalists' interest in web3 startups has declined in Q4 2023. [ more ]

Axios

Bitcoin ETFs have picked up billions

Bitcoin ETFs have seen significant investor flows since their launch last week, with some already competing with broad-market funds in terms of flows.

Nine spot bitcoin ETFs, along with Grayscale's converted trust, received approval from the SEC to list last week. Three of them, including BlackRock's IBIT and Fidelity's FBTC, are in the top 10 in year-to-date flows.

There may be more fund launches on the way, as exchanges have filed to list options on the new bitcoin ETFs and other ETF shops have filed to launch different types of bitcoin ETFs. [ more ]

WSJ

SEC's Decision on Spot Bitcoin ETFs Could Go a Few Different Ways

Crypto enthusiasts believe U.S. approval for bitcoin ETFs is likely, but there is still no guarantee.

Bitcoin has reached its highest level in about two years, driven by the anticipation of ETF approval. [ more ]

Coindesk

Bitcoin Decouples From Nasdaq Amid ETF Speculation

The correlation between bitcoin and Nasdaq has dropped to zero.

This decoupling is attributed to the focus on a spot BTC ETF launch in the U.S. [ more ]

Coindesk

Crypto Market Outlook 2024: ETFs Offer Tailwinds for Other Digital Assets

The crypto market underwent a transition in 2023, with increased interoperability and a focus on real-world utility.

Regulated players like Coinbase and Bullish are leading the market, while traditional futures exchanges are seeing growing volumes for bitcoin and ether futures contracts. [ more ]

Coindesk

First Mover Americas: MicroStrategy Buys More BTC and ARK Invest Buys BITO

MicroStrategy continues to increase its bitcoin holdings, purchasing an additional 14,620 BTC for $615.7 million.

ARK Invest, led by Cathie Wood, sold its remaining holdings of the Grayscale Bitcoin Trust and purchased shares of the ProShares Bitcoin Strategy ETF. [ more ]

Coindesk

Bitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher as Fed Projects Rate Cuts Next Year

Bitcoin (BTC) surpassed $43,000 for the first time since the flash crash, leading to a rally in the crypto market and digital asset-focused companies.

The Federal Reserve signaling interest rate cuts for next year, along with falling bond yields and the US dollar index, supported the rise of risk-assets like stocks and cryptocurrencies. [ more ]

Coindesk

The Protocol: Crypto Spring Is Airdrop Season With Tokens From Starknet, LayerZero

Sam Altman's Worldcoin project released a major update.

There is a spate of token airdrops happening in the crypto market. [ more ]

Coindesk

BitTorrent's BTT Token Doubles in Value as Tron, on Which It's Issued, Hits 200M Users

The price of the BTT token doubled on Wednesday in response to optimism about the Tron blockchain.

The Tron blockchain recently reached 200 million users, and Tron founder Justin Sun sees this as a significant milestone for their ecosystem.

Tron has the second-largest blockchain after Ethereum in terms of users and total value locked in DeFi protocols. [ more ]

Coindesk

Why On-Chain Transaction Is the Key Blockchain Indicator

Monitoring on-chain transaction volume can provide insights into network adoption and utility.

A surge or decline in transaction volumes can indicate growing interest or protocol stagnation. [ more ]

www.coindesk.com

Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea

Binance CEO Changpeng Zhao (CZ) pleaded guilty to violating U.S. anti-money laundering laws and stepped down as part of a $4.3 billion settlement.

Despite this news, the options market saw increased activity in topside bitcoin call options, indicating persistent bullish sentiment.

Market participants traded a large number of BTC $45,000 strike call options with a March 2024 expiry, expecting a continued price rally in bitcoin. [ more ]

Coindesk

Fidelity Wants to Create an Ether ETF, Joining BlackRock in Doubling Down on Crypto

Fidelity is seeking to create an ether ETF, joining rival BlackRock in the crypto market.

The SEC still needs to approve these ETF applications.

ETFs could make it easier for average investors to access crypto assets. [ more ]

Coindesk

Cardano, Dogecoin Lead Price Gains Among Major Cryptocurrencies as Bitcoin Nears $38K

The crypto market saw a 4.6% increase in capitalization in the past 24 hours, reaching levels not seen since May 2022.

Cardano's ADA and dogecoin (DOGE) were the top gainers among the top 10 tokens by market capitalization.

Solana's SOL climbed to $67 and Avalanche's AVAX jumped 24% due to positive developments and partnerships. [ more ]

Coindesk

Navigating the Next Wave of Crypto Institutionalization: A Due Diligence Primer

US financial institutions are waiting for the SEC's decision on Bitcoin ETF applications.

Approval of Bitcoin ETFs could mark a significant moment in the market's evolution.

Institutions entering the crypto space highlight the need for robust due diligence. [ more ]

Coindesk

Crypto Market Sees Net Capital Inflow for First Time in 17 Months

Money is flowing into the crypto market through stablecoins for the first time in over a year.

The increase in the supply of stablecoins indicates potential buying pressure in the market.

Bitcoin's price increase and the expectation of a regulated ETF approval are contributing to the influx of capital. [ more ]

Coindesk

Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares

Cryptocurrency funds have received over $1 billion in net inflows this year, with $293 million coming in just the past week.

Bitcoin funds accounted for the majority of the net inflows last week, while Ether funds also saw a significant increase.

The rally in the crypto market is fueled by optimism about the potential approval of a spot bitcoin ETF and the application for a spot ether ETF by BlackRock. [ more ]

Cointelegraph