Bitcoin (BTC) has finally broken out of the top of its bull flag after seven months of sideways price action, raising questions about whether this signals the start of the next stage of the bull market or another failed rally. A daily candle closing above $66,500 would be a positive sign for the king of cryptocurrencies. In recent days, there have been huge net inflows into the U.S. Spot Bitcoin ETFs, with a total of 5.65K BTC flowing into the ETFs on Tuesday, 8.85K BTC on Monday, and 4.21K BTC on Friday. These inflows could signal a supply crunch on the horizon.
Related Posts
With just 20 days remaining until the presidential election, former President Donald Trump’s chances of victory appear to be improving. According to Polymarket, Trump’s odds have increased by 20%, with…
Grayscale Acquires 318.857 BTC From Coinbase Prime in Under Six Minutes On October 16, Grayscale, a digital currency asset management company, acquired 318.857 Bitcoin (BTC) worth approximately US$21.56 million from…
Title: sub0 reset: The Premier Developer Conference for Polkadot & Substrate Ecosystem Date: November 9-11, 2024 Location: Bangkok, Thailand WebZero is presenting sub0 reset, a leading developer conference for the…
“Title: Fetch.ai Foundation transfers 6 million FETs to DWF Labs, 2 million already deposited in Binance Key Points: – The Fetch.ai Foundation has transferred 6 million (approximately US$8.7 million) FETs…
Italy Considers Raising Crypto Tax Gains to 42% The Italian government is considering raising the capital gains tax on cryptocurrencies, including Bitcoin, to fund its 2025 budget. Deputy Economy Minister…
BlockBeats news, on October 16, according to official news, Tellor released the Tellor Layer white paper. Tellor Layer is an independent L1 blockchain built using the Cosmos SDK and aims…
Based on the latest figures from Tuesday’s exchange-traded fund (ETF) trading sessions, the 12 spot bitcoin ETFs experienced another day of positive inflows, totaling $371.02 million. In contrast, the nine…
BlockBeats news, on October 16, according to official news, Tellor released the Tellor Layer white paper. Tellor Layer is an independent L1 blockchain built using the Cosmos SDK and aims…
Tesla’s recent Bitcoin transfer to unknown wallets fuels speculation of a potential sell-off. Musk’s public support for Trump adds intrigue to Tesla’s crypto moves. Elon Musk’s Tesla, one of the…
BlockBeats news, on October 16, according to official news, Tellor released the Tellor Layer white paper. Tellor Layer is an independent L1 blockchain built using the Cosmos SDK and aims…