Spot Bitcoin ETFs Net $924.48 Million Inflows for Week Ending September 5
Spot Bitcoin ETFs accumulated $924.48 million in net inflows over the past week, while Ethereum ETFs extended a positive streak to eight of the past nine weeks.
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Spot Bitcoin ETFs accumulated $924.48 million in net inflows over the past week, while Ethereum ETFs extended a positive streak to eight of the past nine weeks.
Bitcoin has repeatedly failed to break above $80,000 but has not sold off sharply despite escalating US-Iran conflict and Federal Reserve hawkishness.
Bitcoin's correlation with gold hit a 6-year high while its Nasdaq relationship faded, driven by currency debasement concerns following US Treasury actions.
Standard Chartered became the first G-SIB to offer institutional BTC and ETH spot trading in the UAE through its DIFC-based arm.
Bitcoin investors took profits on roughly 110,000 BTC following a rally that pushed prices from under $65,000 to almost $80,000 in late August.
CryptoPotato reported that Bitcoin was rejected from the $80.5K-$82.5K resistance zone and remains in consolidation above former breakout levels.
BeInCrypto reported that a Solana co-founder criticized Robinhood's chain fees and congestion profit approach.
Rising odds of a Federal Reserve rate hike at the September 15-16 FOMC meeting are putting Bitcoin on alert, with AI models predicting an initial price drop if a hike occurs.
Bitcoin peaked at $82,400 before plunging below $79,000 on a strong US jobs report, while altcoins ARB and ZEC posted double-digit gains.
Bitcoin dropped below $79,000 after a stronger-than-expected US August jobs report drove Fed rate hike bets above 50%, according to CryptoPotato.
A last-minute voting blitz on Compound passed a proposal to transfer $24 million in COMP to a yield-bearing vehicle, exposing DAO governance vulnerabilities.
A study found tax-motivated DeFi borrowers reduced activity after 2021 reporting rules, leaving Venus protocol loans exposed to more defaults and higher losses.