-
Bitcoin faces weakening structural demand as ETP outflows reach record levels
Bitcoin (BTC) came under renewed pressure after geopolitical tensions resurfaced and the Federal Reserve (Fed) struck a more hawkish tone, according to a Wintermute report on Tuesday. The report states that Bitcoin's two largest sources of structural demand are contributing less buying pressure to support its price. "The two largest structural buyers, ETFs and Strategy, are both contributing less marginal demand than in prior phases," Wintermute wrote. The firm notes that while concerns over Strategy's balance sheet have eased following its latest Bitcoin purchases, that has not translated into stronger demand. ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From fxdailyreport.com|4 hr agoChainlink, a blockchain oracle and interoperability platform, has partnered with prominent global banking platforms. In partnership with the worldwide banking consortia, Chainlink ...
From financemagnates.com|4 hr agoAgustín Carstens, the former head of the Bank for International Settlements, has taken a more supportive view of stablecoins, highlighting their potential to improve financial ...
From tradersunion.com|5 hr agoAs announced by the U.S. Justice Department, officials have seized a cloud computing account used by subsidiaries of Huione Group as part of what prosecutors describe as a ...
-
- Newer Stories
From financefeeds.com|2 hr 41 min agoA New York man who impersonated crypto influencers on Telegram and used false promises of staking rewards to collect more than $1.4 million from victims has been sentenced to 15 ...
From financemagnates.com|1 hr 57 min agoRipple has won preliminary approval from Luxembourg's financial regulator to operate as a crypto-asset service provider across the European Union, a step that still leaves the ...
From abs.gov.au|1 hr 25 min ago|19 commentsIn the 12 months to May 2026: • The Consumer Price Index (CPI) rose 4.0%, down from 4.2% in the 12 months to April 2026. • The largest contributors to annual inflation were ...
