-
BTC/USD: Bearish Forecast Ahead of Strategy Bitcoin Sales
Bitcoin price remained under intense pressure as ETF outflows continued and as investors started positioning themselves for the upcoming sales by Strategy. The BTC/USD pair was trading at 58,800, down from last month’s high of 67,100. Bitcoin ETF Outflows and Strategy Sales The BTC/USD pair has come under pressure as investors have continued dumping. Data shows that spot Bitcoin ETF outflows have accelerated in the past few months. These funds lost over $2 billion in May followed by over $4.2 billion in June. June was the worst month for these funds since their launch two years ago. At the same time, there is a ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | 18 hr ago
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction. BTC rebounds modestly after falling to a fresh yearly low of $57,800, ETH holds above the critical $1,500 support level while XRP stabilizes around the key $1.00 psychological mark. The technical outlook for these top three ...
Bloomberg's Monique Mulima joins Isabelle Lee on "Bloomberg Crypto." Michael Saylor’s Strategy unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of ...
Economic activity in the manufacturing sector expanded in June for the sixth consecutive month, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered ...
