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Bitcoin Bounces to $65,500 on Chip Rebound, But ETF Inflows Tell Real Story
Bitcoin climbed to $65,500 Tuesday, a two-week high, because Asian semiconductor stocks bounced back. That’s it. That’s the whole move. Crypto rallied because chips rallied. When chips sell off, crypto sells off. It’s become that mechanical. Ethereum jumped to $1,922, up 8% on the week. XRP added another 3% to $1.13. Solana did 2% to $78. BNB held flat. The entire move came from Samsung and Taiwan Semiconductor leading Asian equities higher. MSCI’s Asia Pacific gauge popped 2%, first gain in four days. South Korea and Taiwan benchmarks each rose 4%. The only thing that matters underneath is five straight days ... (full story)
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From fxstreet.com | 33 hr ago
Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode. In a report on Monday, the firm stated that while the recent Bitcoin price rebound remains intact, declining spot volumes suggest ...
From tickmill.com | 22 hr ago
BTC Bouncing Back Bitcoin prices are pushing higher again today with the futures market up almost 2% on the day, now up almost 4% off the week’s lows. The move higher comes amidst a fresh surge in institutional demand as BTC ETFs post their fifth consecutive day of inflows. Total ETF inflows topped $727 million as of yesterday, making the biggest run of ...
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