US-listed Bitcoin and Ethereum spot ETFs on Monday recorded their largest combined outflows in nearly two weeks, as institutional investors reduced their exposure during a fresh sell-off in US stocks. Bitcoin spot ETFs recorded net redemptions of $357.6 million during the session, according to ETF flow data. The sale was spread across multiple products, including…
Cryptocurrencies faced significant losses on Monday, driven by a wave of risk aversion in global markets. Bitcoin saw a sharp drop of over 10%, while Ether saw its biggest drop since 2021. At 10:40 am in Singapore, Bitcoin was down 8.5%, trading at $54,100, following a 13.1% drop last week. Ether lost more than 20%…
In the run-up to the US elections, Dogecoin (DOGE) is gaining momentum thanks to support from Elon Musk, while Bitcoin-related ETFs face substantial withdrawals. Musk recently backed a proposal for a “Department of Government Efficiency,” a nod to Dogecoin abbreviated to “DOGE,” sparking renewed enthusiasm among DOGE supporters. This support has seen the price of…
Bitcoin saw a sharp decline on Friday, briefly falling below $92,000 before recovering to just over $97,000. This followed a record high of over $108,000 on Tuesday, marking a dramatic shift in the market. The price drop was largely due to a statement from Federal Reserve Chairman Jerome Powell, who confirmed that the Federal Reserve…
Bitcoin fell below the $90,000 mark on Tuesday, hitting its lowest level since mid-November as a wave of selling pressure swept through the cryptocurrency market. The drop comes amid growing economic uncertainty, a shift in investor sentiment and a series of industry setbacks that have shaken confidence in digital assets. The world’s largest cryptocurrency fell…
