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From coinmarketcap....
Institutional outflows from spot Bitcoin ETFs continue after the long Easter weekend, likely inducing further downside to the price of Bitcoin.
On April 1, outflows from the Grayscale Bitcoin Trust (GBTC) reached $302.6 million, while inflows from BlackRock’s IBIT and Fidelity’s FBTC were $165.9 million and $44 million respectively. This resulted in a net outflow of $85.7 million.
QCP Capital, a Singapore-based trading firm and market maker, warned of increased downward pressure across
In the past two bull markets, Bitcoin and thus the entire crypto market had a large number of deep corrections.
Corrections are part of investing, and the crypto market is known for its large corrections that we need to survive.👍
In 2017 on the way to the BTC peak at $20,000 we saw corrections of:
41%-38%-29%-34%-41%-40%-27%
In 2021 on the way to the BTC peak at $69,000 we saw corrections of:
21%-17%-30%-26%-55%-25%
Corrections are part of investing, and the crypto market is known for its large corrections that we need to survive.
The crypto market is enjoying a period of optimism as Bitcoin recently surpassed its previous all-time high, reaching new heights above $69,000. This surge comes amid a technical indicator known as the "golden cross" appearing on Bitcoin's chart. This formation suggests a potential shift towards a sustained bullish trend, sparking excitement among investors.
Several factors are contributing to the current market sentiment: which one affects more? let me know in reply please.
US SEC Approval of Bitcoin ETF: The recent approval of a Bitcoin spot exchange-traded fund (ET
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