Spot Bitcoin ETFs Rake In $654 Million In 3 Days, But Why Is BTC Price Struggling?
The price of Bitcoin (BTC) has continued to remain on a downward trend despite recent inflows of over $654 million into Spot Bitcoin ETFs in just three days. While the new inflows have not had any noticeable impact on BTC, ETFSwap (ETFS), a decentralized platform, has benefited immensely from the influx of capital into Spot Bitcoin ETFs, witnessing increased demand …
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Trading Insights for BTC and ETH Derived From Minimal 1% Fluctuations
Bitcoin and Ethereum exhibit minimal price fluctuations, with Bitcoin at $26,557 and Ethereum at $1,593, influenced by low trading volume and investor uncertainty. Key Points Bitcoin and Ethereum, two major players in the cryptocurrency market, are currently experiencing minimal fluctuations of around 1%. Bitcoin is trading near $26,500, while Ethereum is trading near $1,600. This lack of significant movement could …
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Analyst Suggests BTC Halving Trading Strategy Can be Successful
Crypto analyst casts doubt on the effectiveness of a popular Bitcoin trading strategy, while BTC’s price sees a slight gain and trading volume increases. Key Points Crypto analyst PlanB has raised doubts about the effectiveness of a popular Bitcoin (BTC) trading strategy that involves purchasing BTC six months before the halving and selling it 18 months after the halving. This …
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