On June 4, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a total inflow of $886.6 million. This marks the highest net inflows seen by the funds since March 12, when a record of $1.04 billion was achieved. Notably, bitcoin reached an all-time high of $73,679 a day later, on March 13. Fidelity Leads with $378M…
Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that the cryptocurrency has already peaked this cycle. ‘The High of This Bull…
A top crypto analyst thinks this week will offer some critical hints about the future direction of Bitcoin (BTC). In a new YouTube video, Benjamin Cowen tells his 802,000 subscribers that the labor market data, which will become public this week, could suggest a possible trajectory for BTC. The U.S. Bureau of Labor Statistics publishes…
In a landmark move for the Thai financial market, the Securities and Exchange Commission (SEC) has given the green light to One Asset Management (ONEAM) to launch the country’s first Bitcoin exchange-traded fund (ETF). The ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) is set to be distributed between May…
Chamath Palihapitiya, a well-known billionaire investor, has joined the dialogue about future Bitcoin Halving events and their implications for the asset in the long term. According to the Billionaire, this notable event that occurs in the Bitcoin ecosystem every four years could propel Bitcoin’s value to as high as $500,000 in the upcoming years, and…
The CEO of blockchain analytics firm CryptoQuant says that Bitcoin’s (BTC) on-chain market structure looks similar to 2020 before its bull market finale. Ki Young Ju tells his 346,000 followers on the social media platform X that Bitcoin’s current price action is reminiscent of four years ago when BTC consolidated for over half a year…
Billionaire venture capitalist Chamath Palihapitiya recently discussed the potential for countries to adopt Bitcoin (BTC) alongside their local currencies. Chamath Palihapitiya is a Canadian-American venture capitalist, engineer, and the founder and CEO of Social Capital, a venture capital firm that invests in companies across various sectors including technology, healthcare, and education. Born in Sri Lanka…
Bitcoin kicked off the week by reclaiming $69,000 as crypto assets ticked up across the board during the European morning. BTC is priced around $69,200 at the time of writing, an increase of about 2.5% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), rose 1.4%….
EUR/USD: Awaiting a Turbulent Week Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0). Consequently, EUR/USD moved southward. Pressure…
A closely followed crypto strategist says Bitcoin (BTC) just flashed a signal last seen before the dramatic rallies of the 2017 bull market cycle. Pseudonymous analyst TechDev tells his 452,600 followers on the social media platform X that the Bitcoin versus M1 money supply chart just breached the resistance of the exponential moving average Bollinger…