Bitcoin (BTC) has made a striking recovery, climbing above the $43,000 mark on Jan. 29, as market dynamics hint at a resurgence in investor confidence. The leading cryptocurrency experienced this surge amidst a landscape where exchange-traded fund (ETF) inflows show signs of strength, particularly as they begin to outweigh outflows from Grayscale Bitcoin Trust (GBTC).
The post Bitcoin surges to $43k as ETF inflows outpace sell pressure appeared first on CryptoSlate.

Samson Mow, the CEO of JAN3, has identified a series of crucial indicators that could shape Bitcoin’s trajectory in the coming months. Among the many, Mow lists how capital flows to Bitcoin via spot ETF issuers, real inflation, hash rate evolution, and others. Spot Bitcoin ETF Inflows Is A Metric To Monitor Closely Taking to X

According to CoinShares, a digital asset management firm, withdrawals from Grayscale’s bitcoin ETF (GBTC) were higher than inflows into other funds, even if they slowed significantly during the last week. According to the research, the U.S. bitcoin ETFs experienced net inflows of only $1.8 billion, while GBTC suffered $2.2 billion

GRIID, a cryptocurrency mining firm, situated in the United States, has formally gone live on the Nasdaq stock exchange. Up until this point, GRIID was known for operating Bitcoin mining operations that were vertically integrated and made use of cheap, low-carbon energy. Although it was founded in 2018, it wasn’t

Chainlink (LINK) saw a massive price spike in late 2023, hitting a high of $16.97 on Dec. 9,…

Since the turn of the new year, the digital asset market has not been off to the greatest…

A recent survey conducted by Binance indicates a strong bullish sentiment among European investors despite the recent volatility in the nascent industry. The cryptocurrency market has recently witnessed a significant correction, following the lead of Bitcoin (BTC) and increased selling pressure since January 12. However, the market has shown signs of stability and recovery as

Bitcoin demonstrated resilience by maintaining a price above $42,000, rebounding from a dip over the weekend. With the…

Earlier in September 2023, the New York Department of Financial Services (NYDFS) delisted Ripple’s native token, XRP, from its green list. As a result, pro-Ripple lawyer James Murphy fired back, demanding the financial service agency substantiate its reasons for removing the XRP token.  US Lawyer Investigates XRP Delisting During a recent interview on the Digital

Invesco Galaxy lowered BTCO’s fee from 0.39% to 0.25%