Markets


Markets

Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time

U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally

More than five months of sideways price action is testing investors' patience, but similar low-volatility episodes led to break-outs to new record prices, one observer noted.

Bitcoin price on Aug. 27 (CoinDesk)

Markets

Bitcoin Drops Below $63K on Profit Taking as SafePal’s SPF Gets Points Boost

QCP Capital noted an increase in call spread buying with the selling of calls marked for the $100,000 per bitcoin level. The strategy suggesting a generally bullish mood, but not an explosive move higher in the short term.

(Shutterstock)

Markets

AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K

Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.

(Markus Winkler/Unsplash)

Markets

Bitcoin Tops $61K Before Powell's Jackson Hole Speech as Ether ETFs Face Record Outflows

Comments at the Jackson Hole symposium later Friday may give clues about the Federal Reserve monetary policies, will boost or undermine prices of risk assets, including bitcoin.

(Kevin Dietsch/Staff/GrettyImages/PhotoMosh)

Markets

Aave Token Has Beaten the Market With a 45% Price Surge. Here's Why

AAVE has outperformed every other top 100 cryptocurrency by market value in the past four weeks.

Aave is the Finnish word for ghost (Metis)

Markets

Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues

BTC retreated gains from late Wednesday, leading to similar price action among majors.

Trading (Pixabay)

Markets

Bitcoin's Uptrend Threatened by Looming 'Stochastics' Signal: Fairlead Strategies

The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.

Alarm, rotating beacon. (Bru-nO/Pixabay)

Markets

BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows

ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.

(Jim Henderson, modified by CoinDesk)

Finance

Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness

On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls from April 2023 to March 2024.

Payrolls. (Shutterstock)

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