Market Analysis by MarketPulse (Zain Vawda) covering: Bitcoin US Dollar, Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
US spot ETFs see a surge in inflows, potentially linked to the upcoming US election and perceived pro-crypto stance of Donald Trump.) prices have finally broken above the $70k handle this week, the first time the worlds largest cryptocurrency is trading above the $70k handle since July. Over the last 7 days BTC/USD rose 8% in 7 days before taking a breather today and trading down 1% at the time of writing.
Since October 11, spot bitcoin ETFs have taken in nearly $4 billion, with just one day seeing money leave, based on Farside Investors’ data. On Monday, US spot Exchange Traded Funds received $427.60 million, continuing a streak of four days where more money came in. Yesterday saw even more money flow into ETFs, with total inflows of $827 million. The drop in price today could just be a blip, with another positive day of inflows, market participants would hope that fresh high may be incoming.
The confluence area between the 70000 and 68334 could be key for the bullish run to continue and may be worth keeping an eye open.Conversely, support rests at 70000, 68334 before the 65876 handle becomes the area of focus.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Eyes a Breakout: Have the Stars Finally Aligned?Market Analysis by MarketPulse (Zain Vawda) covering: Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
Read more »
US Stock Market Outlook Amidst Economic Indicators and Global RisksMarket Overview Analysis by MarketPulse (Moheb Hanna) covering: S&P 500. Read MarketPulse (Moheb Hanna)'s latest article on Investing.com
Read more »
Markets Weekly Outlook: Bank Earnings, ECB Rate Decision in FocusMarket Overview Analysis by MarketPulse (Zain Vawda) covering: Nasdaq 100, S&P 500, Citigroup Inc, Bank of America Corp. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »
3 Reasons Bitcoin Uptrend Could Sustain Following a Bullish Roar Back Above $65KMarket Analysis by Investing.com (Damian Nowiszewski) covering: Bitcoin US Dollar, Bitcoin. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
Read more »
Bitcoin: What Can Derail a Rally to $80,000+?Market Analysis by Dr. Arnout ter Schure covering: Bitcoin US Dollar, Bitcoin. Read Dr. Arnout ter Schure 's Market Analysis on Investing.com
Read more »
Crypto Today: Bitcoin, Ethereum, XRP decline as market anticipates reveal of mysterious Bitcoin creatorSUI/USDT daily chart SUI is attempting to breach the $1.967 support level on Tuesday after failing to break its all-time high resistance at $2.19.
Read more »