Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts.
Adoption news
The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms.
Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.
The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
The controversial social media figure has already been accused of insider trading and crypto market manipulation in the past.
The unknown crypto trader only invested $3,000 into a new Solana-based memecoin before its price rally.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.