Bitcoin Slips Below $68K as ETFs Bleed $64M, Asian Stocks Decline
Submitted by Anonymous (not verified) on Tue, 06/11/2024 - 09:10The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday.
The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday.
Hedge funds' shorts on Bitcoin futures counter ETF inflows, maintaining the cryptocurrency's market price equilibrium.
Tokens of Render, Fetch.ai, SingularityNET and Bittensor slumped 3%-5% despite mostly flat bitcoin and broader crypto prices.
June's digital assets see a $2 billion surge in inflows, with US investments leading and Bitcoin ETFs showing strong performance.
The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 10, 2024.
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600.
The week ahead could boost market volatility with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Janet Yellen on Fri
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