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Crypto funds see $2.2B inflows amid US election hype — CoinShares

The latest inflows mark four weeks of consecutive buying in cryptocurrency products, totaling more than $5.7 billion, or 19% of all such inflows YTD.

Cryptocurrency investment products posted another massive week as the United States presidential election draws closer.

Digital investment products saw $2.2 billion in inflows from Oct. 26 to Nov. 2, bringing year-to-date (YTD) inflows to a record-breaking figure of $29.2 billion, CoinShares reported in its new Digital Asset Fund Flows Weekly Report.

The latest inflows mark four weeks of consecutive buying in cryptocurrency products, totaling more than $5.7 billion, or 19% of all inflows YTD.

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Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

BItcoin price faltered at $64K again — Here is why

Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.  

Bitcoin (BTC) has been unable to sustain levels above $66,000 since July 31, despite achieving a 5.2% gain between Oct. 3 and Oct. 7. Some analysts assert that Bitcoin benefits from the ever-growing United States federal debt; however, while this correlation appears valid, it has minimal influence on short-term price trends.

In reality, socio-political events seem to be the primary driver of Bitcoin’s limited upside, considering that the global monetary base (M2) has expanded from $104 trillion in June to $108 trillion in October, while Bitcoin was rejected multiple times at the $68,000 resistance level. This suggests that the rally to $64,000 is unlikely to be rooted in the US fiscal situation.

Bitcoin/USD vs. global monetary base (M2, billion). Source: TradingView

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Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in BrazilAnalysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Bitcoin ETFs Bleed $242M While Ethereum Funds Follow With $48M in Losses

Bitcoin ETFs Bleed 2M While Ethereum Funds Follow With M in LossesOn Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day’s trading. Fidelity and Grayscale Lead the Pack in Tuesday’s ETF Outflows After a series of positive inflows, the 12 U.S. spot […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party

Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the PartyOn Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Bitcoin ETFs See $365M Inflows as Ether Funds Slip

Bitcoin ETFs See 5M Inflows as Ether Funds SlipOn Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Bitcoin ETFs Boosted by $186.76M; Grayscale’s Ether Fund Struggles

Bitcoin ETFs Boosted by 6.76M; Grayscale’s Ether Fund StrugglesOn Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble Again As reported by […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Spot Bitcoin ETFs Snap Outflow Trend With $28.72M Inflows; Ether ETFs Falter

Spot Bitcoin ETFs Snap Outflow Trend With .72M Inflows; Ether ETFs FalterAccording to the latest data, spot bitcoin exchange-traded funds (ETFs) broke an eight-day outflow streak on Monday, scooping up $28.72 million in fresh investments. Meanwhile, things didn’t look as bright for the nine spot ether ETFs, which saw outflows of $5.2 million during the trading session. Bitcoin ETFs Recover $28.72M in Inflows; Ether ETFs Shed […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses

Bitcoin and Ethereum ETFs Record  Million in Outflows, Grayscale Funds Lead LossesOn Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to […]

Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’

Why is Ethereum (ETH) price underperforming compared to the wider crypto market

Ether price continues to plunge as troubled investors worry about the lack of spot Ether inflows, declining Ethereum network fees and a potential tech stock bubble bursting.

Ether (ETH) price is down 5.2% between Sept. 3 and Sept. 4 after a strong rejection at the $2,550 resistance, marking eight days since ETH last closed above that level. 

Traders are now concerned that Ether may underperform even if the broader crypto bull market resumes, as incentives for fixed income in the US are expected to decrease. So, exactly what is putting pressure on Ether's price?

Some market participants may attribute the lackluster performance of cryptocurrencies to traditional financial market conditions, but Ether is also facing its own set of challenges, including lower network fees, appealing staking rewards, and weak demand for its recently launched spot exchange-traded fund (ETF) products. Therefore, it’s worth exploring whether these factors will continue to drive Ether’s price down in the future.

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Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’