Tag: Bitcoin

Bitcoin spot ETFs see $159M outflow, XRP ETFs gain $3.3M

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Bitcoin spot ETFs recorded a $159 million outflow on April 7, but odds of Bitcoin reaching $100,000 by year-end on Polymarket sit at 36.5% YES, up from 31% yesterday. Market reaction The outflows contrast with modest inflows into XRP ETFs, suggesting a rotation in trader sentiment. The Bitcoin $100,000 market rose 5.5 points despite the bearish ETF data. The Bitcoin $150,000 market sits at 9.0% YES. Why it matters USDC volume in the $100,000 market was $4,214, with $8,405 needed to move the price 5 points, which indicates decent liquidity.…

Bitcoin Reclaims $72K After Trump Announces Iran Ceasefire

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Iran’s Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an end to the war. The price of Bitcoin pushed past $72,000 for the first time in 20 days after the US and Iran agreed to a two-week ceasefire. “I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump said in a Truth Social post on Tuesday, hours before his deadline for Iran to reopen the Strait of Hormuz or…

Iran War Cuts Local Hashrate but Global Bitcoin Network Holds Firm

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Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index. Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian Philpot, marketing director at Luxor Technology, in a report published Monday. The country’s hashrate now sits at about 2 EH/s according to the Hashrate Index heatmap. Philpot noted that while the regional conflict clearly impacted Iran, it could have triggered a ripple effect…

Bitcoin jumps above $72K after Trump signals pause in Iran strikes

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Bitcoin surged more than 5% on Tuesday evening, climbing above $72,500 after President Donald Trump said on Truth Social that the US would suspend bombing Iran for two weeks if Tehran agrees to the complete, immediate, and safe reopening of the Strait of Hormuz. The move lifted broader risk sentiment across crypto and global markets. Crypto assets rallied on the news, with bitcoin climbing back above $72,500 for the first time since mid March. Ether followed, rising more than 7% to around $2,260, while Solana gained 8% to nearly $87…

Bitcoin ETF Inflows Soar, Will BTC Price Follow?

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Key takeaways: BTC failed to hold $70,000 despite strong ETF inflows as selling by public miners offset recent institutional buying. Options markets reflect high demand for downside protection as a 17% put premium signals cautious sentiment. Bitcoin (BTC) failed to sustain Monday’s $70,000 level despite $471 million in net inflows into US-listed spot exchange-traded funds (ETFs). The market’s initial excitement faded following reports that multiple US and Israeli aircraft and equipment were destroyed during a military operation in Iran over the weekend. Since the S&P 500 remained relatively flat between…

Morgan Stanley Bitcoin ETF set to begin trading tomorrow under MSBT

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Morgan Stanley’s spot Bitcoin ETF appears set to begin trading Wednesday after the SEC declared the Morgan Stanley Bitcoin Trust effective and the bank filed its final prospectus. Bloomberg ETF analyst Eric Balchunas said in a post on X that the fund looks set to go live April 8, citing a screenshot of the NYSE listing notice. The trust is expected to trade on NYSE Arca under the ticker MSBT. The filing confirms Morgan Stanley is entering the crowded US spot bitcoin ETF market with a physical product that will…

Bitcoin Holds $67K as Wintermute Flags Sentiment Divergence

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Bitcoin (BTC) continues to show strong support at $67,000, even as a growing split between BTC’s price stability and bearish sentiment among investors leaves the cryptocurrency in a state of equilibrium. BTC’s resilience in avoiding dips below $60,000 has been driven by strong institutional investor demand and long-term buying, despite volatility stemming from the US-Israel-Iran war. Wintermure flags a shift in BTC positioning Market maker Wintermute noted that Bitcoin’s price and sentiment were diverging. The Fear and Greed Index sat at 11 on Tuesday, staying in “extreme fear” for over…

Bitcoin slips after Trump warns Iran’s civilization could be destroyed

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Bitcoin’s price dropped back below $68,000 on Tuesday as geopolitical uncertainty surged after US President Donald Trump issued a stark warning to Iran of potential destruction, saying “a whole civilization will die tonight.” “I don’t want that to happen, but it probably will,” Trump wrote on Truth Social in the early morning. He added that with a “complete and total regime change” in place, there was potential for positive developments, and called the moment one of the most important in Iran’s recent history. “47 years of extortion, corruption, and death,…

Schwab says Bitcoin and Ether belong in portfolios only with careful sizing

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Charles Schwab is telling investors to keep crypto sizing modest if they decide to add digital assets to a broader portfolio, arguing that Bitcoin and Ether can quickly reshape portfolio risk even at low weights. In a new April 6 note, Schwab outlined two main frameworks for crypto allocation: a traditional approach based on expected returns, volatility, and correlation, and a risk budgeting approach that starts with how much overall portfolio risk an investor is willing to assign to crypto. The report stops short of endorsing any standard allocation. Instead,…

Bitcoin Circles $68,000 as Stocks Wobble on Iran War Rhetoric

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Bitcoin (BTC) stayed near a key long-term trend line at Tuesday’s Wall Street open as markets waited for US-Iran war cues. Key points: Bitcoin and US stocks attempt to shrug off claims by US President Donald Trump that a “whole civilization will die” after his Iran deadline expires. Oil eyes a rematch with multiyear highs as escalation fears take control. Bitcoin traders see lower levels resulting from current indecision. Bitcoin attempts to ignore Trump Iran comments Data from TradingView showed BTC price action focusing on its 200-week exponential moving average…