Tag: Bitcoin

Bitcoin and Ethereum ETFs face significant outflows as Solana sees minor inflow

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Bitcoin and Ethereum ETFs are seeing significant outflows this week, while Solana ETFs report a minor inflow today. The odds of Bitcoin reaching $100,000 by June 30 are dropping. Bitcoin and Ethereum’s ETF outflows indicate bearish sentiment, contrasting with Bitcoin’s $1.32 billion inflow in March. Solana, despite today’s small inflow, has a $4.24 million outflow over the week. Bitcoin ETFs face $500 million in net outflows for Q1 2026 amid broader market declines. Traders are watching the Bitcoin price target for June 30 as these trends unfold. Solana ETFs show…

Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

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Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood. Key points: Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues. A new prediction sees $34,000 becoming the next BTC price bottom. Bitcoin bear-market seasonality hints that a reversal could come this month. Wood on BTC price: No more 85% “collapses” In an interview with CNBC’s Squawk Box segment on April 1, Wood stayed calm about double-digit BTC price losses. “Believe it…

Bitfinex backs El Salvador’s Bitcoin adoption, eyes on $100K by June 30: FT

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Bitfinex supports El Salvador’s Bitcoin adoption, boosting sentiment for the cryptocurrency’s long-term use. Odds for Bitcoin exceeding $100,000 by June 30 remain undefined. Bitfinex’s backing aligns with El Salvador’s strategy to increase Bitcoin reserves, despite international financial pressures like the 2024 IMF loan agreement. This support adds optimism but isn’t a major market mover. The June 30 market lacks specific odds, showing traders are still assessing the impact. Bitfinex’s endorsement may boost confidence but isn’t a direct catalyst for a price surge. Larger factors like institutional adoption or regulatory changes…

Bitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels

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The amount of Bitcoin supply in profit and loss is now getting closer to levels typical of a bear market, according to a CryptoQuant analyst. There are currently about 11.2 million Bitcoin (BTC) in profit. The previous bear market recorded 9 million BTC in profit at its lowest point, CryptoQuant analyst “Darkfost” said Thursday.  CryptoQuant data also shows there are about 8.2 million Bitcoin at a loss, with Glassnode data confirming it’s at levels not seen since late 2022.  “This is quite significant, considering that during the last bear market…

Circle to Launch cirBTC Wrapped Bitcoin for Institutions

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Stablecoin issuer Circle said it plans to launch its own version of a wrapped Bitcoin, which would put it against incumbents Coinbase and BitGo as it targets institutional users.  The asset, called cirBTC and announced on Thursday, is set to launch on Ethereum, backed 1:1 by bitcoin (BTC) and aimed at over-the-counter desks, market makers and lending protocols.  Circle said the asset is designed to provide institutions with a “highly secure and neutral version of wrapped BTC.” Financial institutions, which have become significant buyers of Bitcoin, have been actively exploring…

Bitcoin Price Teeters on Edge, Will Support Finally Snap?

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Bitcoin price started a fresh decline from the $69,250 zone. BTC is now struggling to stay above $66,000 and might extend losses in the near term. Bitcoin failed to settle above $68,000 and started a fresh decline. The price is trading below $67,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $67,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $67,500 and $67,800 levels. Bitcoin Price…

Bitcoin Bulls Must Clear $76K To Avoid New Lows In 2026

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Bitcoin’s (BTC) range-bound trading within the $60,000 to $73,000 range is impressive, especially when considering the macroeconomic backdrop of Brent crude oil rising to levels not seen since 2008, a hot war between the US, Israel and Iran, and a volatile stock market where the S&P 500 index trades at a 3.95% year-to-date loss.  Despite these intensifying headwinds, Bitcoin buyers have shown a steady appetite for buying the price drops to $60,000, and while the level currently holds as support, the risk of lower prices is not zero.    Bitcoin’s 1-day…

Bitcoin Rally To $75K Still Possible Despite Huge Macro Challenges

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Key takeaways: Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining? Institutional Bitcoin ETF outflows and miner sales test BTC’s strength, but the Federal Reserve’s options for addressing the federal deficit may also favor scarce assets. Bitcoin (BTC) faced rejection at $69,000 on Wednesday after President Donald Trump’s speech failed to guarantee an end to the war in Iran. Oil prices soared following the speech and beyond traders’ war-related worries, tumult in the private credit markets is also taking a toll…

Circle targets wrapped Bitcoin market with new cirBTC product

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Circle has unveiled cirBTC, a wrapped Bitcoin product aimed at institutional users, marking a broader push beyond its core stablecoin business and deeper into tokenized market infrastructure. Circle said cirBTC will be backed 1:1 by BTC, with reserves that are readily and independently verifiable onchain, and that the asset is being built to work across supported blockchains and the wider DeFi ecosystem. The company is pitching cirBTC as a more secure and neutral wrapped Bitcoin option for firms that want Bitcoin exposure inside onchain markets without relying on less transparent…

Bitcoin Stays Weak on Oil Woes as Analyst Queries Return to $10,000

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Bitcoin (BTC) gained a $10,000 price warning as stocks took a fresh hit over oil-supply fears at Thursday’s Wall Street open. Key points: $10,000 BTC prices may return as the market struggles to hold ground, says new analysis. Bitcoin and US stocks take a further beating as markets discount the odds of the Strait of Hormuz returning to “normal.” Oil spikes to $114 per barrel in a volatile Wall Street open. BTC price “may be reverting” to $10,000 Data from TradingView tracked BTC price action as it dipped below $66,000…