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One crypto analyst says Bitcoin has just undergone one of the “healthiest market resets” he has seen in a long time.
Kendrick said the liquidation of leveraged positions has cleared a pathway for the crypto market to trend higher and that the market is poised to move up from its current position.
BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside.
Total net outflows of 11 U.S. spot bitcoin ETFs stood at $120 million on Wednesday.Eight spot Bitcoin funds, including BlackRock’s IBIT, saw zero flows, which analysts say is normal.
The Merlin Chain Bitcoin layer-2 grew by roughly 2,000% in the past month
Blockchain technology is being used to incentivize community building in the real world
The brokerage firm is laying out risk managing requirements for solicited purchases of Bitcoin ETFs, AdvisorHub reported.
- 2025/01/10 22:02Survey: 5-10 year inflation expectations rise to 3.3%, highest level since 2008A University of Michigan survey showed that 5-10 year inflation expectations rose to 3.3%, the highest level since 2008.
- 2025/01/10 22:01Fed's Goolsbee: Interest rates will fall sharply in 12 to 18 months if current expectations are realizedFederal Reserve Goolsbee said that if economic conditions are stable, and inflation is not rising, and to achieve full employment, then interest rates should fall. If the current expectations are realized, 12 to 18 months after the interest rate will fall sharply.
- 2025/01/10 22:00Morgan Stanley: March rate cut still more likely on more favorable inflation outlookMorgan Stanley said the U.S. nonfarm payrolls report should reduce the likelihood of a near-term Fed rate cut. As the inflation outlook is more favorable, the possibility of a rate cut in March is still greater.