Bitcoin Rebounds Above $66K as Institutional Players Disclose BTC ETF Holdings
Bitcoin rose above $66,000 on Friday, reversing a dip below $65,000 the day before. The CoinDesk 20 Index also increased by about 1.4%. Inflows into spot bitcoin ETFs have been positive for four consecutive days, and several institutional players have disclosed significant BTC ETF holdings. Meanwhile, Coinbase has said that Ether has potential to surprise to the upside, due to its lack of significant sources of supply side overhangs and its position as the center of DeFi. The Fantom blockchain's FTM has gained 13% in the past week, thanks to the roll-out of its Sonic upgrade and increases in the total value locked on the protocol.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana’s New Inflation Overhaul Proposal Fails, Stakeholders Say Vote Signals Strong Community Engagement
A proposal to revamp Solana’s inflation system has been rejected by stakeholders, yet it is being celebrated as a milestone for the network’s governance.
Telegram Founder's Departure Triggers 67% Spike in Toncoin Trading
XRP Price Surges Against Ether, Fueling Speculation of Market Cap Flip
Trending news
MoreCrypto prices
More
