Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin's Bullish Momentum in Question as Ether ETFs See Biggest Outflows Since July

Bitcoin's Bullish Momentum in Question as Ether ETFs See Biggest Outflows Since July

CointimeCointime2024/10/30 12:33
By:Cointime

The latest crypto market updates can be found in CoinDesk's daily newsletter, First Mover, which includes information on the formation of Uptober due to increased stablecoin liquidity and Bitcoin transactions, as well as the biggest outflows from Ether ETFs since July. Bitcoin has broken the $64K mark while gold prices are also rising. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading some to question if Bitcoin is losing its bullish momentum. The CoinDesk 20 Index currently stands at 2,149.28 with a slight increase of 0.13%.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Standard Chartered sees more sovereign wealth funds buying bitcoin

Standard Chartered’s Geoffrey Kendrick expects more sovereign wealth funds to start buying bitcoin.Kendrick also sees more state pension funds and other institutional investors purchasing bitcoin, maintaining his $500,000 BTC forecast by 2028.

The Block2025/02/18 13:55

Proposed US gold reserve audit could spur blockchain adoption for sovereign reserve tracking, analysts say

Gold prices advanced amid safe-haven demand triggered by renewed U.S. trade policy concerns and geopolitical tensions.Meanwhile, calls for an audit of Fort Knox’s gold reserves has reignited debates over the reliability and oversight of national financial assets, and the potential for a blockchain-based solution.

The Block2025/02/18 13:55