US spot Bitcoin ETF assets have fallen from $105.32 billion a month ago to $81.83 billion as of today, marking significant institutional capital outflow through the month. Today closes out June, and BTC is on track for one of its weakest monthly performances of the cycle. The bigger story is what happened behind the scenes. Strategy
Fear and Greed is at 17 (Extreme Fear). Bitcoin is at $59K. Read More »
The primary catalyst for yesterday’s drop was a 10% crash in global AI stocks originating in Seoul that swept through semiconductors and into crypto. Bitcoin moved in tandem with tech as investors rotated out of high-valuation sectors, with AI stock weakness turning the day broadly risk-off. BTC is now testing the $60K psychological floor for the
Fear and Greed is at 18 (Extreme Fear) and BTC slipped to $61K this morning. Read More »
Bitcoin-led selling and derivatives liquidations have kept the market under pressure, with the SpaceX IPO drawing capital away from crypto and six consecutive weeks of ETF outflows removing $6.35 billion from Bitcoin products. The PCE inflation print drops later today, and consensus expects a reading that keeps rate hike fears alive Two of crypto’s most
Fear and Greed is at 20 (Fear) and BTC is near $62K this morning. Read More »
The Fed wraps its two-day meeting today, with a rate decision arriving this afternoon. Markets are watching closely. While traders wait for the Fed, Wall Street is not pausing. BlackRock just launched a Bitcoin yield ETF. State Street entered the stablecoin reserves race. Coinbase opened stock transfers to its platform. Ripple backed Africa’s largest fintech.
Fear and Greed is at 23 (Fear) and BTC is near $65K this morning. Read More »