Bitcoin Is Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says
Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.
Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation report, one trading desk said.
Wood said the proposed ether ETFs weren’t approved in a regular way.
CoinDesk Indices’ XBX is currently the benchmark for $20 billion in ETF assets under management.
The latest price moves in crypto markets in context for May 29, 2024.
The company has the financial capacity to consolidate the bitcoin mining space, the report said.
Inflows to IBIT have picked up recently after a dismal few weeks at the end of April. BlackRock now holds the ETF in one of its major funds.
Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
There’s been tension among members of the Ethereum developer community – even though the ETH price is mooning due to growing anticipation that U.S. regulators might give the green light to spot ether ETFs.