U.S. Bitcoin ETFs Post Year’s 2nd-Biggest Outflows as Basis Trade Drops Below 5%
On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.
On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.
Liquidations crossed the $1.35 billion level in the past 24 hours as a market slide worsened.
Ether’s brief run to $2,850 on Monday was due to a catch-up trade that could reverse later, one trader said.
Altcoins made waves as BTC held steady despite continued outflows from spot ETFs.
Broccoli coin is the latest example of the dangers of playing in an anything goes market.
Donald Trump’s decision to impose tariffs on imports from Canada, Mexico, and China led to a steep drop in bitcoin and broader equity markets on Monday.
Buying the taban after a massive liquidation flush and higher demand for stablecoin could fuel growth in bitcoin and the broader crypto market, some say.
XRP, dogecoin (DOGE) and Cardano’s ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November.
Wintermute has launched a CFD tied to the GMUSA index, providing an easier way for traders to bet on the U.S. strategic crypto reserve.
Traders of BTC-tracked products lost $238 million in the past 24 hours, majorly in early European and Asian afternoon hours.