Bitcoin’s Price Blasts Higher With $81M in Shorts Burned—Fed Cut Bets Hold Firm
Bitcoin’s Price Blasts Higher With $81M in Shorts Burned—Fed Cut Bets Hold Firm
Bitcoin is cruising at $108,610, seeing an increase of over 2% in the past 24 hours; meanwhile, the whole digital currency market value rests at $3.38 trillion. This price climb occurs a single week before the Federal Open Market Committee (FOMC) gathering, which is slated for June 18. Bitcoin Defies Credit Downgrade—Expert Says Confidence Is […]
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China’s Secret Crypto Pipeline Runs Through Hong Kong—Report
China’s top police body has set up its first official way to sell off crypto coins it grabs in criminal cases. The move leans on Hong Kong’s licensed trading platforms. It lets Beijing turn seized Bitcoin and Ethereum into yuan without loosening its own ban on crypto at home. Related Reading: 1 Bitcoin Up For […]
ETF Weekly Flows: $129 Million Outflow for Bitcoin and $281 Million Inflow for Ether
Bitcoin ETFs suffered a net outflow of $129 million for the week ending June 6, marking the second consecutive week of red flows. Meanwhile, ether ETFs extended their inflow streak to a fourth week, locking in a strong $281.07 million, the third-highest weekly inflow of 2025. Bitcoin ETFs Log Second Straight Week of Outflows While […]
Avalon Labs Burns 80 Million AVL Tokens to Kick Off Deflationary Phase
Avalon Labs has permanently burned 80 million AVL tokens, accounting for 44% of the circulating supply. According to an X post, the tokens, worth approximately $16 million, were unclaimed from the platform’s March 2024 airdrop campaign, which saw $20 million worth of AVL claimed by over 100,000 users. This major burn marks the start of […]
Circle’s Meteoric Rise Spurs CRCL ETFs From Proshares and Bitwise
Two new single-stock exchange-traded funds (ETFs) have filed to launch in order to capitalize on the explosive debut of Circle Internet Group (CRCL), which has surged 266% since its IPO last Thursday and now trades at $113 per share. Proshares and Bitwise Capitalize on CRCL’s Market Frenzy With New Funds Proshares and Bitwise are introducing […]
Bitcoin Investors Enter HODL Mode: CEX Spot Volume Drops To 2020 Lows
Bitcoin is gearing up for a decisive move as price action tightens just below key resistance levels. Bulls are working to push BTC higher and confirm the continuation of the bullish phase, but the market remains cautious. While technical structure still favors the upside, growing macroeconomic uncertainty is casting a shadow over sentiment. Inflation pressures, […]