Bitcoin
Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69,000
Published
2 days agoon
By
adminThe U.S. Bitcoin spot exchange-traded funds have recorded a daily outflow of $54.94 million as of Nov. 1, and Ethereum follows suit with a $10.93 million outflow.
The latest data from SoSoValue shows that the U.S. Bitcoin (BTC) spot ETFs exhibited a $54.94 million outflow on Nov. 1.
The one-day net inflow of IBIT stood at $0. According to the data, the cumulative net inflow of IBIT stood at $26.14 billion.
On the other hand, GBTC exhibited a $5.51 million outflow, which has brought its cumulative net inflow to -$20.16 billion.
FBTC, ARKB, and BITB showcased a net outflow of $25.64 million, $24.13 million, and $5.64 million, respectively.
Grayscale Bitcoin Mini Trust is the only one that enjoyed an inflow of $13.51 million. This has brought its cumulative net inflow as of Nov. 1 to $502.07 million.
The majority of the Bitcoin ETFs reported outflows primarily rather than inflows. The cumulative total net inflow of all Bitcoin ETFs came around $24.15 billion as of Nov. 1.
Ethereum ETFs record $10.93 million in outflow
In comparison to Bitcoin ETFs, Ethereum (ETH) ETFs also recorded a negative outflow date with $10.93 million. The cumulative total net inflow also stood at -$491.44 million as per SoSoValue data.
Interestingly, ETHE is the only Ethereum ETF that recorded an outflow of $11.43 million. This brought its cumulative net inflow to -$3.13 billion.
Other ETFs, including ETHA, ETH, FETH, ETHW, ETHV, and EZET, stood at $0 with no inflow or outflow.
QETH, on the other hand, enjoyed over $502,000 in inflow, bringing its cumulative net inflow to $25.82 million.
The poor inflow comes when the overall crypto market cap has plunged to $2.32 trillion. Bitcoin price has dropped to the $69,400 level, while Ethereum has gone down to the $2,490 level at press time.
Source link
You may like
Is Ethereum Price a VC Pump and Dump?
I’m Grateful for Trump’s Embrace of Bitcoin
Circle doubling down on Hong Kong presence
Crypto Fundraising Platform Legion Taps Blueprynt to Foster MiCA-Compliant ICOs in EU
PONKE Price Skyrockets 19% On Binance Support, What’s Next?
Tether CEO denies rumors of Tether building a blockchain
Bitcoin
KYVE Network plummets, Undeads Games exhibit triple-digit
Published
13 hours agoon
November 4, 2024By
adminKYVE Network has emerged as the top gainer as per the latest data with its 340% surge in the last 24 hours.
According to the latest data from CoinGecko, KYVE has shot up from a 24-hour low of $0.01307 to as high as $0.57877 but plummeted to $0.03183 at last check Sunday.
A closer look at different timeframes shows that KYVE was up by 220% in the last seven days.
The price surge, and subsequent plummet, happened while the overall market was dumping. The latest data shows that the global crypto market cap is down by 2.5% in the last 24 hours.
One of the possible developmental reasons for the surge is the recent release of their beta testing phase 2.
Undeads Games rises close to 200%
The second token on the top gainers list is UDS, with a price surge of 190%. According to CoinGecko data, UDS is up from a 24-hour low of $0.1712, and to as high as $0.7597.
At press time, the token is trading at $0.5623 — roughly a 700% surge in the last seven days. This upward movement has helped UDS hit the $28.1 million market cap.
However, the exact reason for the pump is unclear. There haven’t been any major announcements or project milestones that helped the coin achieve this price surge.
Bitcoin (BTC), which managed to climb above the $72,000 level a few days back, has reversed course in the last 24 hours.
Source link
Bitcoin
Trump’s Polymarket lead weakens, Bitcoin drops to $68,000
Published
22 hours agoon
November 3, 2024By
adminPolymarket data shows Republican presidential nominee Donald Trump’s lead over his Democratic opponent, Vice President Kamala Harris, has weakened but remains dominant.
As per the data, the twice-impeached former president’s odds declined from 66.9% to 54%.
Meanwhile, Harris has seen a substantial increase in her chances, rising from 33.5% to 46.1%. This shift reflects changing market sentiment as Election Day, Nov. 5, approaches.
Built on the Ethereum blockchain, Polymarket allows its users to buy and sell shares in different real-world outcomes by betting a stablecoin (USDC), rather than more volatile cryptocurrencies.
According to the Wall Street Journal, a Polymarket gambler known as Théo is wagering more than $30 million on a Trump victory.
Iowa poll, Epstein tapes
The shift in momentum comes as the latest Des Moines Register/Mediacom poll results bode well for Harris.
According to Ann Selzer, a prominent American pollster known for being highly accurate, Harris leads Trump in Iowa by three percentage points.
According to the poll, Harris retained 47% support compared to Trump’s 44% among likely voters. This represents a major swing from September’s poll, which showed Trump having a 4-point advantage.
Selzer told Newsweek that the same methodology was used this year as in 2016 and 2020 — two years when Trump won Iowa.
Meanwhile, The Daily Beast recently published recordings from interviews author Michael Wolff conducted in 2017 with convicted sex trafficker Jeffrey Epstein.
Epstein, who spoke at length during the interviews about his decade-long friendship with Trump, died in August 2019 at a New York City prison, where he was awaiting trial.
Trump and Harris have varied crypto stances
The candidates’ positions on cryptocurrency regulation have become increasingly relevant to investors. Trump has emerged as a vocal supporter of crypto.
He has even made a public commitment to back cryptocurrency during a May event at Mar-a-Lago. Trump’s campaign’s decision to accept crypto donations further strengthens this pro-crypto stance.
Harris’s approach to crypto has been more measured. In September, she indicated her administration would support crypto as part of a broader strategy to enhance economic competitiveness.
While her statements have been less definitive than Trump’s explicit endorsements, Harris received an endorsement from Ripple(XRP) co-founder Chris Larsen, who donated over $11.8 million to her campaign.
Larsen told CNBC that he believes the Democratic candidate will take a completely different approach to crypto than President Joe Biden, who has been criticized for picking Gary Gensler to chair the U.S. Securities and Exchange Commission.
As state polls and Polymarket predictions continue to show volatility, Bitcoin’s (BTC) price has reflected the uncertain political environment.
This is evident from its recent price drop to $68,000. According to the latest data, the global crypto market cap has plunged by 1.95% to $2.28 trillion.
Bitcoin went as low as $67,300 but managed to climb above $68,000 at press time. Ethereum (ETH) is no exception, as it fell to the $2,400 level.
Source link
Bitcoin
Donald Trump’s Sliding Victory Odds Hit Bitcoin Price (BTC)
Published
24 hours agoon
November 3, 2024By
adminSince, though, Trump’s odds have been falling, as has the price of bitcoin and cryptocurrencies in general. At one point overnight, the former president’s victory chances declined to less than 53% (with Harris rising to above 47%). Alongside, bitcoin fell to as low as $67,600. At press time, during the U.S. morning hours Sunday, both Trump and bitcoin have come back a bit, with Trump sitting at 56% and bitcoin at $68,300, lower by more than 2% over the past 24 hours.
Source link
Is Ethereum Price a VC Pump and Dump?
I’m Grateful for Trump’s Embrace of Bitcoin
Circle doubling down on Hong Kong presence
Crypto Fundraising Platform Legion Taps Blueprynt to Foster MiCA-Compliant ICOs in EU
PONKE Price Skyrockets 19% On Binance Support, What’s Next?
Tether CEO denies rumors of Tether building a blockchain
Ethereum Price Is Surging, Will It Hit $6,000?
Citi, Fidelity Exhibit Proof-of-Concept for Real-Time Forex Swap Onchain
Unlock massive potential gains: 3 high-growth Solana alternatives
MAS Push To Pioneer Commercialization of Asset Tokenization
Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?
KYVE Network plummets, Undeads Games exhibit triple-digit
Will Cardano Price Hit $0.5 In November?
Analyst Names Two Altcoins That Can Soar About 600% This Cycle, Updates Outlook on Dogecoin
Invest smart, play hard – sports meme coins aiming for a massive 99,900% growth
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin3 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Altcoins3 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So