Bitcoin (BTC) has recently experienced significant price volatility, with traders now watching closely as the relative strength index (RSI) indicates extreme market conditions. Recent analysis shows that the RSI for
A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others. BTC Slumps Hard After a relatively quiet weekend, which BTC spent mostly at around $98,000, the cryptocurrency went on the offensive on Monday. Within just a few hours, its price skyrocketed from under $99,000 to a multi-week peak of $102,400. This was the first time the asset exceeded the $100,000 mark since the start of the year. It kept climbing during the Tuesday Asian trading session and peaked at $102,800 (on Bitstamp). However, it quickly started to lose value as the day progressed. Once the US trading hours kicked in and some controversial data came out , BTC started to freefall and dumped by five grand in about 60 minutes. It kept dropping in the following hours and plunged to $95,200 earlier this morning, leaving roughly $700 million in liquidations. Despite recovering slightly since then, bitcoin is still 6% down on the day. Its market cap has plummeted from over $2 trillion to under $1.9 trillion, and its dominance over the alts stands at 54.3%. Bitcoin/Price/Chart 8.1.2024. Source: TradingView Alts in Freefall State As it typically happens during such violent corrections, most altcoins have it worse. Ethereum is among the poorest performers, having dumped by 8% from over $3,600 to under $3,400. Even more painful declines come from SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, and SHIB, as most of them have dumped by double digits. XRP and BNB have dropped by a more modest 4.5% and 3.2%, respectively, while LEO is the only larger-cap alt that is not deep in the red. The total crypto market cap went from $3.760 trillion yesterday to under $3.5 trillion today, losing roughly $300 billion in the process from top to bottom. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch) appeared first on CryptoPotato .
Bitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top. Pi Cycle Indicators Predict the Bitcoin Price Top The Pi Cycle indicator is an accurate indicator that successfully forecasts the Bitcoin price at the top. It has accurately predicted the top in 2013, 2017, and 2021; the next might be 2025. Pi cycle analysis depends on the 111-day moving average (111DMA) and 350-day moving average multiples by 2, where the intersection of these two moving averages predicts the cycle tops. Now, after the ongoing BTC price struggle amid the crypto market crash , this tool hints at the top, keeping the investor’s confidence strong amid the crash. The crypto market signals that the BTC top will likely happen in the mid-to-end period of 2025. Although the timeline could vary, the historical result confirms the top formation within days of peak prediction. Cryptocurrency Peak Prediction: BTC Top To Form on September 17, 2025 The latest Pi cycle top prediction reveals that the next crossover will occur on September 17, 2025, resulting in the BTC market peak. This BTC prediction for 2025 is based on its exponential growth ever since its formation, where the Pi chart indicator has forecasted the peak with 111 DMA and 350 DMAx2 coinciding on the charts on this date. With high accuracy and historical proof, the next BTC top will form on September 17 , but the exact value of the top is unclear for now. Some suggest it could cross six figures based on historical growth patterns, global adoption, and Donald Trump’s presidency. What You Should Do? The pi cycle indicator is a famous BTC top indicator that has accurately predicted the peak multiple times. Now, recent reports show that the BTC top will form on September 17, 2025, potentially pushing this digital asset’s price to six figures for the first time in history. Although the BTC price formed massive peaks with Donald Trump’s win, the consolidation frequency increased as Trump’s inauguration approaches. The market crash has halted the Bitcoin price surge, currently trading at $95k. Arthur Hayes’s prediction hints at a market peak in March, but investors should stay cautious and conduct their own technical analysis before investing. The post Accurate Indicator Hints Bitcoin’s Top Is Near appeared first on CoinGape .
BTC price weakness has an instant impact on RSI, which crashed to "overbought" levels not seen since early October.
The post Crypto Phishing Scams: A Growing Threat to Your Digital Assets appeared first on Coinpedia Fintech News Crypto phishing was recently demonstrated in all its glory when someone was scammed out of $474,422 worth of tokens, $OLAS, $SEKOIA, $VIRTUAL, and $FJO, to be specific. As Scamsniffer has reported , the victim signed several phishing approvals that allowed the attackers to manage the accounts. The victim was convinced that they were interacting with a genuine website. This gave the attackers a false sense of security making them transfer funds without alerting the owner.. Phishing: A Growing Concern in Crypto Phishing scams, a type of social engineering attack, where the attacker manipulates the victim into divulging personal details or providing authorisations to the fraudster, are steadily on the rise in the cryptocurrency industry. These attacks most commonly entail the creation of a dummy site that looks like the original site. The gullible users thinking they are on the original site enter login details or click on a link approving transactions which gives the hackers full control over the wallets. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : CoinSwitch Announces ₹600 Crore Recovery Plan for WazirX Hack Victims , Global Crypto Phishing Effect Out of the total percentage of attacks in 2024, the phishing percentage was high to 40% and it was estimated to be about $ 1.05 billion out of the global overall crypto scams and hacks. Modern complex scams using fake websites, social networking profiles, and deceitful agreements persist to take advantage of weak user consciousness and platform defence. Alas, with time, we have seen bad actors adapt to the changing crypto space and the strategies used by the criminals also change. It will not be easy for the victim to face the loss, but for the rest of the crypto world, it is a wake-up call to really think about safety first and spread the word. Be in the know and remember to think twice before signing any transaction since that is all you have at stake. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'e6b2819de9', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { var templateId = '6'; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById('unsubscribe_' + templateIdStr); var idNotMatchTosubscribe = document.getElementById('subscribe_' + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });
The nearing Trump administration introduces a wave of speculation and anticipation around crypto regulations, impacting Bitcoin’s fluctuating price landscape. As the market braces for a potential influx of over $612
Renowned investor Robert Kiyosaki has recently commented on the dramatic drop in Bitcoin prices, framing it as an opportunity for savvy investors. Kiyosaki’s perspective is rooted in the belief that
Shiba Inu (SHIB) price fell sharply on Wednesday, dropping over 10% in the past 24 hours. The decline broke crucial support levels following a market-wide correction that erased gains from the recent bullish trend. Despite the drop, whales accumulated 1.63 trillion SHIB tokens. Bitcoin also suffered a notable drop, breaking below $96k, impacting market sentiment. Investors now await signs of a potential price rebound amid market uncertainties. Shiba Inu Whales Buy 1.63T SHIB After 10% Price Crash The SHIB price has dropped by 10%, currently at $0.000021, as the broader crypto market faces liquidation pressures. The sudden downturn highlights ongoing volatility, with significant moves by large holders or “whales” contributing to the market dynamics. A notable transaction caught attention on January 7, 2025, as Whale Alert reported a massive transfer of 1.63 trillion SHIB tokens. Valued at $39 million, the SHIB tokens moved from Crypto.com to an unidentified wallet. This activity followed the recent price slump, raising speculation about whale strategies and their impact on SHIB’s price action. Despite the setback, some investors see these whale movements as a potential setup for a price rebound. With the market eyeing recovery, analysts are closely watching Shiba Inu’s performance for signs of stabilization. 1,636,940,000,000 #SHIB (39,038,563 USD) transferred from #CryptoCom to unknown wallet https://t.co/3J9xiNndj3 — Whale Alert (@whale_alert) January 7, 2025 SHIB Technical Analysis Shiba Inu’s price chart reveals the formation of a textbook cup and handle pattern, sparking bullish sentiment among traders. The cup-shaped curve showcases a period of accumulation followed by a smaller consolidation phase, forming the handle Such technical setups often signal a strong bullish breakout, with the meme coin aiming for potential targets at $0.00003287 and $0.00005339. The anticipated breakout offers a substantial upside of 62.53%, based on historical data. The buying zone, ranging from $0.0000161 to $0.0000193, provides a strategic entry point for investors seeking to capitalize on the trend. The SHIB is currently consolidating near $0.00002151, just above this range, indicating a potential for accumulation before a breakout. If the pattern holds, Shiba Inu may experience a steady upward trajectory into mid-2025, supported by strong volume inflows. Shiba Inu Price Targets For January 2025 The Shiba Inu price prediction has sparked significant interest among investors aiming for potential gains in the crypto market. According to technical analysis, the projected movement suggests two critical targets for SHIB. The first target, referred to as the Neckline is set at $0.00003287, representing a potential 103% profit from the buy zone. Beyond that, the second target reaches $0.00005339, offering an impressive 230% gain for those holding through the projected rally. Investors should note the buy zone identified in the chart, marking an optimal entry point before the anticipated bullish breakout. Source- TradingView Shiba Inu price whales have accumulated 1.63 trillion SHIB after a 10% price crash, fueling speculation of a potential price rebound. The current technical setup suggests strong bullish potential, with SHIB targeting gains of up to 230% if the pattern holds. Investors are closely monitoring the price action for opportunities amid ongoing market volatility. The post Shiba Inu Whales Accumulate 1.63 Trillion As SHIB Crashes 10%, Will Price Bounce? appeared first on CoinGape .
While Bitcoin (BTC) and altcoins experienced a sharp decline due to increasing macroeconomic concerns in the US, this decline was also reflected in ETFs. Spot Bitcoin and Ethereum ETFs also experienced major outflows. However, BlackRock saved the day. While other ETFs experienced significant outflows, BlackRock iShares Bitcoin ETF (IBIT) recorded an inflow of over $596 million, ensuring the day closed positively. According to Farside Investors data, Fidelity’s FBTC saw an outflow of $86.3 million, Bitwise’s BITB $13.8 million, Ark’s ARKB $212.6 million, Franklin Templeton’s EZBC $5.6 million, and Grayscale’s GBTC $125.4 million. Invesco's BTCO, Valkyrie's BRRR, VanEck's HODL and WisdomTree's BTCW recorded 0 inflows. On the other hand, BlackRock's iShares Bitcoin ETF (IBIT) recorded an inflow of $596.1 million, allowing BTC ETFs to close with a total inflow of $52.4 million. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-01-07 TOTAL NET FLOW: 52.4 IBIT: 596.1 FBTC: -86.3 BITB: -113.8 ARKB: -212.6 BTCO: 0 EZBC: -5.6 BRRR: 0 HODL: 0 BTCW: 0 GBTC: -125.4 BTC: 0 For all the data & disclaimers visit: https://t.co/Wg6Qpn0Pqw — Farside Investors (@FarsideUK) January 8, 2025 There Has Been No Login in Ethereum! In the decline, the largest altcoin, Ethereum (ETH), also fell by 9.4% in the last 24 hours and the price fell below $ 3,400. This drop in price was also negatively reflected in spot Ethereum ETF inflows, and there was an outflow of $ 86.8 million yesterday. According to Farside Investors data, no ETH ETF experienced inflows, while BlackRock's ETHA, Bitwise's ETHW, 21 Shares' CETH, VanEck's ETHV, Invesco's QETH and Franklin Templeton's EZET recorded 0 inflows. Fidelity’s FETH saw an outflow of $67.6 million, Grayscale’s ETHE saw an outflow of $8 million, and Grayscale’s ETH saw an outflow of $11.2 million. *This is not investment advice. Continue Reading: Bitcoin (BTC) Is Down! But BlackRock Saved the Day!
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.