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Strong ETF inflows propel Bitcoin recovery to $60K
By Diya August 9, 2024 11:49 at 11:49 UTCThe BlackRock iShares Bitcoin ETF, trading under the ticker “IBIT”, led the way, attracting $157.6 million.
As a young crypto writer, I am adept at tracking the trends of the market with a knack for breaking down intricate concepts into easily digestible content.
The BlackRock iShares Bitcoin ETF, trading under the ticker “IBIT”, led the way, attracting $157.6 million.
Previously, financial advisers could only respond to client inquiries about Bitcoin investments, but now they can actively recommend these products.
The resilience and adaptability of Binance amid these challenges underscore its strength in the global crypto market.
The cryptocurrency exchange argues that these emails might reveal Gensler’s personal views and interpretations of crypto regulations, which are essential for their defence in the upcoming trial.
The Crypto Fear & Greed Index, which gauges market sentiment, has shifted from a value of 67 (“Greed”) to 26 (“Fear”) since 29 July.
Led by Blackrock’s iShares Ethereum Trust (ETHA), which saw $118 million in inflows, the funds registered a positive net flow of $33.7 million.
Mt. Gox estate’s $2.2 billion transfer is a crucial step in resolving the aftermath of the hack that crippled the exchange a decade ago.
The US Securities and Exchange Commission (SEC) has also removed Solana from its list of classified securities in its lawsuit against Binance.
Data from market analytics firm Santiment shows that social media sentiment around Bitcoin has reached its most positive level in 16 months.
There has been a 127% surge in the average number of daily active addresses across Ethereum and major L2 blockchains in the first half of the year.