Weekly cryptocurrency outflows reach $55M due to waning optimism for Bitcoin ETF approval
Even altcoins slumped, with only Ripple and Cardano registering inflows.
Even altcoins slumped, with only Ripple and Cardano registering inflows.
Bitcoin and most major altcoins are reeling under intense selling, and charts suggest that the market sell-off is not complete.
Markets continue to slump, giving advantage to the bears and hinting at a trend change to the downside.
After the Aug. 11 Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend.
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Bitcoin continues to range trade, and altcoin traders are starting to view BTC’s price consolidation as a positive sign for the rest of the crypto market.
Polygon Zero has accused Matter Labs of copying significant code from its Plonky2 library to zkSync, a rival Ethereum layer-2 scaling solution.
Bitcoin’s price action remains lackluster, but select altcoins are showing signs of breaking out of their respective resistance levels.
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.