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Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday


At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC...

FTX Seeks Creditor Votes as Customers Object Repayment Plan


Controversy and FTX, the defunct cryptocurrency exchange, have become two sides of the same coin since the course of its infamous bankruptcy claim. FTX is back in the headlines due to creditors’ dissension over the repayment plan set up by the exchange. According to a Reuters report, FTX...

Ethereum hits bottom; is it way forward for a rebound?


Ethereum has hit a low of $3,377.84, with a slight upswing of 1.66% in the last 24 hours. It is right to assume that the second-ranked crypto in terms of market cap only has an uphill journey for it in the times to come. This stems from two justifications: one, approval of Spot Ether ETF …

FBI Warns of Fake Firms Promising to Recover Lost Cryptocurrencies


The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial...

Analyst highlights three liquidity factors influencing the BTC price


Ki Young Ju, the founder and chief executive officer of CryptoQuant, has highlighted that there are a total of three liquidity factors that are affecting the price of Bitcoin ($BTC). These are stablecoins, fiat currencies, and spot ETFs. BTC is currently down to around $61,000, and there are rising...

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