Conference Announcement
The Block has announced its premier conference, Emergence, set to take place in Prague on December 5-6, 2024, focusing on the future of cryptocurrency.
Market Reactions
Bitcoin and ether have seen a dip after a recent rally. This decline is occurring amidst speculation surrounding potential interest rate cuts and alarming reports regarding an assassination attempt on former President Trump.
Significant ETF Activity
US spot bitcoin ETFs recorded their highest daily inflows in nearly two months, totaling $263.1 million on Friday. The leading funds driving these inflows were Fidelity's FBTC and Ark & 21Shares' ARKB, with inflows of $102.1 million and $99.3 million, respectively.
Current Price Trends
Bitcoin is trading around $60,000 as investors anticipate an impending interest rate cut from the Federal Reserve, which is widely expected by the markets ahead of the upcoming Federal Open Market Committee meeting.
Inflation of Optimism
Market sentiment remains optimistic with industry leaders like Bitwise CEO Hunter Horsley expressing confidence in Bitcoin's future, despite recent fluctuations in prices and inflows.
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