Crypto Markets Tumble as Bitcoin ETF Outflows Surge
Bitcoin price falls amid global risk-off sentiment, with Bitcoin ETFs witnessing $287.80 million in daily outflows due to recession fears.
Bitcoin price falls amid global risk-off sentiment, with Bitcoin ETFs witnessing $287.80 million in daily outflows due to recession fears.
Bitcoin's price has seen a sharp correction at the start of each month in Q3 2024, leading to liquidations. However, Bitcoin also recovered swiftly in the following weeks.
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Crypto scams involving Bitcoin ATMs have exploded by 1,000% since 2020, with the FTC reporting over $110M in losses in 2023 - a growing threat, especially for senior citizens.
Bitcoin active addresses are declining due to a large amount of the market being "gobbled up" by institutional cash, says one analyst.
Bitcoin's price dropped 10% over 10 days, driven by macroeconomic uncertainties, spot ETF outflows, and declining miner profitability. The network's hashrate reached a new high, but challenges persist.
The crypto ETF market saw impressive growth in 2024, with Bitcoin ETFs dominating the top launches and total assets exceeding $60 billion.
Charles Hoskinson reflects on his decade-long journey building Cardano, highlighting its growth and resilience while comparing it to Bitcoin.
Metaplanet partners with SBI VC Trade to secure its Bitcoin holdings, further integrating cryptocurrency into its financial strategy amidst market volatility.