US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest single-day capital inflow since January on April 17, as the reopening of a critical Middle Eastern shipping route sparked a broader market rotation into risk assets. According to SoSoValue data, the 12 products drew approximately $664 million in fresh capital on April 17.
Bitcoin is trading around $76.2k, posting its highest price since the February crash and officially entering the $75k–$80k resistance band that has defined the ceiling of the recent consolidation.
Spot Bitcoin ETFs have just recorded their best week in over three months. In just a few days, nearly one billion dollars flowed into these funds.
Crypto analyst Hanzo has predicted that Bitcoin will rally to a new all-time high (ATH) of $170,000 in the next bull run. He also revealed what level investors should look to buy BTC in this bear market as they target this potential rally to $170,000.
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Miner pressure fades as Bitcoin now relies on sustained demand for direction.
The impending crypto legislation could enhance market stability and investor confidence, potentially driving further adoption and innovation. Senator Cramer: US nears Bitcoin and crypto legislation passage.
Iran's Friday announcement that the Strait of Hormuz would be opened during the current ceasefire triggered one of the sharpest oil reversals of the year. Brent crude fell 12.95% to $86.52, and WTI dropped 14.26% to $81.19, both their lowest levels since Mar. 11 and the largest single-day declines since Apr. 8.
U.S.-listed spot crypto ETFs extended their winning streak on April 17, pulling in fresh capital led by Bitcoin (BTC) products, even as markets weighed renewed geopolitical headlines tied to President Trump's remarks on Iran and the possibility of a breakdown in longer-term ceasefire efforts. According to figures cited by Odaily, U.S. spot Bitcoin ETFs recorded net inflows of $664 million on Thursday ET, marking the fourth consecutive session of positive flows.
Analyst reported that long-term holders accumulated 3.06 million BTC over three months, but some older coins are being sold at a loss.
Strategy BTC holdings posted a $1.3 billion unrealized gain, the first profitability after a +$10 billion paper loss.
Truss criticized central banking and defended her mini-budget, suggesting bitcoin and a CPAC UK conference could help push for economic reform.