In five consecutive sessions, American spot Bitcoin ETFs have accumulated 1.92 billion dollars in inflows. These capital inflows bring their assets under management to around 100 billion dollars.
The crypto market added roughly $400 billion in just a few days as Bitcoin surged above major resistance levels. Here are the signs analysts are watching for a new bull run.
Bitcoin experienced a dramatic pullback from approximately $79,500 — representing its strongest price level in recent months — plunging beneath the $76,000 threshold in a rapid decline that blindsided overleveraged market participants. The sudden downturn resulted in roughly $547 million worth of cryptocurrency liquidations before demand returned to stabilize prices.
Over the last four days, Bitcoin's hashprice has climbed 20.41%, punching into territory not seen since May. Bitcoin miners are pocketing fatter revenue from the latest price rally, delivering a badly needed reprieve after months of tighter margins.
Bitcoin Cash follows the broader market trend, but investors still need to remain cautious.
The recent Bitcoin sell-off highlights the risks of high leverage in volatile markets, potentially deterring future bullish speculation. Bitcoin drops below $76K, wiping out $100M in long positions.
Bitcoin holders are lined up to receive a matching balance of a new asset called ecash (ECX) when the project kicks off its three-stage hard-fork rollout with an alpha launch around Bitcoin block height 963648. The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin.
Grayscale says bitcoin's sharp weekly rally could mark a turning point after a relatively shallow bear market. Historical cycle comparisons and improving institutional demand suggest the market may be forming a more durable bottom.
Robert Kiyosaki says expanded U.S. Treasury debt buybacks amount to quantitative easing and renewed his preference for bitcoin, gold, silver, and selected real estate. Treasury describes the operations as liquidity support for longer-dated markets.
U.S. spot crypto ETFs recorded a major rebound last week, with Bitcoin and Ethereum investment products attracting roughly $2.6 billion in combined net inflows, marking their strongest weekly performance in about 10 months. Bitcoin ETFs dominated the recovery, pulling in $1.92 billion between August 17 and August 21.
Bitcoin (BTC) has slipped from its recent highs as large-scale selling by a mysterious whale raises concerns about short-term pressure on the cryptocurrency. The pullback comes after Bitcoin surged above $78,700 during the past 24 hours, extending its weekly gain to nearly 23%.
Standard Chartered's Geoffrey Kendrick says record bitcoin short liquidations and renewed ETF demand have increased the market's upside risk. He now sees a possible year-end run from $79,500 toward bitcoin's $126,000 record, a 58% climb.