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U.S. spot bitcoin ETFs experienced net inflows of $84 million on Monday, marking the seventh consecutive day of positive flows. An analyst indicated that this reflects a favourable change in market sentiment due to improving macroeconomic conditions.
Bitcoin is striving to fully revive the bull market, yet market participants remain cautious, with some even anticipating a return to $76,000 following new all-time highs.
Summary: SEC staff stated that proof-of-work mining does not constitute the offer and sale of securities. The SEC also discussed mining pools, where participants combine their processing power and share the rewards.
Bitcoin traders often reduce risk ahead of FOMC meetings, yet crucial price metrics are indicating a divergence. Will BTC surge when the Fed minutes are published?
Spot bitcoin ETFs in the U.S. experienced net inflows of $274.6 million on Monday, marking the largest daily inflows since 4th February. These ETFs had previously seen five consecutive weeks of net outflows amounting to over $5 billion.
Bitcoin traders and analysts consider potential BTC price targets as upward liquidity increases and market sentiment increasingly fears levels below $70,000.
BTC price movements suggest that positive news on inflation is actually negative due to ongoing US trade war concerns, which are reducing the appetite of risk-asset traders.
Bitcoin experiences its largest weekly decline against the US dollar to date, as traders in risk assets rush to exit.
The price of Bitcoin fell after US President Donald Trump pledged not to sell any of the government's current Bitcoin holdings, but did not make a firm commitment to purchase more.
- 22:51The probability of Bitcoin reaching $1 million before the release of GTA6 has risen to 48%Jinse Finance reported that, according to the latest data from Polymarket, the probability of bitcoin reaching $1 million before the release of Grand Theft Auto 6 (GTA 6) has risen to 48%.
- 22:46Moussalem: The recent job market has slowed down, but it is still close to full employment.ChainCatcher News, according to Golden Ten Data, Federal Reserve's Musalem stated that the recent job market has slowed down somewhat, but overall remains close to full employment.
- 22:46Musalem: The inflationary impact of tariffs will fade next yearAccording to Golden Ten Data, ChainCatcher reports that Federal Reserve official Musalem stated that tariffs are pushing up inflation, but their impact is expected to gradually fade next year.