Digital Coin News

Bitcoin ETFs worldwide in focus as BTC price passes $71K

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Coin Coin Headlines News

Bitcoin ETF excitement returns as a spike in inflows is tied to BTC price momentum passing $71,000.

BTC price action reaches two-week highs as Bitcoin ETFs see a fresh surge of interest in the U.S. while other jurisdictions prepare to follow suit.

Analyzing the market, popular trader Skew suggested that the U.S. spot Bitcoin exchange-traded funds had helped boost bullish momentum.“We had considerable twap spot bid behind price all of yesterday till late US session. Typically consistent twap spot buying via coinbase has been Spot ETF related - preceeds inflows.”“The edge for a while has been what binance spot does in terms of moving price both prior and post large inflow days,” he concluded.

“Time will tell if it’s enough to keep price elevated above the R/S Flip line,” part of X commentary stated on the day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since MarchShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »

These Bitcoin Addresses Accumulated the Most BTC During Recent Rally to $71K: ITBCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin dominance risks breaking 18-month uptrend on Ether ETF launchEthereum ETFs may drive Bitcoin’s crypto market cap share down, new BTC price analysis says.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin ETFs Might Put Significant Pressure on BTC Price, Peter Schiff SaysProminent Bitcoin (BTC) critic Peter Schiff indicates that overheated interest in BTC ETFs in Q1 might be dangerous for orange coin
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of InflowsShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »

Price analysis 5/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAXBitcoin’s range-bound action has not stopped investors from snapping up Bitcoin ETFs.
Source: Cointelegraph - 🏆 562. / 51 Read more »