BlackRock offloaded $1.2 billion of these cryptocurrencies in a week

BlackRock recorded massive outflows from its spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) over the past week as the cryptocurrency market struggled with volatility. To this end, the world’s largest investment manager saw investors pull a combined $1.197 billion from the two cryptocurrency products. The data indicates that the bulk of the outflows […]

Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

Bitcoin was created as a response to the kind of debt-financed monetary disorder now playing out across global bond markets. The original thesis was that when governments borrowed recklessly and debased their currencies, hard-money assets would absorb the resulting demand. What that thesis left unresolved is the possibility that the debt spiral could tighten financial […]

Bitcoin Price Analysis: BTC Risks Deeper Correction Below $74K

Bitcoin is trading in a volatile but technically fragile range on Saturday as bearish pressure from Friday evening’s whiplash continues to dominate higher time frames despite selective short-term recovery attempts. Traders are monitoring whether the leading crypto asset can stabilize above the critical $74,000 support zone after a sharp retreat from recent highs near $82,833. […]