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news-imageDecember 20, 2024

Bitcoin ETF Momentum Breaks: FBTC Posts $208M Withdrawal in Market Shake-up

US Bitcoin ETFs recorded their largest-ever single-day outflow of $680 million on December 19, 2024, led by Fidelity's FBTC with $208.55 million in withdrawals, as investors responded to the Federal Reserve's hawkish outlook on future interest rate cuts.
Publisher: Blockonomi
Sentiment: Negative
BTC

More News Articles

Neutral
cover-imageBenzinga
December 20, 2024

Are MicroStrategy's Bitcoin Purchases On Hold In January?

MicroStrategy (NASDAQ:MSTR), known for its aggressive Bitcoin (CRYPTO: BTC) acquisition strategy, may temporarily pause its purchases in January due to an alleged blackout period. What Happened: Speculation about the potential halt stems from claims that the company could suspend issuing convertible debt or conducting “at-the-market” (ATM) share sales to fund Bitcoin buys, Protos reported.

Neutral
cover-imageNewsBTC
December 20, 2024

Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know

Bitcoin's price retracement from its new all-time high of $108,353 on Tuesday to around $96,000 (a -11.5% pullback) has ignited intense speculation about whether the current bull cycle is nearing its peak. To address growing uncertainty, Rafael Schultze-Kraft, co-founder of on-chain analytics provider Glassnode, released a thread on X detailing 18 on-chain metrics and models.

Neutral
cover-imageFinbold
December 20, 2024

Will Bitcoin crash below $90k?

For the first time in many weeks, trading on Friday, December 20, raised the question of whether Bitcoin (BTC) will continue soaring like Led Zeppelin or if it will fall like a ‘lead zeppelin.'

Negative
cover-imageInvezz
December 20, 2024

Bitcoin plummets 9% amidst market jitters and Fed's hawkish tone

Bitcoin experienced a sharp sell-off on Friday, plummeting 9% as broader investor caution towards risk assets took hold. The cryptocurrency's dramatic reversal highlights the sensitivity of digital assets to macroeconomic signals and market sentiment, amidst a broader atmosphere of unease across various asset classes. Bitcoin traded at approximately $92,808.07 by 6:57 a.m.

Negative
cover-imageBitcoin
December 20, 2024

Bitcoin Drops to $92,118 as Crypto Economy Shrinks by Nearly 12%

Bitcoin (BTC) plunged over 9% on Friday to a 24-hour low of $92,118 at 6:30 a.m. Eastern Time. Bitcoin's Sharp Decline Leads $1.4 Billion in Derivatives Liquidations This crash marks one of the most dramatic dips for the cryptocurrency this month. The wider crypto scene didn't fare much better, shrinking by 11.

Positive
cover-imageCrypto Economy
December 20, 2024

‘Buy the Dip' Mentions on Social Media Hit 8-Month High as Bitcoin Dips

TL;DR Social media mentions of “buying the dip” have surged to an eight-month high as Bitcoin's price fell below $100,000, triggering widespread discussions among investors. Bitcoin's price dropped to $95,500, prompting a surge in social media activity, with the social dominance score hitting its highest level since April.

Neutral
cover-imageProactive Investors
December 20, 2024

Phony bitcoin creator gets one-year suspended prison sentence

Australian computer scientist Craig Wright, who has falsely claimed to be bitcoin's pseudonymous creator Satoshi Nakamoto, has been sentenced to one year in prison, suspended for two years, by the UK High Court. The sentence followed his breach of an anti-suit injunction that prohibited him from pursuing legal actions against bitcoin developers.

Negative
cover-imageBenzinga
December 20, 2024

Bitcoin's 2025 Outlook Suddenly Looks Uncertain: Here's Why

As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve's hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated.

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