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news-imageOctober 8, 2024

Bitcoin ETFs Surge with $235M Inflows as Ethereum ETFs Stall

The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.
Publisher: Coinspeaker
Sentiment: Positive
BTC
ETH

More News Articles

Neutral
cover-imageThe Currency Analytics
October 8, 2024

Bitcoin (BTC) Price Prediction for October: Will Geopolitical Tensions Impact the Rally

Bitcoin's recent surge to nearly $64,000 triggered optimism in the market, but it faced a 1.4% retracement after setting a local top. While historical trends suggest bullish momentum for the remainder of October, the looming impact of geopolitical tensions—especially the escalating conflict between Iran and Israel—adds uncertainty to Bitcoin's price forecast.

Negative
cover-imageNewsBTC
October 8, 2024

Bitcoin ETF Options Set To Supercharge Price Volatility, Expert Warns

The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing crypto derivatives and why they could significantly impact the Bitcoin market dynamics.

Positive
cover-imageBenzinga
October 8, 2024

Jack Dorsey's Block Started Buying Bitcoins Four Years Ago: Here's How Much They Are Worth Today

Financial services company Block, Inc. (NYSE:SQ), co-founded by tech mogul Jack Dorsey, is well-known for holding a significant amount of Bitcoin (CRYPTO: BTC) on its balance sheet. What happened: Exactly four years ago on Oct. 7, 2020, the company, which also sells point-of-sale equipment to small businesses, acquired 4,709 BTCs for a total of $50 million, or $10,618 per unit.

Neutral
cover-imageBenzinga
October 8, 2024

Bitcoin Dips Below $63K: What Does Technical Analysis Say?

In his latest “Monday Markets” podcast, technical analyst CryptoCred offers insights into the current cryptocurrency market, focusing on Bitcoin's (CRYPTO: BTC) key levels and potential trading strategies for altcoins. What Happened: CryptoCred identifies $64,200 as a crucial resistance level for Bitcoin on the weekly timeframe, noting that it represents the highest close before a recent pullback.

Negative
cover-imageCrypto Economy
October 8, 2024

Bloomberg ETF Analyst Faces Criticism Over ‘Ethereum Shutdown' Remarks

TL;DR Eric Balchunas, Bloomberg's top ETF analyst, faced backlash for suggesting the U.S. government could shut down Ethereum by instructing AWS to turn off its cloud services, implying Ethereum is less secure than Bitcoin. The crypto community, including Ethereum educator Anthony Sassano and Consensys product manager Jimmy Ragosa, criticized Balchunas for spreading misinformation and propaganda.

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