Bitcoin Traders Look at $70,000 Mark Again as Money Flows Into U.S. ETFs
Bitcoin traders are once again aiming for the $70,000 mark reached in June, after the cryptocurrency fell across the board at one point late on Friday, while money has been steadily flowing into US exchange-traded funds (ETFs). a report from CoinShares showed that inflows into the digital asset reached $910 million last week, pushing year-to-date inflows to $27 billion, almost double the record high of 2021 The report shows that digital assets, the second largest Ether, the second-largest digital asset, saw $35 million in outflows last week, the largest outflow of any asset, according to the report. Options traders have also been upping their bets, expecting bitcoin to reach a record high of $80,000 by the end of November, regardless of who wins the U.S. election.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
