ETF outflows
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Bitcoin Nosedives to $58K: Are Massive ETF Outflows the Culprit?
- August 28, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
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The cryptocurrency market is currently experiencing significant turbulence, with Bitcoin and other major digital assets facing sharp declines. This downturn seems to be the result of several converging factors, each contributing to a broader ripple effect across the market. Market Overview Bitcoin has plunged below the critical $60,000 mark, settling around the $58,000 to $59,000
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Whales Awaken and ETFs Flee: Ethereum’s Struggle to Hold the Line at $2,600
- August 27, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
Ethereum, the world’s second-largest cryptocurrency, has recently seen its price drop to $2,600, reflecting growing concerns among investors. This decline comes amid a significant outflow from Ethereum ETFs, geopolitical tensions, and renewed whale activity, which have collectively put downward pressure on the market. ETF Outflows Signal Weakening Confidence In the past few weeks, Ethereum exchange-traded
