Tag: Billion

Gold ETFs down $2.4 billion in 2024 as BTC and this memecoin soak up liquidity

It’s 2024, and the investment landscape is undeniably shifting – traditional safe havens like gold ETFs are experiencing notable outflows in contrast to Bitcoin ETFs, which have seen a substantial increase in interest since their debut at the beginning of the year. This change suggests investors are exploring new territories, possibly looking for alternatives that […]

Bitcoin volatility rising as $4.2 billion options set to expire Friday

Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and […]

Half a billion dollars of short sellers liquidated in biggest crypto rally in 9 months

Key Takeaways The cryptocurrency market cap is back above $1 trillion following the biggest surge in 9 months  Half a billion dollars of short sales were liquidated over the weekend, the most in three months Bitcoin is back above $21,000, Ethereum above $1,500, while altcoins have soared Despite powerful bounce, the market is still down […]

Bitcoin could slip below $16k as market losses nearly $40 billion

The cryptocurrency market has started the week in a negative manner, with prices of most coins down by more than 4% in the last 24 hours. Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. The price of Bitcoin is down by more than 3% in the last […]