Bitcoin’s $80,000 floor faces Friday inflation test as ETF inflows lose momentum
Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day. Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with both sessions positive. A $26… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day.
- Farside Investors recorded $526.7 million in net inflows on Oct.
- 19 and $23.2 million on Oct.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Starknet community overwhelmingly backs research into becoming an independent post-quantum Layer 1
Starknet's community backed research into becoming an independent post-quantum Layer 1, with a draft whitepaper expected in November.
Asian stocks tumble, bitcoin retreats as China enters bear market
Technology shares led regional losses as mixed U.S. earnings unsettled investors and Brent crude climbed above $112 a barrel.
David Schwartz Doesn’t Know Who Sent Him This XRP Meme Coin Gift
XRP meme coin FUZZY gained 100% in a week as Ripple ex-CTO David Schwartz unboxed gift cards after calling memecoin investing distasteful. The post David Schwartz Doesn’t Know Who Sent Him This XRP Meme Coin Gift appeared first on BeInCrypto.