Bitcoin-related exchange-traded products are facing sudden inflows despite current conditions on crypto market
As data suggested, 3.65 billion realized profits appeared on the chain after Bitcoin reached $39,000. But while the data gave us a hint about the possible end of the rally, the reason behind the increased profit realization volume is still unclear as the volatility of the cryptocurrency remains low.
At press time, Bitcoin trades at $37,000 and gains 0.2% of its value. During yesterday's trading session, BTC has lost 4.8% but still has not dropped below the starting point of the recovery rally.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Grayscale and Bloomberg Launch First Equity ETFDespite being unable to launch a spot Bitcoin ETF in the States, Grayscale will have an exchange-traded fund in the country.
Consulte Mais informação »
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates After Yesterday’s Rally – Market Updates Bitcoin NewsHump-day provided a hurdle today, after a strong start to February, as bitcoin and ethereum were both trading lower during today’s session.
Consulte Mais informação »
40,785 BTC Transferred as Bitcoin Reaches $39,000, A Historically Strong Sign for Price⬆ +13 40,785 BTC Transferred as Bitcoin Reaches $39,000, A Historically Strong Sign for Price $BTC bitcoin
Consulte Mais informação »
NYDIG Launches Bitcoin Savings PlanNYDIG, the bitcoin services and asset management provider that was formerly part of Stone Ridge, has announced the launch of a Bitcoin Savings Plan to let employees of leading companies...
Consulte Mais informação »
Bitcoin price closes in on $40K, but pro traders are still skepticalTraders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur.
Consulte Mais informação »
The 'Make Bitcoin Legal Tender' Momentum GrowsIt's been one hell of a week for the 'Make Bitcoin Legal Tender' movement across North America.
Consulte Mais informação »