Day: January 3, 2025

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

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Key Takeaways BlackRock’s IBIT experienced a record single-day outflow of $332 million on January 1. US spot Bitcoin ETFs collectively faced outflows of $650 million for the week. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow of over $332 million on January 1, surpassing its previous record of $188 million set on December 24, according to updated data from Farside Investors. The massive IBIT withdrawals pushed US spot Bitcoin ETF’s overall flows into red territory on Thursday, even as most rival ETFs posted gains. The…

Elon Musk’s tweet sends adult-themed crypto prices soaring 400%

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Key Takeaways Elon Musk’s tweet caused CumRocket’s price to surge by 400% in under an hour. Musk’s influence on social media continues to impact crypto prices significantly. Share this article Adult-themed crypto token CumRocket surged 400% in under an hour after Elon Musk tweeted an image featuring Apu Apustaja, a Pepe the Frog variation, alongside the token’s reference. Source: Elon Musk The token’s price jumped from $0.004 to $0.02 following Musk’s Thursday tweet, according to CoinGecko data. However, the momentum quickly faded. The token currently trades at around $0.008, representing…

Bulls Push for a Controlled Comeback

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Este artículo también está disponible en español. Ethereum price started a fresh recovery wave above the $3,400 zone. ETH is consolidating and aims for a fresh increase above the $3,500 resistance. Ethereum started a decent recovery wave above the $3,450 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,500 resistance level. Ethereum Price…

Could This Be the Start of a Surge?

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Este artículo también está disponible en español. Bitcoin price is recovering losses above the $95,000 zone. BTC is gaining pace and might continue higher if it clears the $98,000 resistance zone. Bitcoin started a fresh recovery above the $95,500 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 support…