The post BTC Tests $64K Mark with Strong ETF Inflows Despite Market Corrections appeared on BitcoinEthereumNews.com.

QCP Capital, in its latest daily report from September 21, noted that cryptocurrencies experienced a resurgence for the third consecutive day. Bitcoin (BTC) tested the $64,000 mark once again, while Ethereum (ETH) climbed back to $2,500. This upward momentum was driven by substantial inflows into BTC and ETH spot ETFs. Over the past 48 hours, BTC ETFs observed a significant net inflow of $250.3 million, and ETH ETFs saw a net inflow of $8.1 million. With limited major macroeconomic events until this Friday, aside from the anticipated PCE price report, there could be a temporary pause in cryptocurrency price movements as interest rate cut fervor subsides. As of this morning, BTC has dipped below $63,000. Additionally, BTC’s front-end volatility in the options market has decreased by 6 points from its peak yesterday, continuing its decline as the market adapts to ongoing policy normalization. Source: https://en.coinotag.com/breakingnews/btc-tests-64k-mark-with-strong-etf-inflows-despite-market-corrections/

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Filed under: News - @ September 21, 2024 7:27 am