Significant capital outflows hit U.S. Bitcoin and Ethereum ETFs, with $BTC ETFs losing $37.29M and $ETH ETFs losing $37.51M on Sep 4, 2024. Key funds like $GBTC and $ETHE were impacted, while Hong Kong’s market remained stable.
Bank of Canada cuts interest rates by 25 basis points to 4.25% amid cooling inflation. $BTC trading below $58k may benefit as rate cuts often boost investments in riskier assets.
? Zürcher Kantonalbank ($ZKB) now offers 24/7 Bitcoin and Ethereum trading via eBanking and Mobile Banking. Managing $235B in assets, ZKB provides secure crypto storage. Available to Swiss residents only, all transactions are in USD.
Howard Lutnick, CEO of Cantor Fitzgerald, predicts U.S. banks will store $BTC alongside the dollar within five years. Regulatory changes and the rise of cryptocurrency ETFs are driving institutional interest and potential widespread adoption.
Cantor Fitzgerald CEO Howard Lutnick predicts U.S. banks will hold and trade $BTC within five years, driven by regulatory changes. The firm plans a $2 billion Bitcoin lending initiative and supports stablecoins like Tether for economic benefits.
Spot Bitcoin ETFs drive $50B in inflows, but SEC rejections and upcoming US elections could shape future regulations. Trump’s pro-crypto stance may boost sentiment, while Harris’s policies remain unclear. Grayscale judgment pivotal for Bitcoin ETF approval.
Veteran trader Peter Brandt turns bearish on $BTC, citing a pattern of lower highs and lows. Crypto expert Ali Martinez warns of a potential 75.50% correction. Bitcoin wallet growth declines, contrasting with increases in Ethereum and Tether.
US Fed expected to cut rates by 0.5%, shifting focus to job market health. $BTC and altcoins may rally as investor risk appetite grows. August saw 125K new jobs with 4.3% unemployment. Stay alert to further Fed announcements.
Bitcoin ($BTC) shows high volatility at $58,500. Historically weak in September, recent trends and a potential US Fed rate cut suggest a possible rally. Increased whale activity signals investor interest. Keep an eye on key price levels.
Crypto funds saw $305M in outflows, led by $BTC with $319M. US-based funds faced $318M in withdrawals, while $ETH outflows hit $5.7M. However, blockchain equities and Bitcoin miner products gained $11M, showing selective investor interest.
Cardano ($ADA) completes the first phase of its Chang hard fork, introducing a token-based governance system and an interim constitution. Founder @IOHK_Charles claims the upgrade surpasses Bitcoin in impact, paving the way for a fully decentralized network.
$BTC ETFs in the U.S. saw a $175.67M outflow on Aug 30, doubling the previous day’s figure, marking four consecutive days of declines. $ETH ETFs remained stable, while Hong Kong ETFs had mixed movements in $BTC and $ETH. @CryptoMarketInsights
Anatoly Yakovenko compares $ETH’s energy-efficient Proof-of-Stake model to $BTC’s energy-intensive Proof-of-Work system. While Ethereum has reduced energy costs, Bitcoin’s broader acceptance and ETF approval attract more institutional investments.
U.S. cryptocurrency ETFs faced major outflows on August 29, 2024, totaling $73.5M. $BTC ETFs led with $71.7M outflows, including $31.1M from Fidelity. $ETH ETFs saw a $1.77M loss, with Grayscale’s $5.4M outflow.
