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BlackRock Bitcoin Fund Sees Record Inflows on Single Day, 'Trump Trade' Sparks Market Interest?On Wednesday, BlackRock's iSharesBitcoinTrust exchange-traded fund (ETF) saw a record high net cash inflow, with approximately $872 million pouring in. This staggering figure places the fund, which was established only nine months ago, among the top ETFs globally in terms of subscription volume for 2024

Bitcoin Open Interest Surges to $19 Billion as Traders Rekindle InterestDespite a recent liquidation of $2.5 billion worth of futures contracts, leading to a reduction in positions for some traders, Bitcoin's open interest has seen a significant surge, now exceeding $19 billion

How Does the Feds Interest Rate Cuts Impact the Cryptocurrency Market?The Federal Reserve's key interest rate decisions have far-reaching implications for global markets, including cryptocurrencies like Bitcoin. The cryptocurrency market is often viewed as a hedge against traditional assets and responds swiftly to both rate increases and decreases

Interest Rate Cuts Land, Can the Crypto Market Usher in a New Bull Run?Last week, the Federal Reserve raised interest rates by 50 basis points, the first rate cut since March 2020. This action indicates that the Fed's reaction function has shifted from focusing solely on inflation to focusing on employment

Bitcoin Network Overview: Miner Confidence Remains Strong, But Trading Volume and Investor Interest DeclineBitcoin network's hash rate remains near all-time highs with miners continuing to invest in new hardware despite declining miner revenue, demonstrating their unwavering confidence in the network. However, interactions between investors and exchanges are showing a declining trend, with overall trading volume shrinking, indicating waning market participant interest

Interest Rate Cuts Are Coming! Will Bitcoin Rise? A Historical Look at the FutureInterest rate cuts, the savior of markets during periods of decline, are finally here! Since last year's bear market, investors have been eagerly awaiting this moment. Now, with interest rate cuts looming, everyone from traditional financial institutions to crypto KOLs has differing opinions, leaving us uncertain about how to proceed

Interest Rate Cuts Are a Done Deal, Crypto Market Poised for a Bull Run, Will Institutional Accumulation Spark a New Bull Market?Interest rate cuts are basically a done deal. While this is long-term bullish, it's not a short-term catalyst for immediate price surges

The Interest Rate Cut Trigger: A New Era for Bitcoin Bulls?Markets abhor uncertainty, which could be the reason behind Bitcoin's sideways trading since March. Despite positive factors like record ETF inflows, rapid institutional adoption, post-halving effects, and an increasingly heated political and regulatory landscape, the price has remained stagnant

Interest Rate Cut Expectations and Altcoin Market: Prelude to a Bull Run or the Beginning of the Peak?While the market anticipates a potential interest rate cut in September by the US Fed, the positive impact of such a policy might not be immediately visible. This is especially true as global economic uncertainty casts a shadow, prompting investors to adopt a cautious stance, waiting for the actual effects of the interest rate cut to materialize in the market

Goldman Sachs and Morgan Stanley Significantly Increased Bitcoin ETF Holdings in Q2, Reflecting Institutional Investor InterestMorgan Stanley also demonstrated interest in BlackRock's iShares Bitcoin ETF, disclosing ownership of 5.5 million shares, valued at $188 million

Future Market Outlook: ETH ETF and Interest Rate Cuts, the Engines of a New Bull Run?IntroductionThe second half of 2023 has brought a mix of anticipation and uncertainty to the cryptocurrency market. With the approval process for ETH ETFs progressing and expectations of US interest rate cuts heating up, the market is brewing a new storm

Over the weekend, over 700000 new Bitcoin addresses were generated, indicating strong investor confidence in the asset.Bitcoin (BTC) remained relatively calm last week, consolidating around $35000, with counterfeit currency leading the cryptocurrency market up over the weekend