Tag: IBIT

Bitcoin surged 7.41% in 24 hours: A $13.5 billion liquidity injection by the Federal Reserve eased short-term funding conditions

By admin Key Points Bitcoin surged 7.41% in 24 hours, outperforming the broader crypto market’s 6.89% gain A $13.5 billion liquidity injection by the Federal Reserve eased short-term funding conditions Exchange-held BTC dropped to a multiyear low of 2.19 million coins Institutional accumulation continues, with ETFs now holding 6.4% of circulating supply Price broke above […]

Bitcoin declined 0.87% over the past 24 hours, settling at $109,036.61, and has now lost 5.1% over the last week

By Ethan Key Points Institutional outflows from Bitcoin ETFs totaled $799 million in just four days, with BlackRock’s IBIT fund responsible for half of that amount. Price action breached a pivotal Fibonacci support level at $108,434 and slipped below the 7-day simple moving average near $110,813. A single whale transferred over 30,000 BTC—worth roughly $3.3 […]