Bitcoin`s key metric surges massively, suggesting potential recovery of market`s depth
U.Today
You can visit the page to read the article.
Source: U.Today
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn
The post Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn appeared first on Coinpedia Fintech News Bitcoin continues its downward trend, trading near $96,259 after a sharp 5% drop. The flagship cryptocurrency has faced increasing pressure from strong U.S. economic data, which has dampened investor sentiment. With a 24-hour low of $96,132 and a high of $102,022, Bitcoin’s trading volume has also dipped by 23%, reflecting cautious market activity. Overall it also hit major altcoins which fell by 5% to 10% within 24 hours, even memes felt the heat, with Dogecoin (DOGE) dropping 8% and Shiba Inu (SHIB) dropping to 10%. The global crypto market dropped 16%, now at $3.38 trillion. Despite the tumbling Bitcoin performance , BlackRock’s iShares Bitcoin ETF (IBIT) has made waves in the crypto world, recording a massive $597 million inflow despite a broader market downturn. This marks the third consecutive net inflow for spot Bitcoin ETFs, signaling strong institutional confidence even as the market faces macroeconomic pressures. In the downtrend, Bitcoin ETFs are raising the temperature. Will this rally continue? let’s find out! Record Inflows Highlight Market Optimism On January 7, BlackRock’s IBIT purchased 6,078 BTC worth $208.7 million, significantly outpacing the new BTC mined that day. As per data , the ETF’s inflow of $597 million stands out as a lifeline for the crypto market , which has been grappling with investor caution due to strong U.S. economic data. In total, Bitcoin spot ETFs saw nearly $978 million in inflows, with BlackRock leading the charge. Other ETFs Struggle Amid Selloff While BlackRock continues to dominate, other Bitcoin ETFs faced notable outflows. Fidelity’s FBTC, Bitwise’s BITB, and Ark Invest’s ARKB saw combined outflows exceeding $400 million. Grayscale’s GBTC also recorded a $125.45 million outflow, further highlighting BlackRock’s contrasting strength in the market. What’s Dragging Bitcoin Down? The crypto market is feeling the heat from strong U.S. economic data. More job openings and better-than-expected service sector numbers have made the U.S. dollar stronger, which isn’t great news for Bitcoin. On top of that, higher Treasury yields are making traditional investments more attractive, pulling attention away from crypto. The U.S. dollar index (DXY) remains strong above 108.50, while the 10-year Treasury yield hit a 35-week high of 4.68%, adding to Bitcoin’s downtrend. A Silver Lining BlackRock’s aggressive Bitcoin purchases, even during a market downturn, signal unwavering confidence in the long-term potential of digital assets. As the iShares Bitcoin ETF continues to attract substantial inflows, it could set the stage for renewed optimism in the crypto space, especially as investors navigate macroeconomic challenges. As the dust settles, all eyes are on institutional players and economic trends to see where Bitcoin heads next. With BlackRock, Fidelity, and true digital gold hype, we’re on the brink of financial freedom. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var subcribemodal = window.parent.document.getElementById(`subscribe-modal-design`); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + `_` + template_id); var li = document.getElementById(subscription + `Selected_` + template_id); if (subscriptionCheckbox.checked) { li.classList.add(`active`); } else { li.classList.remove(`active`); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `GET`, data: { action: `subscribe_api_ajax_request`, apiurl: `/app/email_newsletter/list`, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById(`subscribe_` + id); var unsubscribeButton = document.getElementById(`unsubscribe_` + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = `none`; unsubscribeButton.style.display = `block`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `block`; } } }); } }, error: function(xhr, status, error) { console.error(`Error:`, error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById(`unsubscribe_` + getcategoryId); var elementTosubscribe = parent.document.getElementById(`subscribe_` + getcategoryId); jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `POST`, data: { action: `subscribe_api_ajax_request`, apiurl: `/app/email_newsletter/list?category_row_id=` + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery(`.skeliton-loader-block`).hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById(`monthlySelected_` + getcategoryId).style.display = `block`; parent.document.getElementById(`monthly_` + getcategoryId).setAttribute(`data-id`, subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById(`monthly_` + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById(`weeklySelected_` + getcategoryId).style.display = `block`; parent.document.getElementById(`weekly_` + getcategoryId).setAttribute(`data-id`, subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById(`weekly_` + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById(`dailySelected_` + getcategoryId).style.display = `block`; parent.document.getElementById(`daily_` + getcategoryId).setAttribute(`data-id`, subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById(`daily_` + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = `none`; elementTounsubscribe.style.display = `block`; } else { elementTosubscribe.style.display = `block`; elementTounsubscribe.style.display = `none`; } } }, error: function(xhr, status, error) { console.error(`Error:`, error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector(`.unsubscribed-popup-modal .modal`); var subscribedmodal = document.querySelector(`.subscribed-popup-modal .modal`); unsubscribemodal.innerHTML=``; subscribedmodal.innerHTML=``; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll(`#subscription-options-` + categoryid + ` input[type="checkbox"]`); var errorMessage = document.getElementById(`error-message-select`); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute(`data-id`)); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(`, `); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { `subscribed_categories`: concatinateSubscribeId }; var requestSubscriberData = { action: `handle_dynamic_api_request_with_headers`, security: `e6b2819de9`, endpoint: `/app/email_newsletter/update_categories`, token: ``, data: categoryData }; jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `POST`, data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader(`X-Requested-With`, `XMLHttpRequest`); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We`re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector(`#subscribe-modal-design .modal`).style.display = `none`; unsubscribemodal.style.display = `block`; unsubscribemodal.classList.remove(`hide`); unsubscribemodal.classList.add(`show`); document.getElementById(`subscribe_` + categoryid).style.display = `block`; document.getElementById(`unsubscribe_` + categoryid).style.display = `none`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `none`; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(`,`); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(`_`)[0]); let subscribedCategoriesString = subscribedCategories.join(`, `); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById(`selectidname`)) { document.getElementById(`selectidname`).textContent = subscribedCategoriesString; } document.querySelector(`#subscribe-modal-design .modal`).style.display = `none`; subscribedmodal.style.display = `block`; subscribedmodal.classList.remove(`hide`); subscribedmodal.classList.add(`show`); document.getElementById(`subscribe_` + categoryid).style.display = `none`; document.getElementById(`unsubscribe_` + categoryid).style.display = `block`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `block`; } } } catch (e) { console.error(`Error parsing response:`, e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector(`#` + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add(`hide`); modal.classList.remove(`show`); setTimeout(function() { modal.style.display = `none`; }, 500); } else { console.warn(`Modal not found:`, modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector(`.unsubscribed-popup-modal .modal`); if (unsubscribemodal) { unsubscribemodal.classList.add(`hide`); unsubscribemodal.classList.remove(`show`); } setTimeout(function() { unsubscribemodal.style.display = `none`; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector(`.subscribed-popup-modal .modal`); setTimeout(function() { subscribedmodal.style.display = `none`; }, 500); if (subscribedmodal) { subscribedmodal.classList.add(`hide`); subscribedmodal.classList.remove(`show`); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem(`subscribe_without_Login`, `true`); localStorage.setItem(`subscribe_clicked_id`, withoutlogin_id); } document.addEventListener(`DOMContentLoaded`, function() { var templateId = `6`; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `GET`, data: { action: `subscribe_api_ajax_request`, apiurl: `/app/email_newsletter/list`, }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById(`unsubscribe_` + templateIdStr); var idNotMatchTosubscribe = document.getElementById(`subscribe_` + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem(`subscribe_without_Login`); const subscribe_clicked_cat_id = localStorage.getItem(`subscribe_clicked_id`); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie(`user_token`); if (subscribewithoutData === `true` && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem(`subscribe_without_Login`); localStorage.removeItem(`subscribe_clicked_id`); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll(`.subscription-options input[type="checkbox"]`); initialListItems.forEach(function(item) { console.log(item.checked, `Initial Checkbox checked status`); }); var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector(`.subscribe-submit .changeBtnText`); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = `Subscribe Now`; } else { subscribeButtonSpan.textContent = `Unsubscribe`; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the `active` class updateButtonText(anyActive); } document.addEventListener(`click`, function(event) { var clickedItem = event.target.closest(`.subscription-options li`); if (clickedItem) { var checkbox = clickedItem.querySelector(`input[type="checkbox"]`); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); U.Today
Bitcoin Faces Increasing Pressure, Retest of $88,000 Now Considered Possible Amid Latest Market Shifts
Bitcoin Price Dip: $5,000 Drop Challenges Market Sentiment Bitcoin (BTC) has recently faced a significant downturn, dropping over $5,000 in a single day amidst growing macroeconomic concerns, prompting discussions about U.Today