CME denied information about XRP and Solana futures trading as incorrect. The erroneous data led to temporary price increases in the cryptocurrency market. Continue Reading: CME Clarifies Misleading Information on XRP and Solana Futures The post CME Clarifies Misleading Information on XRP and Solana Futures appeared first on COINTURK NEWS .
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Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead
Bitcoin’s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding from the $92K level. While the market has also broken the $100K level to the upside, it has failed to sustain bullish momentum and is having a hard time getting past the $108K resistance level. If the $100K level is lost, a drop back toward the $92K region could be expected in the near future. The 4-Hour Chart Looking at the 4-hour timeframe, things look a lot messier in the past few days. The price action has been extremely choppy after the bullish breakout from the $100K level and the falling wedge pattern. The $108K resistance zone has also rejected the asset decisively, and the market is now moving back toward the $100K level. The RSI has also dropped below 50%, which could lead to a breakdown of the $100K area and cause a deeper correction. On-Chain Analysis By Edris Derakhshi (TradingRage) Bitcoin Exchange Netflow While Bitcoin is trading at all-time high prices, an interesting observation can be made by looking at the short-term holder SOPR. This metric measures the ratio of realized profits by investors who have held their BTC for less than 6 months. As the chart depicts, the STH-SOPR has been dropping rapidly over the past couple of weeks, indicating that most profit-taking by short-term holders has already been done. This is a positive signal, as it points to a potential supply shrink, which could push the price higher in the upcoming weeks. The post Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead appeared first on CryptoPotato . CoinTurk News
Bitcoin And Ethereum ETFs Continue Positive Inflow Streak! Here Are The Latest Data
The cryptocurrency market has witnessed significant volatility in recent data, with spot exchange-traded funds (ETFs) for both Bitcoin and Ethereum experiencing significant inflows. Bitcoin and Ethereum Spot ETFs See Significant Inflows, Driving Market Growth Bitcoin Spot ETFs Net Inflow (Daily): $249 million BlackRock Bitcoin ETF (IBIT): Reached a 5-day inflow streak with a total of $344 million. Total Net Asset Value (NAV): $121.403 billion Bitcoin spot ETFs continue to attract strong investor interest and are underpinning the overall market with steady inflows into major funds like BlackRock’s IBIT, highlighting growing institutional confidence in the cryptocurrency. Ethereum Spot ETFs Net Inflow (Daily): $70.641 million BlackRock Ethereum ETF (ETHA): $79.1055 million Fidelity Ethereum ETF (FETH): recorded an inflow of $8.9782 million. Ethereum spot ETFs have recorded six consecutive days of net inflows, signaling strong investor demand. BlackRock’s ETHA ETF led the way with the majority of inflows, while Fidelity’s FETH ETF also contributed to Ethereum’s growing institutional adoption. The continued inflows into both Bitcoin and Ethereum ETFs underscore the growing institutional involvement in the cryptocurrency market. As regulatory clarity increases and adoption expands, ETFs continue to provide a bridge for traditional investors to gain exposure to digital assets. The total assets under management for Bitcoin spot ETFs exceed $121 billion and Ethereum ETFs follow a similar growth trajectory, suggesting that the market is set to develop further in 2025. *This is not investment advice. Continue Reading: Bitcoin And Ethereum ETFs Continue Positive Inflow Streak! Here Are The Latest Data CoinTurk News