Market News / Story
Bitcoin ETFs shed hundreds of millions as Bitcoin holds near $81,500
Crypto Briefing ·
Crypto Briefing reports: US spot Bitcoin ETFs just had a rough couple of days. A widely shared post on X put net sales at $702 million through Thursday, while daily flow data shows approximately $729 million leaving the funds across October 7 and 8. The asset traded between $81,500 and $83,000 during this period. The selling came in two waves. October 7 saw $484.9 million in net outflows, and October 8 added another $244.1 million. BlackRock's IBIT accounted for $207.7 million of the first…
Related stories
US dollar holds near 18-month high, euro lags as bond yields riseRead story summary
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
VIEW SOURCE
Gold holds near nine-week low as Hormuz tensions raise Fed hike betsRead story summary
Gold prices edged higher on Thursday after falling to their lowest level since early August, as renewed tensions around the Strait of Hormuz kept inflation risks elevated and reinforced expectations that the Federal Reserve could raise interest rates again this year. At 21:36 ET (01:36 GMT), XAU/USD rose 0.6% to $4,134.19 an ounce, while Gold Futures gained ...
VIEW SOURCE