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Quant’s QNT has exploded from around $67 a week ago to above $280, dramatically outperforming Bitcoin, Ethereum and XRP.
XRP(CRYPTO: XRP) spot ETFs pulled in $3.50 million over two days with zero outflows while Bitcoin(CRYPTO: BTC) and Ethereum(CRYPTO: ETH) funds bled $1.11 billion combined.
Strategy (NASDAQ: MSTR) owns 4% of all the Bitcoin (CRYPTO: BTC) in existence. Not 4% of the Bitcoin that trades on a given day; 4% of every coin that will ever exist. The company formerly known as MicroStrategy holds 845,050 of them. And in late August, after a summer of quietly selling, it started buying…
On the day of the Fed decision, Bitcoin is trading around $75,000–$76,000 and is down roughly 5% over the past five days. Demand for U.S. spot Bitcoin ETFs has weakened, with funds shifting toward net distribution. ETF selling has also been accompanied by a decline in weekly trading volume, which fell from $12.1 billion to…