Browsing: Bitcoin

With the Fed set to hike rates for the first time in three years, a Saudi pipeline shock pushing oil near $110, and ETF flows already wavering, Bitcoin’s path into Q4 hinges on a single afternoon in September.

Bitcoin price fell toward $75,500 after the U.S. Senate rejected the CLARITY Act, while bearish momentum and nearby liquidation clusters raised the risk of another decline before the Federal Reserve’s rate decision.

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…

Thirteen US-listed spot Bitcoin exchange-traded funds recorded a combined net outflow of $450.4 million on Sept. 15, the largest single-day withdrawal the group has seen since late June, according to data from Farside. The previous session, Sept. 14, had seen the same funds take in $159.9 million in net inflows.

Researchers at the Bank for International Settlements (BIS) found that estimates of Bitcoin (BTC) on-chain transfer values can differ by as much as a factor of six depending on the measurement method used. The finding, published in a BIS working paper, concerns on-chain transfer values rather than exchange trading volume, and stems from differences in…