Akash Girimath
33 articles
U.S. Spot Bitcoin ETFs Report $648M Outflows Amid Long-Term Holder Activity
U.S. spot Bitcoin ETFs experienced $648 million in outflows on a Monday as long-term Bitcoin holders continue to accumulate. This trend indicates a strategic approach by seasoned investors to mitigate downside risks, according to Decrypt.
2 months ago·Decrypt·Reported by Akash Girimath
Hyperliquid's HYPE Token Rises Amid Anticipation of Major Tech IPOs
Hyperliquid’s HYPE token has seen an uptick as interest in its HIP-3 pre-initial public offering perpetual marketplace grows, coinciding with notable IPOs from companies like SpaceX, Anthropic, and OpenAI, according to Decrypt.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin Falls Below $77K Amid $672M Crypto Liquidations
Bitcoin drops below $77,000 as crypto liquidations reach over $672 million, largely influenced by a bond market sell-off, according to Decrypt. Analysts note that geopolitical shocks are exerting less direct pressure on crypto markets due to institutional influences from exchange-traded fund (ETF) flows.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin Shows Resilience Despite Institutional Sell-Off and Rising Treasury Yields
Amid a surge in 10-year Treasury yields, analyst reports indicate profit-taking rather than panic among investors, according to Decrypt. This marks the highest pace of ETF outflows since February.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin’s Drop Below $80K May Be Brief Amid STRC Cycle
DeFi publication Decrypt reports on Bitcoin's recent price movement, noting that demand may level off as ETF outflows have reached $630 million. STRC stock has historically contributed to mid-month rallies in Bitcoin since March, presenting uncertainty for price recovery.
2 months ago·Decrypt·Reported by Akash Girimath
Analysts Discuss Bitcoin's Current Bear Market Trends
Bitcoin is currently 35% below its all-time high, which analysts describe as a less severe downturn compared to previous cycles, according to Decrypt. However, concerns remain that the bear market may continue, reflecting historical trends in Bitcoin price movements.
2 months ago·Decrypt·Reported by Akash Girimath
Michael Saylor's Strategy Resumes Bitcoin Buys After Pause
Michael Saylor’s Strategy firm resumes purchasing Bitcoin, acquiring 30 BTC for every one sold, according to Decrypt. This development follows a temporary halt in their buying activity, reflecting Saylor's commitment to never being a net seller of Bitcoin.
2 months ago·Decrypt·Reported by Akash Girimath
XRP New Addresses Drop Sharply as Network Shifts to Institutional Use
According to data from Glassnode, the number of new XRP addresses has reached multi-year lows, indicating a shift from retail trading to more institutional engagement. The trend highlights the evolving landscape of XRP usage as it moves away from speculation, as reported by Decrypt.
2 months ago·Decrypt·Reported by Akash Girimath
Spot Bitcoin ETFs Reach $108.76B in Assets as Demand Resurges
Spot Bitcoin ETFs have accumulated $108.76 billion in net assets due to five consecutive weeks of inflows, according to Decrypt. This trend, along with a decline in put skew, indicates a renewal of institutional interest in Bitcoin investments.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin Surges Past $82K on US-Iran Agreement Report
Bitcoin has risen to over $82,000, its highest price in three months, following reports of a U.S. memorandum of understanding aimed at ending the conflict in Iran, according to Decrypt. This increase in Bitcoin's value coincided with a 10% drop in West Texas Intermediate (WTI) crude oil prices.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin Climbs to $81K Despite 66-Day Negative Funding Period
Bitcoin's price has surged to $81,000 during a 66-day period of negative funding rates for short traders, according to Decrypt. Analysts attribute this rise to institutional hedging rather than market fear.
2 months ago·Decrypt·Reported by Akash Girimath
Big Tech Earnings and FOMC Influence Bitcoin's Key $82K Level
Investor sentiment is under pressure due to upcoming Big Tech earnings and the Federal Open Market Committee (FOMC) meeting, with an $82,000 price point seen as pivotal for Bitcoin's potential recovery, according to Decrypt.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin ETFs Report Nine-Day Inflow Streak Amid Spot Demand Concerns
According to Decrypt, Bitcoin ETFs have noted a nine-day inflow streak totaling $2.1 billion; however, analysts point to lower on-chain demand. This discrepancy suggests that while institutional interest in ETFs is rising, it is not necessarily mirrored by the broader market engagement.
2 months ago·Decrypt·Reported by Akash Girimath
Bitcoin Rally Gains Momentum as Risk Indicators Turn Positive
Decrypt reports that Bitcoin reached over $79,000 this week, with a bullish risk indicator suggesting further growth potential. Analysts see this as a favorable time for strategic accumulation in the cryptocurrency market.
2 months ago·Decrypt·Reported by Akash Girimath
PENGU Sees Growth as Bitcoin Reaches $78K
Decrypt reports that the crypto market has become more optimistic as altcoins gain traction amid Bitcoin's recent increase to $78,000. Despite these developments, experts urge caution in the current trading environment.
2 months ago·Decrypt·Reported by Akash Girimath
