Bitcoin fell 0.44% to $57,827 amid ETF inflows and US rate cut speculation. Ethereum shows mixed signals with key resistance at $3,244.

Bitcoin dipped, while ETF inflows continued for a fourth day, highlighting the mixed performance of the cryptocurrency market amid varied influences including ETF flows, government sales, and potential shifts in US monetary policy. Bitcoin (BTC) dipped by 0.44%, retreating from its modest 2.32% gain on Tuesday to close at $57,827. Meanwhile, the US spot BTC […]

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Bitcoin fell 0.44% to $57,827 amid ETF inflows and US rate cut speculation. Ethereum shows mixed signals with key resistance at $3,244.

  • Bitcoin dipped 0.44% to $57,827 despite ETF inflows and potential US rate cuts.
  • Significant BTC ETF inflows: Fidelity Wise Origin ($57.8M) and Franklin ($31.7M).
  • Ethereum trades bearishly short-term; key levels at $3,244 resistance and $3,033 support.

Bitcoin dipped, while ETF inflows continued for a fourth day, highlighting the mixed performance of the cryptocurrency market amid varied influences including ETF flows, government sales, and potential shifts in US monetary policy.

Bitcoin (BTC) dipped by 0.44%, retreating from its modest 2.32% gain on Tuesday to close at $57,827. Meanwhile, the US spot BTC ETF sector saw net inflows for the fourth consecutive session, totaling $147.37 million on Wednesday.

Fidelity Wise Origin Bitcoin Fund (FBTC) led the pack with substantial inflows of $57.8 million, according to data from SosoValue. Franklin Bitcoin ETF (EZBC) also experienced net inflows of $31.7 million, while Grayscale Bitcoin Trust (GBTC) ended its session with outflows totaling $8.2 million.

US equity markets also enjoyed gains, with the Nasdaq Composite Index rising by 1.18%. Additionally, 10-year Treasury yields fell by 12 basis points as optimis…

The post Germany Sells Bitcoin, But Institutional Investors Pile into Bitcoin ETFs appeared first on Coin Edition.