Bitcoin, Ethereum ETF Outflows Surge ahead of Trump's Tariff Liberation Day
Investors pulled $222 million from US Bitcoin and Ethereum ETFs in the first two days of the week, with Fidelity's FBTC leading Bitcoin ETF outflows.
Keep up with what's happening in the crypto world in real-time.
Investors pulled $222 million from US Bitcoin and Ethereum ETFs in the first two days of the week, with Fidelity's FBTC leading Bitcoin ETF outflows.
American multinational investment management company Franklin Templeton has made global headlines this Wednesday by revealing that it is eyeing a crypto ETP launch in Europe. The company with over $1.5 trillion in AUM (Assets Under Management) now follows the footsteps of its rivals BlackRock and 21Shares, who previously revealed similar plans for the region.
Currently, the Bitcoin market stands over 30% below the all-time high. In February, the market recorded a drop of 17.5%. In the previous months, it registered a decline of 2.19%. In the last seven days alone, the market has decreased by 3.2%. However, in the last 24 hours, it has witnessed a surge of 0.9%.
TL;DR Market Capitalization Surge: Tokenized gold has surpassed a $1.5B market cap as rising gold prices (over $3,000/oz) boost demand for digital assets. Blockchain Enhancements: Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) offer fractional ownership, real-time tracking, and improved liquidity versus traditional gold investments.
Over the past week, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are down 20% and 15%, respectively, as crypto markets await the impact of President Trump's tariff announcements. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.1724 $25.6 billion +0.8% -15.9% Shiba Inu (CRYPTO: SHIB) $0.00001233 $7.26 billion -3.3% -20.3% Pepe (CRYPTO: PEPE) $0.057391 $3.1 billion -2.4% -19.2% Trader Notes: Crypto trader Nebraskangooner noted that SHIB's recent breakout was a fakeout, with many altcoins hitting resistance and retracing
The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN. The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information.
Eric Trump and Donald Trump Jr. have backed a new company, American Bitcoin Corporation, which used to be called American Data Centres. American Bitcoin recently acquired ASIC miners from the company Hut 8.
The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.US President Donald Trump is set to detail on April 2 his reciprocal import tariffs, measures aimed at reducing the country's estimated trade deficit of $1.2 trillion in goods and boosting domestic manufacturing. While global markets took a hit from the first tariff announcement, there is a 70% chance for cryptocurrency valuations to find their bottom by June, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.
The cryptocurrency marketplace appears to be experiencing an increase in bullishness, as Bitcoin (BTC) remains in the lead at $85,148.35 (+0.97 percent), while Ethereum (ETH) is relatively flat at $1,881.97. The sentiment is generally positive with major cryptocurrencies showing resilience with increased trading volume and favorable technical indicators.
SMFG is preparing to launch a stablecoin in partnership with blockchain firm Ava Labs and crypto infrastructure provider Fireblocks. The post SMBC Parent Sumitomo Mitsui Plans Stablecoin Launch with Ava Labs and Fireblocks appeared first on Cryptonews.
As markets brace for the impact of President Trump's tariff announcements, experts point to regulatory clarity as bullish catalyst, while a looming correction in equities remains the most prominent downside risk. What Happened Despite a global macro backdrop filled with uncertainties—from proposed sweeping U.S. tariffs to stubborn inflation and elevated rates—digital assets have shown remarkable resilience.
Japanese hotel firm deepens bitcoin strategy with new BTC purchase and impressive Q1 performance
Ripple (XRP) price is poised for volatility this week as President Trump's “Liberation Day” tariffs go into effect today, April 2. The impact that these tariffs will have on risk assets such as crypto and stocks is also causing jitters among investors.
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VanEck, an US-based investment management firm, has filed an application to launch a Binance Coin ETF in the US State of Delaware. If approved, it would become the first BNB ETF in the US market. In the last 30 days, the BNB market has registered a growth of 1.1%.
With no inflation, no centralized control, and a fixed supply, Bitcoin could emerge as the dominant global currency.
Bitcoin (BTC) price fluctuations have affected bull traders following recent outflows. The general market downturn has impacted trading volumes in the top crypto assets and altcoins.
As per a latest tweet from Whale Alert, Ripple has locked 700 million XRP tokens in escrow. As part of its regular escrow program, Ripple releases 1 billion XRP each month to keep the token supply predictable. These released tokens are used for institutional sales, operational costs, and other purposes.
GameStop, the 2021 short squeeze icon, has roughly $1.5 billion to begin acquiring Bitcoin for its treasury after completing its private offering of five-year convertible notes.
Chainlink price had a journey of itself in the volatile market. The token is among the top cryptocurrencies, and its blockchain network is known for its global partnerships and collaboration, raising the token's demand.
Once again, GameStop defies expectations. Known for its stock surges and status, the video game retailer makes a new move by raising $1.5 billion through a convertible debt issuance.
A reversal on tariffs is "almost inevitable" because "markets crave clarity," an expert said on a Wednesday trading note.
A South Korean investor fined for assaulting Delio's CEO underscores rising tensions among defrauded crypto investors, as regulatory scrutiny intensifies amidst the collapse of major platforms like Delio and Haru Invest. The post South Korean Investor Faces Fine for Assaulting Delio CEO Over Lost Crypto Funds appeared first on Cryptonews.
PEPE shows signs of an incoming rally as whales accumulate and bullish patterns align with on-chain data.
