Bitcoin price slips below $80K as ETFs hit 4-month high outflows

There are two conditions for a recovery to $82K: exchange netflows returning negative and leveraged long liquidation pressure cooling.

Inflation fears and Fed uncertainty trigger the biggest U.S. Bitcoin ETF outflows since January, snapping weeks of institutional inflows.

While the rest of the industry adds crypto payments as an afterthought, Cloudbet has run on Bitcoin since 2013 — and its growing library of provably fair Originals is what that actually looks like in practic

Persistent inflation pressures may lead to prolonged high interest rates, challenging risk assets and potentially slowing economic growth. The post US supercore CPI rises to 3.3% YoY, up from 3.1%, signaling sticky inflation ahead appeared first on Crypto Briefing.

U.S. spot Bitcoin ETFs recorded $635 million in total net outflows on May 13, led by BlackRock’s IBIT. Spot Ethereum ETFs also saw $36.30 million in net outflows, with BlackRock’s ETHA posting the largest single-day loss. U.S. spot crypto ETFs had a rough session on May 13. Spot Bitcoin funds recorded $635 million in total [...]

Citigroup's strategy highlights growing institutional interest in crypto, signaling potential shifts in financial markets and investment approaches. The post Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares appeared first on Crypto Briefing.

BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.

Traders cashed out nearly $1.2 billion worth of Bitcoin in a single day last week — a sign that the recent recovery may be running out of steam. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High On May 4, investors sold 14,600 Bitcoin, pushing daily realized profits to their highest point since early December. According to CryptoQuant, that kind of selling spike during a bear market rally has historically marked a local price top. A Rally Under Pressure Bitcoin climbed roughly 37% over six weeks, rising from $66,000 in early April to briefly touch $82,380. That level lines up with the cryptocurrency’s 200-day moving average — a technical marker that proved to be a wall during the 2022 bear market. Back then, Bitcoin hit that same average in March before sliding further into a prolonged decline. CryptoQuant’s latest research draws a direct line between that episode and today’s setup. Unrealized profits among traders also spiked during the recent run-up. On M