Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs
Historical trends favor Bitcoin over Ethereum in year's tail end.
James Van Straten 1 min read Bitcoin Insights
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James Van Straten 1 min read Latest insights
Bitcoin
Magnificent 7 market cap drops $2.6 trillion in 20 days, while Bitcoin rises
Bitcoin outperforms most of magnificent 7 YTD, hovering around $66,000.
Macro
Bank of Japan’s rate hike hits highest since 2008, Metaplanet shares drop 22%
Historical interest rate hikes by BoJ point to potential economic slowdown.
Bitcoin
BlackRock’s Ethereum ETF inflow surpasses its Bitcoin ETF inflow
BlackRock's IBIT defies trend, records $74.9 million inflow, surpassing $20 billion mark.
Highlight
Open interest on cash-margined futures is volatile and tied to spot prices
Historical comparison shows consistent growth in cash-margined futures open interest.
Highlight
Bitcoin transaction fees drop to yearly low
Reduced Bitcoin transaction fees signal low network demand since April 2024 halving.
Macro
US national debt surpasses $35 trillion
The interest in the US national debt is now as high as the country's defense budget.
Alpha
Bitcoin mining difficulty set for largest increase since October 2022
Hash rate surge sets stage for major Bitcoin difficulty adjustment.
ETFs
Bitcoin ETFs see $124.1M in inflows as Ethereum struggles with outflows
Total Bitcoin ETF inflows hit $17.7 billion as BlackRock's IBIT leads the charge.
Bitcoin
Over 35k BTC added to exchange balances in 2 weeks
Glassnode data reveals sharp rise in BTC exchange inflows since mid-July.
Derivatives
Bitcoin futures open interest reaches ATH
Institutional interest propels Bitcoin futures OI to record $39.37 billion post Bitcoin2024.
Ethereum
Bitcoin ETFs see $31.1 million inflows, Ethereum ETFs outflows as BTC dominance hits 56%
BlackRock's IBIT boosts Bitcoin ETFs despite Grayscale's drag, Ethereum ETFs see net outflows
Bitcoin
US GDP growth beats expectations at 2.8% as Bitcoin dips below $64,000
Strong US GDP growth at 2.8% causes investor optimism for Bitcoin.
