Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin…
Investors stepped back this week as a mix of shifting bets and quick profit-taking pushed money out of spot crypto ETFs. Markets moved fast, and some of the biggest swings were driven by short-term reactions rather than a change in long-term views. Spot Crypto ETF Flows Based on reports from Farside, US-based spot Bitcoin ETFs…
Bitcoin slid sharply this week, hitting just above $82,000 in early US trading and triggering a wide purge of crowded positions. Based on data from Coinglass, roughly 270,000 accounts were wiped out across exchanges in the past day, and close to $1.70 billion in total liquidations was recorded. Many of the losses came from traders…
A large investor shifted funds into tokenized gold this week, and Bitcoin felt the impact. Prices dipped while a whale quietly bought millions in XAUT, a gold-backed token, signaling a short-term move toward traditional hedges. Whales Move Into Tokenized Gold According to on-chain trackers, one address moved $1.53 million in USDC into Hyperliquid to buy…
