Illustration of Bitcoin price rebounding above 65,000 amid falling oil prices.
Image generated by AI

Bitcoin rebounds above $65,000 amid falling oil prices

Reported by AI Image generated by AI

Bitcoin climbed back above $65,000 on June 22 after touching lows near $63,000, supported by a sharp drop in crude oil prices.

Franklin Templeton filed paperwork with the US Securities and Exchange Commission on June 18 to launch two exchange-traded funds that would hold US stocks and automatically reinvest dividends into Bitcoin exposure.

Reported by AI

Hyperliquid ETFs have drawn in 172 million dollars since their launch. This comes as the HYPE token reached an all-time high. Meanwhile, U.S. spot Bitcoin ETFs have seen outflows of nearly 5.6 billion dollars over the same period.

A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust occurred on May 26. The transaction involved 29.21 million shares sold at a discount.

Reported by AI

U.S. spot XRP ETFs recorded net inflows of about $35 million from May 20 to May 29. Bitcoin and ether ETFs lost roughly $2 billion combined during the same period. The flows highlight diverging investor interest in the crypto market.

Exchange-traded funds tied to the KOSPI index and South Korean chipmakers are scheduled for launches overseas later this year.

Reported by AI

Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.

 

 

 

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