Ethereum investment products have experienced a record outflow of $50 million this past week, signaling bearish sentiment among institutional investors.According to the CoinShares' “Digital Asset Fund Flows Weekly” report, Ether products have now experienced outflows for three consecutive weeks, with $64.3 million leaving the sector since the week ending June 6. Despite the … [Read more...] about Institutions turn bearish on ETH as record $50M exits Ether investment products
Exits
Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports.The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported.According to the report, ZG.com is a completely independent … [Read more...] about Operator of China’s first Bitcoin exchange reportedly exits crypto
Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Bitcoin (BTC) has already hit its price bottom, one of the industry's top executives believes as BTC price action stays above $40,000.In a tweet on June 14, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.Bitcoin bulls increase confidenceBTC/USD maintained higher … [Read more...] about Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’