In the meantime, bitcoin bulls might be left scratching their heads at what might be needed for a true upside breakout. The spot ETFs on Thursday completed an 18th-consecutive day of inflows, a steak not even accomplished during the frenzied price increases of February and March. Over that 18-day streak, the ETFs accumulated more than 56K bitcoins, according to HODL Capital, or nearly 7x the amount of bitcoin mined during that period.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.coindesk.com/markets/2024/06/07/big-friday-crypto-selloff-pulls-bitcoin-below-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :not
- a
- accomplished
- Accumulated
- amount
- an
- and
- At
- BE
- below
- Big
- Bitcoin
- bitcoin bulls
- Bitcoins
- breakout
- Bulls
- Coindesk
- Completed
- crypto
- day
- during
- ETFs
- Even
- February
- For
- Friday
- heads
- HODL
- HTTPS
- images
- Increases
- inflows
- jpg
- left
- March
- meantime
- might
- mined
- more
- nearly
- needed
- of
- on
- or
- over
- period
- plato
- Plato Data Intelligence
- PlatoData
- price
- Pulls
- SellOff
- Spot
- streak
- than
- that
- The
- their
- thursday
- to
- true
- Upside
- What
- zephyrnet
More from CoinDesk
U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments
Source Node: 1910655
Time Stamp: Nov 7, 2023
Ethereum Apps Could Soon be Launching on Competitor Solana
Source Node: 1743894
Time Stamp: Nov 7, 2022
First Mover Americas: Ether Surges on BlackRock’s ETF Plans
Source Node: 1911671
Time Stamp: Nov 10, 2023
Surging Bitcoin-Sterling Trading Volume Points to Hedging Demand for Crypto, or Does It?
Source Node: 1704887
Time Stamp: Sep 29, 2022
Zcash May Be Getting Spammed but the Blockchain Is Doing Just Fine, the Company Behind It Says
Source Node: 1720379
Time Stamp: Oct 6, 2022
Sports Tokens Surge After Socios.com Gets Regulatory Approval in Italy
Source Node: 1634735
Time Stamp: Aug 19, 2022
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
Source Node: 1825780
Time Stamp: Apr 14, 2023
Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?
Source Node: 1877841
Time Stamp: Aug 18, 2023
Litecoin Mining Difficulty Is Hitting New Highs, Foundation Says
Source Node: 1747832
Time Stamp: Nov 5, 2022
Crypto Lender Celsius Shouldn’t Reopen Custody Withdrawals, US Trustee Says
Source Node: 1709693
Time Stamp: Sep 30, 2022
Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K
Source Node: 1923911
Time Stamp: Dec 11, 2023