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Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn

Coinpedia LogoCoinpedia1d ago

Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn - Coinpedia

Quick Summary:

The flagship cryptocurrency has faced increasing pressure from strong U.S.economic data, which has dampened investor sentiment.

With a 24-hour low of $96,132 and a high of $102,022, Bitcoin’s trading volume has also dipped by 23%, reflecting cautious market activity.

More job openings and better-than-expected service sector numbers have made the U.S.dollar stronger, which isn’t great news for Bitcoin.

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Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn - Coinpedia (Picture 1)Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn - Coinpedia (Picture 2)Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn - Coinpedia (Picture 3)

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Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 08:36:25 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24972103

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About Coinpedia

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 23 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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The story "Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn" has 458 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn" was covered 1 days ago by Coinpedia, a news publisher based in United States.

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Coinpedia is a fully independent (privately-owned) news outlet established in 2016 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 23 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #24972103
  • URL: https://beamstart.com/news/bitcoin-etf-inflows-hit-978m-17363264276648

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