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Bitcoin nears $100k: Can ETF demand counter sell-offs?

AMBCrypto LogoAMBCrypto10h ago

Bitcoin nears $100k: Can ETF demand counter sell-offs? - AMBCrypto

Quick Summary:

Bitcoin approaches the $100,000 milestone, driven by surging ETF demand even as long-term holders take profits.

While the risk of a correction looms due to elevated LTH activity, the influx of institutional capital via ETFs could support Bitcoin’s bullish momentum.

Counterbalancing the sell-off by LTHs is the strong demand for Bitcoin ETFs.

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Bitcoin nears $100k: Can ETF demand counter sell-offs? - AMBCrypto (Picture 1)Bitcoin nears $100k: Can ETF demand counter sell-offs? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 16:00:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23780240

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 11 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: #103

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The story "Bitcoin nears $100k: Can ETF demand counter sell-offs?" was covered 10 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 20 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #23780240
  • URL: https://beamstart.com/news/bitcoin-nears-100k-can-etf-17323783763996

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