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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Bitcoin declines for the fourth day in a row...the worst loss since mid-December

    Rocky
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    Bitcoin declines for the fourth day in a row...the worst loss since mid-December Empty Bitcoin declines for the fourth day in a row...the worst loss since mid-December

    Post by Rocky Mon 15 Jan 2024, 5:12 am

    Bitcoin declines for the fourth day in a row...the worst loss since mid-December

    Bitcoin declines for the fourth day in a row...the worst loss since mid-December 40443



    Arab and international
       


    Economy News - follow up
     
    [rtl]Bitcoin has fallen for four consecutive days, recording its worst losing streak since mid-December.[/rtl]
     
    [rtl]This comes after it briefly exceeded the level of $49,000, which is its highest level in about two years, against the backdrop of the US Securities and Exchange Commission’s approval to list trading funds that track Bitcoin in the United States.[/rtl]
     
    [rtl]The exchange-traded funds began trading on January 11.[/rtl]
     
    [rtl]The newly launched Bitcoin exchange-traded funds (ETFs) saw total inflows of $1.4 billion in the first two trading sessions, according to Bloomberg ETFs analyst Eric Balchunas.[/rtl]
     
    [rtl]According to a post by Balchunas on the “X” platform, a total of 500,000 transactions were made on the funds, with a total trading volume of $3.6 billion, according to data from “Bloomberg.”[/rtl]
     
    [rtl]Trading volume takes into account outflows and inflows of funds. Balchunas suggested that the figures could be adjusted due to transactions awaiting accounting settlement.[/rtl]
     
    [rtl]The US Securities and Exchange Commission approved 11 bitcoin exchange-traded funds on January 10, in an approval that many experts considered, in exclusive statements to “Arabia Business,” to be historic.[/rtl]
     
    [rtl]The data reveals that the Grayscale Bitcoin Trust is the only ETF that saw an outflow of $579 million during this period.[/rtl]
     
    [rtl]After deducting the fund's outflows, the total net inflows across the funds amounted to $819 million.[/rtl]
     
    [rtl]Activity on the funds so far is in line with previous forecasts by ETF analyst James Seyfart, who believes bitcoin ETFs could attract around $10 billion in the first year.[/rtl]


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    Added 01/15/2024 - 11:31 AM
    https://economy-news.net/content.php?id=39446
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