Bitcoin was trading around $64,000 early Monday as the cryptocurrency market erased last week's losses. BTC soared to $65,400 during Asian trading hours on Monday, a nearly two-week high and is now up almost 15% from last week's correction low. Joel Krueger, market strategist at LMAX Group, said in a report on Monday that Bitcoin's rapid recovery to a bullish week's closing price points to “the next significant upside extension to new record highs. “We are setting the possibility that a low has already been set,” it said in a report on Monday. ), followed by SOL, AVAX, and NEAR, which also rose by 4% to 5% in the past 24 hours. The broader cryptocurrency market rose 3.2% in the past 24 hours. CoinDesk 20 Index (CD20).
Grayscale Bitcoin ETF Recorded first daily inflow After losing billions in assets. Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF by assets, received $63 million in new capital from investors on Friday, increasing its nearly four-year increase since converting to a spot ETF structure in January. Data compiled shows that this has brought an end to the daily outflow of funds that had continued for months.by far side investors show. U.S.-listed spot ETFs also attracted $368 million in inflows, their best day in more than a week, marking an upturn in sentiment as Bitcoin rebounded.
Bitfinex security breach dismissed by CTO Paolo Ardoinofake. ” Controversy erupted over the weekend after a group of hackers leaked a database of usernames and passwords for over 22,000 Bitfinex exchange users. However, Ardoino refuted The company pointed to the discrepancy, arguing that it does not store two-factor authentication data as “plaintext” and that the information was likely reused from previous data thefts unrelated to Bitfinex.
