#CryptoNewss
$BTC
Today news
The world’s largest crypto rose 0.8% to $63,561.5 by 02:27 ET (06:27 GMT), after falling nearly 3% last week.
Heightened risk aversion, as the U.S.-Iran standoff in the Strait of Hormuz continued to push up oil prices, spurred little appetite for speculative plays like crypto.
Continued capital outflows from major spot Bitcoin exchange-traded funds also weighed on Bitcoin, which continued to trade nearly 50% below its October record high.
Caution before a White House meeting that will involve top crypto leaders, scheduled for later this week, also kept crypto markets subdued.
Trump set to meet crypto leaders at White House this week- Coindesk
President Donald Trump is expected to attend a White House meeting of his administration’s new innovation committee on Wednesday, Coindesk reported.
The meeting is set to be attended by a host of crypto CEOs and prediction market leaders, and will also include attendees from traditional finance and artificial intelligence.
Wednesday’s meeting is a precursor to a meeting at the Commodities Futures Trading Commission, which oversees the innovation committee, on Thursday.
The CFTC is expected to discuss more crypto regulation at the meeting, which comes amid continued sparring among lawmakers over the passing of the long-delayed Clarity Act.
Bitcoin ETFs nurse deep weekly outflow
Spot Bitcoin ETFs clocked nearly $390 million in outflows last week, data from aggregator SoSoValue showed.
The outflow was the worst seen since early-July, and coincided with a nearly 3% drop in Bitcoin prices.
Bitcoin and crypto markets lagged a rally in tech and artificial intelligence stocks last week, as sentiment towards the sector was aided by a host of upbeat chipmaker earnings.
$BTC
Today news
The world’s largest crypto rose 0.8% to $63,561.5 by 02:27 ET (06:27 GMT), after falling nearly 3% last week.
Heightened risk aversion, as the U.S.-Iran standoff in the Strait of Hormuz continued to push up oil prices, spurred little appetite for speculative plays like crypto.
Continued capital outflows from major spot Bitcoin exchange-traded funds also weighed on Bitcoin, which continued to trade nearly 50% below its October record high.
Caution before a White House meeting that will involve top crypto leaders, scheduled for later this week, also kept crypto markets subdued.
Trump set to meet crypto leaders at White House this week- Coindesk
President Donald Trump is expected to attend a White House meeting of his administration’s new innovation committee on Wednesday, Coindesk reported.
The meeting is set to be attended by a host of crypto CEOs and prediction market leaders, and will also include attendees from traditional finance and artificial intelligence.
Wednesday’s meeting is a precursor to a meeting at the Commodities Futures Trading Commission, which oversees the innovation committee, on Thursday.
The CFTC is expected to discuss more crypto regulation at the meeting, which comes amid continued sparring among lawmakers over the passing of the long-delayed Clarity Act.
Bitcoin ETFs nurse deep weekly outflow
Spot Bitcoin ETFs clocked nearly $390 million in outflows last week, data from aggregator SoSoValue showed.
The outflow was the worst seen since early-July, and coincided with a nearly 3% drop in Bitcoin prices.
Bitcoin and crypto markets lagged a rally in tech and artificial intelligence stocks last week, as sentiment towards the sector was aided by a host of upbeat chipmaker earnings.