$BTC Holds Near $82K as ETF Inflows Return, but $ETH Lags
Bitcoin is trading around $82,475 and Ethereum near $2,436, as institutional demand shows signs of life. U.S. spot Bitcoin ETFs took in $526.7M on Oct. 19, their biggest single day since Sept. 22, with BlackRock's IBIT supplying $665.2M of it. Bitcoin recently tapped strong support near $82,000, which drew dip buyers. (Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying - Decrypt +3)
Ethereum is telling a different story. Spot Ethereum ETFs lost $103M on Monday, their fourth straight day of outflows, while Solana ETFs shed $6.7M. The macro backdrop isn't helping either, as the 10-year Treasury yield is holding above 5%, which keeps pressure on risk assets. (decrypt) (decrypt)
Looking ahead, the 100-day EMA at $77,128 and the 200-day EMA at $75,968 are the key supports if BTC pulls back further. On the catalyst front, the Ethereum Foundation plans to deploy the "Glamsterdam" upgrade to the Hoodi testnet on October 26, and BlackRock has filed for a "buffer" Bitcoin ETF that limits downside in exchange for capped upside. (Have Bitcoin, Ethereum and XRP finally bottomed? +2)
#Ethereum #BTC☀️ #BinanceSquareFamily
Bitcoin is trading around $82,475 and Ethereum near $2,436, as institutional demand shows signs of life. U.S. spot Bitcoin ETFs took in $526.7M on Oct. 19, their biggest single day since Sept. 22, with BlackRock's IBIT supplying $665.2M of it. Bitcoin recently tapped strong support near $82,000, which drew dip buyers. (Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying - Decrypt +3)
Ethereum is telling a different story. Spot Ethereum ETFs lost $103M on Monday, their fourth straight day of outflows, while Solana ETFs shed $6.7M. The macro backdrop isn't helping either, as the 10-year Treasury yield is holding above 5%, which keeps pressure on risk assets. (decrypt) (decrypt)
Looking ahead, the 100-day EMA at $77,128 and the 200-day EMA at $75,968 are the key supports if BTC pulls back further. On the catalyst front, the Ethereum Foundation plans to deploy the "Glamsterdam" upgrade to the Hoodi testnet on October 26, and BlackRock has filed for a "buffer" Bitcoin ETF that limits downside in exchange for capped upside. (Have Bitcoin, Ethereum and XRP finally bottomed? +2)
#Ethereum #BTC☀️ #BinanceSquareFamily