Bitcoin, fed rate cut. Photo by BeInCrypto Bitcoin (BTC) has increased nearly 8% since last Friday, bouncing back from recent lows near $80,500. This rally comes as market odds for a Fed rate cut in December jumped. The recovery aligns with capitulation among short-term holders and one of Bitcoin's largest-ever exchange outflow spikes, raising the market's hope of a continued recovery. Despite this, some analysts warn of an impending correction. Market Confidence Builds Around Monetary Policy Shift Bitc ...

Bitcoin spot ETFs recorded another tough week with $1.22 billion weekly outflow between Nov. 17 to Nov. 21. Across the past month, these funds posted a total outflow of $4.349 billion, the second-largest four-week slide on record. The only larger Bitcoin ETF selling wave happened from mid-February to mid-March, when $4.806 billion exited, according to SoSoValue. NYDIG head of research Greg Cipolaro noted that ETF inflows and digital asset treasury demand largely influenced the past cycle. He added that a ...