Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n
The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
For a bearish outlook, a move below $2,500 will mean a break of the 50-EMA support as well, which might lead the price to retest the long-term support near $2,300.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Likely To Test The Psychological Resistance At $70K, ETH Bulls Led By Fresh Demands Above $2.6K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-likely-to-test-the-psychological-resistance-at-70k-eth-bulls-led-by-fresh-demands-above-2-6k","to_ping":"","pinged":"","post_modified":"2024-10-21 01:15:45","post_modified_gmt":"2024-10-20 14:15:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19200,"post_author":"21","post_date":"2024-10-20 03:28:08","post_date_gmt":"2024-10-19 16:28:08","post_content":"\n A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, Ethereum might encounter fresh supplies while entering the $2.7K-$2.8K resistance zone. In such a case, the price could pull back the descending trendline support near $2,555. From a technical point of view, ETH\u2019s bullish momentum will remain intact until the price holds above the $2,500 level.<\/p>\n\n\n\n For a bearish outlook, a move below $2,500 will mean a break of the 50-EMA support as well, which might lead the price to retest the long-term support near $2,300.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Likely To Test The Psychological Resistance At $70K, ETH Bulls Led By Fresh Demands Above $2.6K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-likely-to-test-the-psychological-resistance-at-70k-eth-bulls-led-by-fresh-demands-above-2-6k","to_ping":"","pinged":"","post_modified":"2024-10-21 01:15:45","post_modified_gmt":"2024-10-20 14:15:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19200,"post_author":"21","post_date":"2024-10-20 03:28:08","post_date_gmt":"2024-10-19 16:28:08","post_content":"\n A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum's price broke the daily resistance level of $2,450 and gained 6.5% on Monday, finishing well above its 50-day EMA of $2,552. If the 50-EMA holds as support, ETH may extend the ongoing bullish rally and retest the critical resistance at $2,815.<\/p>\n\n\n\n However, Ethereum might encounter fresh supplies while entering the $2.7K-$2.8K resistance zone. In such a case, the price could pull back the descending trendline support near $2,555. From a technical point of view, ETH\u2019s bullish momentum will remain intact until the price holds above the $2,500 level.<\/p>\n\n\n\n For a bearish outlook, a move below $2,500 will mean a break of the 50-EMA support as well, which might lead the price to retest the long-term support near $2,300.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Likely To Test The Psychological Resistance At $70K, ETH Bulls Led By Fresh Demands Above $2.6K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-likely-to-test-the-psychological-resistance-at-70k-eth-bulls-led-by-fresh-demands-above-2-6k","to_ping":"","pinged":"","post_modified":"2024-10-21 01:15:45","post_modified_gmt":"2024-10-20 14:15:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19200,"post_author":"21","post_date":"2024-10-20 03:28:08","post_date_gmt":"2024-10-19 16:28:08","post_content":"\n A weekly CoinShares<\/a> report attributes $407 million inflows into digital asset investment products to US political shifts. The October 5-11 inflows come amid stronger-than-expected economic data in the US.\u00a0\u00a0<\/p>\n\n\n\n CoinShares report now attributes the inflows to the upcoming US elections<\/a> rather than the Fed\u2019s policy outlook. CoinShares head of research, James Butterfill said:\u00a0<\/p>\n\n\n\n \u201cThis trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,\u201d<\/em> adding that \u201cpolling toward the Republicans,<\/em>\u201d contributed to an \u201cimmediate boost in inflows and prices.\u201d<\/em><\/p>\n\n\n\n According to the CoinShares report, Republicans are widely seen to support digital assets. A recent report<\/a> by the New York Times has projected a Republican control of the US Senate in the November 5 elections.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>Spot Bitcoin ETFs Show Resilience As Market Faces Continued Volatility<\/a><\/p>\n\n\n\n Inflows into Bitcoin totaled $419 million, the highest, with only $6.3 million for short-Bitcoin investment products. Blockchain equity exchange-traded funds (ETF) saw $34 million in weekly inflows, the largest in 2024.<\/p>\n\n\n\n The inflows coincided with a rise in the price of Bitcoin, which hit $66,000 on October 14, the date of the CoinShares report. The price of Bitcoin last tested this level in late September, rekindling bullish interest<\/a> should the level be broken.<\/p>\n","post_title":"CoinShares Report Links Bitcoin And Crypto Asset Inflows To US Political Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinshares-report-links-bitcoin-and-crypto-asset-inflows-to-us-political-shifts","to_ping":"","pinged":"","post_modified":"2024-10-20 03:28:17","post_modified_gmt":"2024-10-19 16:28:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19200","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Total Bitcoin Inflows<\/h2>\n\n\n\n
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