🤑 ETF Inflows Rise, But Bitcoin Price Falls
Despite yesterday 's $319.5 million inflow into the Bitcoin ETF , the price of BTC has fallen in the last 24 hours to -1.5%. ETH also saw a local pullback of -5%, which was reflected in the overall market movement. This is likely due to the anticipation of the PPI report data, despite the CPI drop on Tuesday.
🔼 Long-term Bitcoin holders have added 630,000 BTC since March, increasing from 13.66 million to 14.29 million BTC. They have also seen 100,000 BTC withdrawn from exchanges in the last three weeks.
📈 The yield on 30-year Treasury bonds jumped to 4.94%, approaching its highest level in 18 years. A bad sign for risk assets.
🏦 JPMorgan conducts its first transaction on a public blockchain using Chainlink and Ondo to move tokenized treasuries outside its private network.
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