Bitcoin is trading flat near $89,000 amid subdued demand and institutional caution

Bitcoin remained within the range on January 23, hovering around the $89,000 level, as low liquidity and muted investor participation continued to weigh on price action. The world’s largest cryptocurrency showed little directional momentum, signaling a consolidation rather than a shift in market sentiment. According to Vikram Subburaj, CEO of Giottus, flows remain the biggest […]

Bitcoin ETFs See $471 Million Inflows as Total Assets Rise to $116.95 Billion

TLDR Total net assets in publicly traded Bitcoin ETFs amounted to $116.95 billion, accounting for 6.53% of Bitcoin’s market capitalization. Daily net inflows reached $471.14 million, bringing the cumulative net inflows of all ETFs to $57.08 billion. BlackRock’s IBIT led with inflows of $287.37 million and reached $69.51 billion in assets, with 65.97 million shares […]