LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Bitcoin trades sideways as ETF outflows and US inflation data weigh – London Business News | London Wallet

Philip Roth by Philip Roth
February 14, 2025
in UK
Bitcoin trades sideways as ETF outflows and US inflation data weigh – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Dollar steadies as Trump walks back tariff threat on China – London Business News | London Wallet

The best destinations and activities to book on (and off) piste this winter

Rachel Reeves must avoid ‘half-baked’ tax rises to fix the economy, warns IFS

Bitcoin continued to trade sideways and retraced on Thursday following significant outflows from Bitcoin and Ether ETFs.

Bitcoin ETFs saw USD 251.03 million in outflows. Ether ETFs experienced USD 40.95 million in outflows.

These outflows coincided with stronger-than-expected U.S. inflation data for January, weighing on digital asset prices and leading traders to expect a slower pace of Fed rate cuts.

This market reaction has resulted in a short-term bearish outlook, with Bitcoin and the broader crypto market facing heightened caution.

However, proposed state-level strategic Bitcoin reserve bills in 20 U.S. states could drive up to USD 23 billion in Bitcoin purchases, equating to 247,000 BTC. These bills, which would surpass the U.S. government’s current Bitcoin holdings of 198,100 BTC, could provide significant buying pressure and support for Bitcoin’s price.

Meanwhile, Metaplanet, Asia’s second-largest corporate holder of Bitcoin, will be added to the MSCI Japan Index on February 28, increasing visibility among institutional investors. This milestone could potentially contribute to driving toward Bitcoin.



Source link

Share30Tweet19
Previous Post

Budget fallout is dragging the private sector into recession – London Business News | London Wallet

Next Post

Is US inflation reshaping the markets? – London Business News | London Wallet

Philip Roth

Philip Roth

Recommended For You

Dollar steadies as Trump walks back tariff threat on China – London Business News | London Wallet
UK

Dollar steadies as Trump walks back tariff threat on China – London Business News | London Wallet

October 13, 2025
The best destinations and activities to book on (and off) piste this winter
UK

The best destinations and activities to book on (and off) piste this winter

October 13, 2025
Rachel Reeves must avoid ‘half-baked’ tax rises to fix the economy, warns IFS
UK

Rachel Reeves must avoid ‘half-baked’ tax rises to fix the economy, warns IFS

October 13, 2025
London borough named as graffiti capital of Britain
UK

London borough named as graffiti capital of Britain

October 13, 2025
Next Post
Is US inflation reshaping the markets? – London Business News | London Wallet

Is US inflation reshaping the markets? - London Business News | London Wallet

Related News

Franklin Templeton considers new altcoin-focused crypto fund

Franklin Templeton considers new altcoin-focused crypto fund

June 6, 2024
Dr warns around 500 people are needlessly dying each week as emergency care delays are ‘unsafe and undignified’ – London Business News | London Wallet

Dr warns around 500 people are needlessly dying each week as emergency care delays are ‘unsafe and undignified’ – London Business News | London Wallet

January 1, 2023
Sticky inflation leaves the Bank of England in a bind – London Business News | London Wallet

Sticky inflation leaves the Bank of England in a bind – London Business News | London Wallet

July 16, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?