Crypto News

Bitcoin ETFs experienced a net weekly outflow of $799 million, marking the fourth consecutive week of outflows. Ether ETFs also faced challenges, recording a net outflow of $120 million. Crypto ETFs Continue to Experience Significant Outflows In the week spanning Mar. 3 to Mar. 7, bitcoin and ether ETFs experienced significant net outflows, reflecting aSource link

The move follows Strategy co-founder and Executive Chairman Michael Saylor’s visit to the White House last week.Source link

The bitcoin (BTC) perpetual futures funding rate is fluctuating between positive and negative, reflecting market uncertainty. As bitcoin declines and hovers around $80,000, traders are seeking direction, especially after bitcoin lost its 200-day moving average.The funding rate, set by exchanges for perpetual futures contracts, determines periodic payments between long and short positions. A positive rate means long positions pay shorts, while a negative rate means shorts pay longs.Over the past two weeks, the funding rate has oscillated between positive and negative, indicating indecision. In bull markets, the rate typically remains positive. Recently, the daily funding rate hit a negative -0.006%, equivalent to an annualized rate of -2%, according to Glassnode data. Historically, bitcoin bottoms have coincided with sustained negative funding...

Major crypto companies like Coinbase, Strategy, and Bitcoin miner MARA are also feeling the pain as stock market indices show red Monday.Source link

The price of bitcoin continues to tank, declining to a low of $79,170 per unit on Monday, March 10, 2025. The leading crypto asset is mirroring U.S. equities as recession anxieties ignite a widespread sell-off. Economic Jitters Drive Bitcoin Lower Bitcoin (BTC) has lost an additional 5.2% against the U.S. dollar on Monday following aSource link