![Best Times to Post on YouTube in 2025 [Research]](https://www.hubspot.com/hubfs/best-time-to-post-youtube.jpg)
![12 Web Design Best Practices & Guidelines for Usability in 2025 [+ Expert Tips]](https://www.hubspot.com/hubfs/website-design-1-20241121-4075840.webp)
Concerns remain over buying Bitcoin amid fear of inflation elevation
The post Concerns remain over buying Bitcoin amid fear of inflation elevation appeared on BitcoinEthereumNews.com. The demand for Bitcoin via Spot ETF is fluctuating. This stems from the fear of inflation elevation despite the number indicating a soft decline in May 2024. The inflation figure for the US in May stands at 3.3%. Economic projections estimate that the number may go further down but the pace will be slower than expected. Such projections have affected the demand for BTC. Spot Bitcoin ETF last saw a total net outflow of $226.21 million and a net asset ratio of 4.45%. FBTC by Fidelity saw an outflow of $106.4 million on June 13, 2024 (Thursday) and Grayscale’s GBTC saw a net outflow worth $61.5 million. A trend like this is putting a dent in the token value. BTC has dropped to $66,972.67 at the time of writing this article. That reflects a dip of 0.805 in the last 24 hours and 5.895 in the last 7 days. Not just the market cap but the 24-hour trading volume has also fallen by 25.64%. What comes as a noteworthy trend is its future near-term predictions. They are still rock solid, speculating a surge to a value that is as high as $87,293. That could happen in the next 30 days – marking an uptick of 30.07% from the current value. The next 5 days could see the value breach the mark of $76,000. Technical indicators demonstrate a prevailing bearish sentiment. The volatility is around 2.33% and the Fear & Greed Index has come to 74 points. Bitcoin has traded positively for 50% of the time in the last 30 days. That is 15 days of profits which is pretty decent in the ongoing times. The market continues to explore diversification to altcoins and there is some attention to Spot Ether ETF as well. The limelight on Bitcoin, even though less…
The post Concerns remain over buying Bitcoin amid fear of inflation elevation appeared on BitcoinEthereumNews.com.
The demand for Bitcoin via Spot ETF is fluctuating. This stems from the fear of inflation elevation despite the number indicating a soft decline in May 2024. The inflation figure for the US in May stands at 3.3%. Economic projections estimate that the number may go further down but the pace will be slower than expected. Such projections have affected the demand for BTC. Spot Bitcoin ETF last saw a total net outflow of $226.21 million and a net asset ratio of 4.45%. FBTC by Fidelity saw an outflow of $106.4 million on June 13, 2024 (Thursday) and Grayscale’s GBTC saw a net outflow worth $61.5 million. A trend like this is putting a dent in the token value. BTC has dropped to $66,972.67 at the time of writing this article. That reflects a dip of 0.805 in the last 24 hours and 5.895 in the last 7 days. Not just the market cap but the 24-hour trading volume has also fallen by 25.64%. What comes as a noteworthy trend is its future near-term predictions. They are still rock solid, speculating a surge to a value that is as high as $87,293. That could happen in the next 30 days – marking an uptick of 30.07% from the current value. The next 5 days could see the value breach the mark of $76,000. Technical indicators demonstrate a prevailing bearish sentiment. The volatility is around 2.33% and the Fear & Greed Index has come to 74 points. Bitcoin has traded positively for 50% of the time in the last 30 days. That is 15 days of profits which is pretty decent in the ongoing times. The market continues to explore diversification to altcoins and there is some attention to Spot Ether ETF as well. The limelight on Bitcoin, even though less…
What's Your Reaction?
