Digital Asset fund flows saw a significant movement in August 2024. The daily flow for
Bitcoin ETF reached $4 million while private transactions took over
Ethereum order flow, as reports showed. As for the
Flow coin, the price analysis for 2024 predicted an upward trend. Even as the
crypto market saw
Bitcoin whales purchasing while stablecoin flowed into exchanges, there was anxiety among
Bitcoin and
Alt Coin hodlers due to the 140,000 BTC from the
Mt. Gox settlement flowing back into the market. The
SEC had also conducted a quiet investigation on altcoin FLOW's founder, Dapper Labs. Comparisons were made between the cash-flow narrative of
Real Estate and
Bitcoin while an influx of
Crypto Funds into the market was noted due to the buzz about a rate cut. The
Coinbase attracted attention for having a huge cash flow, implying a significant upside in
COIN stock.
Flow soared about 17% after key network updates and an OKX Australia listing. An unusual trading activity was observed in
Coinbase (COIN) as most Bitcoin traders are anticipating new highs. The recent entry of
Galaxy,
DWS, and
Flow Traders into the plan to launch an
Euro Stablecoin also made the news.
On a different note,
ETF flows were shown to possibly affect BTC price, driving it into a 'parabolic run', as per traders. Meanwhile,
Bitcoin ETFs continued to make headlines with positive flows recorded for a fifth consecutive day.
Bitcoin had a momentary drop below $60K, with analysts expressing that zero spot Bitcoin ETF inflows were 'very normal'. Massive transfers of 88,000,000
XRP in and out of
Binance and
Coinbase were also observed. At the same time,
Flow is set to undergo a testnet network upgrade in June.
FLOW Coin News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Thu, 22 Aug 2024 22:15:46 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 5
