Bitcoin News
By Evie Vavasseur
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ETF Outflows and Derivatives Surge. But spot Bitcoin ETFs told a different story. Net outflows hit roughly $330.
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Bitcoin's Golden Cross and Key Levels. On the technical side, Bitcoin formed a golden cross — the 50-day exponential moving average…
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Bitcoin pushed close to $79,000 Tuesday, bouncing back after an initial stumble tied to fresh U.S. inflation data.
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The Consumer Price Index came in at 3.4% year-over-year and 0.4% month-over-month — right in line with what analysts had penciled in.
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Bitcoin didn't love the CPI print at first.
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It dipped, then clawed back. That kind of whipsaw is pretty much standard now whenever macro data drops. The broader crypto market came along for the ride — Ethereum jumped 7.
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But spot Bitcoin ETFs told a different story. Net outflows hit roughly $330.5 million — not exactly a ringing endorsement from institutional money.
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The gap between ETF outflows and derivatives activity is worth sitting with for a second. Retail and active traders are clearly engaged — futures volume and open interest don't…
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On the technical side, Bitcoin formed a golden cross — the 50-day exponential moving average crossed above the 200-day EMA. That's a classic bullish signal, and traders noticed.
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See also: Bitcoin Plummets Below $77,000 as Treasury Yields Surge to 5.353%
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Worth noting: the gap between the two moving averages isn't huge. That's kept some traders from going all-in on the golden cross narrative.
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And there's the Fed decision itself — scheduled for 2 p.m. ET on Wednesday. That's the event that'll probably matter more than any chart pattern in the short run.
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Zcash's 23.09% weekly gain stands out in a market where most assets were moving in the 4–7% range.
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The Fed speaks Wednesday at 2 p.m. ET. Bitcoin's support sits at $73,986.
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Related: Trumps $5,000 Dividend Proposal Fails to Move Bitcoin from $77,700 Range
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