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Crypto

Five factors for bitcoin this week, from Fed minutes to Bank of Japan and whale inflows

Bitcoin has recovered to the $64,000 range, but it ended the week trading below the 200-week simple moving average, keeping concerns about the long-term trend alive. Markets are watching whether the break is temporary or a signal of further declines. This week’s drivers include U.S. PMI data and the Federal Reserve’s July meeting minutes, Japan’s rate outlook and rising bond yields, weak spot bitcoin ETF flows, and a rise in whale deposits on exchanges.

Crypto

Bitcoin, Ethereum ETF inflows return but Wintermute says bullish turn not yet

Inflows into U.S. spot bitcoin and ethereum ETFs have picked up again, but market maker Wintermute said it is too early to conclude the market has shifted into a full-fledged bull phase. It said sensitivity to economic data and policy variables remains high and that bitcoin has lagged equities despite broader risk-asset strength, suggesting selling may be offsetting ETF demand. Wintermute flagged upcoming U.S. inflation and spending data and key September policy and legislative dates as major catalysts.

Crypto

XRP slips below $1 for first time since November 2024 despite Ripple positives

XRP fell below $1 for the first time since November 2024, dropping as low as $0.99 on Binance, after reports that 200,000 XRP left a Coreum cross-chain bridge. Derivatives activity rose as investors adjusted positions ahead of the U.S. CPI release on Aug. 12. XRP is down about 46 percent this year and has lagged bitcoin. Ripple’s expansion, including MiCA approval in Europe, has not lifted the token’s price.