Bitcoin ETFs draw cash again as token remains 50% below record - The Edge Singapore
Source: The Edge Singapore
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DW NOTE
Bitcoin falls 47.5% from its twelve-month peak while ETFs register inflows — a pattern familiar from prior cycles. Investors buy the fund while the underlying asset slides, mistaking structural access for structural demand. The inflows reflect distribution, not accumulation.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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