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Major Crypto Price Prediction ChallengeDiscuss Hot Assets , Enter the Lucky DrawHTX Refer And Earn Here's Why Bitcoin Dipped Below $64K Today Bitcoin's mid-week price rally that drove it to a monthly 

Discuss Hot Assets , Enter the Lucky Draw

Here's Why Bitcoin Dipped Below $64K Today

Bitcoin's mid-week price rally that drove it to a monthly peak of $67,000 came to a halt, and the asset dipped below $64,000 earlier today, erasing essentially all the gains it had recorded.

Here are the two possible reasons behind this nosedive.

ETF Investor Exodus

At first, we begin with the spot exchange-traded funds tracking the largest cryptocurrency. They were on a seven-day roll that began last Tuesday and had attracted roughly $1 billion within that timeframe for the first time since April. However, investors changed their minds once again on Thursday, pulling out over $200 million worth of $BTC. This coincided with the asset's initial retracement that drove it toward $65,000.

More recent on-chain data from today, though, claimed that BlackRock has continued to dispose of $BTC for its clients, sending approximately $203 million to Coinbase Prime, which it always uses when it liquidates some of its ETF positions.

Of course, the actual damage for the entire day will be announced tomorrow when data providers such as SoSoValue update their numbers. For now, though, the uncertainty remains relatively high given the latest trend shift.

BlackRock moved 3.126K $BTC (~$203M) from its IBIT Bitcoin ETF wallet to Coinbase Prime

Here's Why Bitcoin Dipped Below $64K Today Bitcoi

Major Crypto Price Prediction Challenge

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Major Crypto Price Prediction ChallengeDiscuss Hot Assets , Enter the Lucky DrawHTX Refer And Earn Candy Digital Enables Secondary Trading on Solana via Magic Eden Candy Digital has announced the laun

Candy Digital Enables Secondary Trading on Solana via Magic Eden

Candy Digital has announced the launch of secondary trading for its digital collectibles on the Solana blockchain via Magic Eden, moving from platform-controlled ownership to on-chain ownership. This significant shift allows users greater control and transparency over their digital assets. Details of the announcement can be found in the tweet from SolanaFloor.

The Key Development

The broader crypto market is currently exhibiting mixed signals, with various assets showing differing momentum. Candy Digital's shift to on-chain trading is a notable development within the Solana ecosystem, reflecting increased activity and interest in digital collectibles. This transition signifies a movement towards decentralization and user empowerment in digital asset ownership. The partnership with Magic Eden underscores the growing integration of platforms that support the burgeoning $NFT market on Solana. Quick Take

Candy Digital, launched secondary trading, effective immediately

What the Data Shows

Despite the lack of specific trading volume numbers, the significance of this event cannot be understated. The move to on-chain ownership is expected to resonate well with collectors and traders, particularly given Solana's recent performance with over $26 million in bridged assets and $18 million in dApp revenue qenerated last week. This

Candy Digital Enables Secondary Trading on Solana

The $BTC Spot ETF outflow streak has recently ended and we've seen almost $1B in net inflows again since the recent lows. A lot of coins were absorbed and traded around the $60K region so any inflows 

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