Bitcoin may punish bulls if China raises the stakes in the ongoing trade war with the US, warns QCP Capital, as markets await a response to tariff hikes. Bitcoin BTC $82,080 risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns. In its latest bulletin to…
Tag: Crypto
Bitcoin ETFs See $772 Million Outflows Due to Tariffs
Rising outflows from the spot Bitcoin ETFs reflect investors’ worry that higher inflation could follow the recently implemented US tariffs on multiple countries. Bitcoin BTC $82,013 spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595…
Crypto phishing scams drained $46M in September
Over $127 million was stolen in Q3 2024 due to phishing attacks, with September alone seeing losses of $46 million. Over $127 million worth of cryptocurrencies were stolen from investors in the third quarter of 2024, with approximately $46 million lost in September. According to Web3 security firm Scam Sniffer, around 10,800 victims were impacted…
Crypto ownership isn’t rising with recent market growth, Fed survey claims
Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute. According to United States Federal Reserve research, the rate of cryptocurrency ownership isn’t growing in tandem with the crypto market’s recent resurgence. “Recent growth in the [crypto] market has not been accompanied…