Community Articles

via The Block · By The Block Editorial

JPMorgan says bitcoin and gold ETF outflows point to 'cooling' debasement trade amid hopes for Iran-US deal

BTC

BTC/USDT

$62,775.92

-2.47%

$62,775.92

-2.47%

(24s)

24h Volume

$19,144,721,632.90

24h H/L

$64,386.00 / $62,272.07

Change: $2,113.93 (3.39%)

Long/Short

66.3%

Long: 66.3%Short: 33.7%

Funding Rate

-0.0006%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,540.08

▼ -0.66%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,753.77

Resistance 1$62,954.21

Price$62,540.08

Support 1$61,848.32

Support 2$60,353.46

Support 3$52,679.32

Pivot (PP):$62,655.60

Trend:Downtrend

RSI (14):33.9

The Block Editorial

(02:14 PM UTC)

1 min read

Updated byDavid Kim

1436 views

0 comments

Investors have been pulling money out of both bitcoin and gold exchange-traded funds over the past two weeks as the so-called debasement trade cools, according to JPMorgan analysts.

Bitcoin ETFs have seen larger outflows compared to gold ETFs, and these outflows appear more consistent with a broad retreat by investors from the debasement trade, potentially in anticipation of an Iran-U.S. deal…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

The Block Editorial · The Block

Read original →

Live BTC price →More BTC news →

Comments