Bitcoin
Why Bitcoin is up 1.1% in the last hour
Analysis
Bitcoin rose about 1.1% over the past hour amid fresh ETF-related headlines, after Cointelegraph reported Trump Media filed for two new crypto ETFs tied to Bitcoin, Ether, and Cronos—news that can boost near-term sentiment around regulated access to BTC. The move also aligns with Cointelegraph’s macro note that fading inflation is testing holders’ conviction, which can support risk appetite and incremental buying when inflation data eases.
Contributing Factors (3)
Trump Media files for two new crypto ETFs tied to Bitcoin, Ether, Cronos
US spot Bitcoin ETFs recorded four straight weeks of net outflows, with about $360 million withdrawn in the latest week.
Bitcoin holders are being tested as inflation fades: Pompliano
Bitcoin will become “more valuable than ever” after deflation stops covering “up the impact" on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano.
Shiba Inu Open Interest Surges Against Bitcoin and XRP
Shiba Inu moves against broad futures market trend that saw Bitcoin, XRP and other leading cryptocurrencies record notable declines in open interest.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.