Category Markets

Bitcoin’s (BTC) Santa Rally Has Failed to Materialize

As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end “Santa rally.” The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it’s on course to slide 11%. And,…

U.S. Spot Bitcoin ETFs Bleed Record $671.9M as Price Slides

The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) registered record outflows Thursday and the CME futures premium dropped into single digits in a sign of weakening short-term demand. Investors ended a 15-day streak of inflows by withdrawing a net $671.9…