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BTC traded just above $70,000 as Middle East tensions drove oil higher and traders reassessed inflation in advance of the U.S. jobs report due later Friday.
US spot Bitcoin ETFs saw $228 million in outflows Thursday, ending a three-day inflow streak, while Solana ETFs posted their first losses since February.
Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy.
Investors are turning more defensive as geopolitical tensions rise and key U.S. labor market data approaches.
New York users gain access to Strike’s Bitcoin brokerage, recurring buys and paycheck-to-Bitcoin services after the NYDFS licensing approvals.
A federal judge froze 70.6 Bitcoin tied to BlockFills after Dominion Capital alleged customer fund misuse and sought the return of disputed assets.
Vancouver city staff say Bitcoin is not permitted under the Vancouver Charter and recommend dropping Mayor Ken Sim’s 2024 reserve proposal ahead of a Tuesday council vote.
Officials say the Vancouver Charter limits city reserves to government debt, bank instruments and other traditional assets.
Vancouver city staff concluded that bitcoin is not an allowable asset for municipal investment under local law.
“Even after the recent price rally, fundamental and technical indicators still point to a bear market environment,” said CryptoQuant.
Risk assets recover from oil-driven selloff as rising yields pressure Fed rate-cut bets.
Macroeconomist Lyn Alden says gold has a “somewhat euphoric” sentiment around it, while Bitcoin is being treated “somewhat unfairly negative.”
