Global X Blockchain & Bitcoin Strategy ETF

BITS

Market cap $24.2M

Kevin Green kicks off Thursday's market coverage with his eyes on the weakness in tech and comm. services on the heels of Alphabet (GOOGL) earnings.

Bitcoin briefly fell below $70,000 on Thursday. The move, which happened around 6:27 a.m.

US spot Bitcoin exchange-traded funds recorded another day of heavy withdrawals on Wednesday, as falling cryptocurrency prices and broader risk-off sentiment continued to weigh on investor confidence. According to data from SoSoValue, investors pulled $544.94 million from US spot Bitcoin ETFs during the session, marking the second consecutive day of net outflows.

Assets under management in US spot Bitcoin exchange-traded funds slipped below $100 billion on Tuesday, following renewed investor withdrawals and a sharp downturn across the broader cryptocurrency market.

Michael Novogratz, founder and CEO of Galaxy Digital discusses crypto legislation, prediction markets, and sports betting. He speaks with Scarlet Fu and Tim Stenovec on "Bloomberg Crypto.

US spot Bitcoin exchange-traded funds recorded $561.9 million in net inflows on Monday, snapping a four-day run of outflows and marking their strongest single-day intake since mid-January. The reversal in flows came despite continued volatility in Bitcoin prices, underscoring a growing divergence between short-term price action and institutional allocation behaviour.

Bitcoin investors liquidated $2.56 billion in recent days, according to data provider CoinGlass, as cryptocurrencies slumped following a sell-off in other risk assets, including equities and precious metals.

Bitcoin hit its lowest level since the “liberation day” selloff last April.

Tom Lee, Fundstrat Global Advisors head of research and Fundstrat Capital CIO, joins 'Squawk Box' to discuss the latest market trends, state of crypto, bitcoin price outlook, and more.

Traders are "setting up for another massive week," says Kevin Hincks. He takes a look at the premarket moves into the start of a new trading week packed with Big Tech earnings.