Bitcoin Price Prediction: BTC ETFs Inflows Surge, Gold Slides — Yet ‘Trump Insider’ Whale Still Bets On A Fall
The Bitcoin price edged up a fraction of a percent in the past 24 hours to trade at $107,717 as of 3:58 a.m. EST on trading volume that skyrocketed 82% to $107 billion. This comes as spot BTC ETF (exchange-traded funds) inflows offered a glimmer of hope from the crypto’s recent downtrend with $477 million in net inflows on Oct. 21, ending a four-day streak of outflows, according to CoinGlass. BlackRock’s IBIT led with $210 million, followed by Ark Invest’s ARKB with $162 million. Fidelity’s FBTC and Bitwise’s BITB added $34.15 million and $20.08 million, respectively. Despite this uptick, traders remain wary ahead of the US CPI report on Friday and the Federal Reserve’s Oct. 28-29 FOMC meeting. As the Bitcoin price edged up, the gold price tumbled more than 6% to $4,102, putting it on track for its most significant single-day decline in more than five years as traders took profits after the metal’s all-time high of $4,381.21 on Monday. BRE...