.6% i<\/strong>ncrease.<\/p>\nDespite geopolitical tensions in the Middle East impacting Bitcoin’s performance and the market in general, trading firm QCP maintains an optimistic<\/strong> outlook, anticipating that the October rally, known as “Uptober,” will continue<\/strong>.<\/p>\n![\"Volumen](\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/08\/bitcoin-etfs.jpg\")
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On the other hand, the landscape for exchange-traded funds (ETFs) was not as favorable<\/strong>. Bitcoin ETFs reported net outflows totaling $54 million<\/strong>, with the Ark Bitcoin ETF<\/strong> highlighting $58 million<\/strong> in withdrawals. The situation for Ethereum ETFs<\/strong> was not better, reporting $3.2 million in net outflows<\/strong>, although BlackRock’s iShares Ethereum Trust<\/strong> attracted $12.08 million<\/strong> in inflows<\/strong>, partially offsetting the losses.<\/p>\nRegarding Bitcoin investors’ positions, data from Glassnode indicates that many are moving their coins into long-term storage<\/strong>, signaling a growing level of confidence in the asset’s future. Additionally, the recent recovery of BTC, which reached $66,000<\/strong>, marked a new high<\/strong> since its historical peak in March, consolidating an accumulation trend<\/strong> among long-term holders. U.S. stock markets also reflected this positive trend, with increases in the Dow Jones, S&P 500, and Nasdaq indices<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"TL;DR The cryptocurrency market experiences a surge following the U.S. jobs report in September, with Bitcoin rising 2.75% to $62,119 and Ethereum up 3.6% to $2,425. The U.S. economy added 254,000 jobs, exceeding the expectation of 150,000, which could lead the Federal Reserve to adopt a more gradual approach to interest rate cuts. Daily liquidations … <\/p>\n
Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9156,84],"tags":[4586,4602,5536,4656,4679,4986],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172661"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172661"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172661\/revisions"}],"predecessor-version":[{"id":172663,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172661\/revisions\/172663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172662"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"bitcoin](\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/10\/bitcoin-cmc.jpg\")
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