Bitcoin ETF Hype Far From Over: Top Expert Ends Speculations

Recent days have witnessed a shift in sentiment toward the Bitcoin ETF sector, with data revealing a temporary downturn in flows. According to recent data from a notable analytics firm, Bitcoin spot ETFs experienced a net outflow of $165 million yesterday. Notably, Grayscale ETF GBTC reported a net outflow of $133 million, while BlackRock (NYSE:BLK) ETF IBIT saw a net inflow of approximately $18.09 million.

Despite this apparent cooling off, Eric Balchunas, a senior ETF expert at Bloomberg, has offered insights that challenge any premature conclusions about the demise of the Bitcoin ETF fervor. Balchunas suggests that such fluctuations are part of a natural ebb and flow within the ETF market, particularly following a period of rapid growth.

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Oil holds near 3-week low as US sanctions interrupt easing tensions

Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the Middle East.

Brent futures fell 18 cents, or 0.2%, to settle at $87.11 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to settle at $82.73.

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Gold prices rise, record highs in sight amid Iran-Israel fears

Gold prices rose in Asian trade on Monday and were in sight of record highs as demand for safe havens was boosted by Iran’s attack on Israel, although strength in the dollar limited major gains in the yellow metal.

Markets were also waiting to see just how Israel would respond to Iran’s strike, given that the attack caused limited damage, and that Tehran also said the move concluded its offensive against Israel. This helped limit some safe haven demand.

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Dollar jumps, yen weakest since 1990 after strong U.S. retail sales

The dollar reached its highest since early November against a basket of currencies on Monday and sent the yen to its lowest level since 1990, after U.S. retail sales increased more than expected in March.

Retail sales rose 0.7% last month and data for February was revised higher to show sales rebounding 0.9% instead 0.6% as previously reported. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, rising 0.3% in March.

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Dollar: Higher oil prices support the U.S. dollar, says BofA

Higher oil prices support the dollar, and the recent rise in commodity barrel prices brings greater risks for those who foresee a lower American currency globally by year-end. That's according to the Bank of America (BofA), in a note sent to clients and the market on Wednesday.

"We argue policy responses to inflation have likely amplified the USD-positive impact of recent supply-driven oil shocks," the bank highlights in the document.

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Oil prices settle lower on jitters about growing crude supplies

Oil prices settled lower Thursday as jitters about growing non-OPEC output, led by the U.S., following a jump in crude stockpiles to the highest level since July, overshadowed concerns that an attack on Israel by Iran is imminent. 

At 14:30 EST (18:30 GMT),  West Texas Intermediate crude futures fell 1.4% to settle at $85.02 a barrel, while brent oil futures expiring in June fell 0.8% to $89.74 a barrel.

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Bitcoin Halving 2024: Will Crypto Miners See Lower Profits?

The upcoming Bitcoin halving, which will occur on or around April 16, has, as expected, sparked widespread discussion within the cryptocurrency community regarding where the Bitcoin price could head in the aftermath.

As the event draws near, crypto investors and analysts are also assessing the potential impact on the profitability of Bitcoin mining.

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Oil prices settle lower despite simmering Middle East tensions

Oil prices settled lower Tuesday, as traders weighed Middle East tensions amid little sign of progress on talks for a ceasefire in Gaza and fresh signs that Israel hasn't given up on plans to launch an offensive in Rafa.           

At 14:30 ET (18:30 GMT), West Texas Intermediate crude futures settled 1.4% lower at $85.23 a barrel, while Brent oil futures expiring in June fell 1.1% to $89.40 a barrel.

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Gold prices rise, keep record highs in sight ahead of inflation, Fed cues

Gold prices rose slightly in Asian trade on Tuesday, remaining in sight of record highs as safe haven demand for the yellow metal remained upbeat in anticipation of more cues on U.S. inflation and interest rates.

The yellow metal surged to record highs above $2,350 an ounce on Monday, but came down slightly from those levels as the dollar and Treasury yields remained strong. Safe haven demand for gold also remained strong amid worsening geopolitical conditions in the Middle East and Russia.

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US dollar flat as investors await inflation data; focus on yen action

The dollar was little changed on Tuesday, with investors cautious ahead of U.S. inflation data to be released on Wednesday, even as the yen hovered near multi-decade lows, keeping traders on alert for any possible action from Japan to prop up its currency.

Economists expect the headline U.S. consumer price index (CPI) to have gained 0.3% on a monthly basis, compared with a 0.4% rise in February, according to a Reuters poll. Core CPI is also expected to climb 0.3% for the month of March.

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