With BTC trading sideways seeking support around the $58k mark, investors await crucial data this week to decide a direction to trade Bitcoin. US CPI data, which is expected tomorrow will likely have a large impact on the short-term price volatility in Bitcoin.<\/p>\n\n\n\n
While Bitcoin and Ethereum ETFs had net outflows on Friday, Monday saw a net positive inflow in both BTC and ETH ETFs, with Bitcoin products witnessing a $14 million inflow, while Ethereum saw an inflow of $5 million.<\/p>\n\n\n\n
On the other hand, Optimism, one of Ethereum\u2019s largest layer 2s, announced plans to build a network of affiliated blockchains including Coinbase\u2019s Base, and create a \u201csuperchain\u201d similar to Polygon\u2019s \u201cAggLayer\u201d. OP price did not move much by the news, and is up by 2.4% in the last 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"
With BTC trading sideways seeking support around the $58k mark, investors await crucial data this week to decide a direction to trade Bitcoin. US CPI data, which is expected tomorrow will likely have a large impact on the short-term price volatility in Bitcoin. While Bitcoin and Ethereum ETFs had net outflows on Friday, Monday saw […]<\/p>\n","protected":false},"author":93,"featured_media":40410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41469"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41469\/revisions"}],"predecessor-version":[{"id":41473,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41469\/revisions\/41473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40410"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}