Bitcoin ETF News: Nearly $1Bn in Outflows Over Past 24-Hours

A Goldman Sachs executive is warning that high levels of leverage in the market could spark volatility in the artificial intelligence and semiconductor sectors. Shawn Tuteja, a managing director who oversees ETF and custom baskets volatility trading, says in a new interview that the market is underappreciating the potential for two-way volatility. “What worries me […] The post Goldman Sachs Exec Says High Leverage Could Spark Volatility in AI and Semiconductor Sectors: ‘3% Can Turn Into 10% Very Quickly’ appeared first on The Daily Hodl.

Swan Bitcoin faces $970M Prime Trust lawsuit over 11,994 BTC, cash, stablecoins and XRP allegedly moved before bankruptcy in 2023 in courts.

Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength ha

Will the token finally break out of its prolonged consolidation phase?

XRP price extended losses and traded below $1.420. The price is now consolidating losses and faces hurdles near $1.40 and $1.4350. XRP price started another decline and traded below the $1.420 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.420. XRP Price Extends Losses XRP price failed to stay above $1.4350 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.4250 and $1.420 to enter a short-term bearish zone. The price even extended losses below $1.40. A low was formed at $1.3630, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.5496 swing high to the $1.3630 low. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. If there is a fresh rec

XRP is experiencing increased price pressure, mirroring the broader crypto market’s drop, with the token falling 6% over the past week. This pullback has forced XRP to lose the $1.40 support level for now.  Despite this recent weakness, market analyst Ali Martinez posted on X (formerly Twitter) that a technical setup is forming on XRP’s […]

Goldman simultaneously increased exposure to crypto infrastructure firms like Circle, Coinbase, and Galaxy Digital.

AI trade concentration risks highlight the need for diversified strategies to mitigate potential market volatility and protect investments. The post Goldman Sachs outlines hedging strategies amid AI trade momentum appeared first on Crypto Briefing.