Bitcoin - Review from 27.09.2024

Financial and commodity markets analytics


Spot Bitcoin ETFs in the U.S.

recorded the largest inflow of funds in the last two months. The total funds poured in 11 funds amounted to $365.7 million. September 26 marked the sixth consecutive day with a positive inflow into institutional investment products.

Interest in investing in the asset

is occurring against the backdrop of quotations overcoming the $65,000 mark. As we have written earlier, in the event of an upward movement, the target could be in the range of $68,500 to $70,000. When planning transactions, it is necessary to take into account the end of the week for most centralized markets and also the planned release today of the personal consumption expenditure index in the United States. This indicator is in focus of the Federal Reserve System's attention, and the moment of news release could be associated with an increase in volatility.