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BTC Stable Above $64K While ETF Outflows Hit $200 Million

The Thursday total ETF flow was negative, with GBTC leading the pack

Allnodes, Figment and Galaxy Digital are among the finality providers.

The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish.

Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he's "cautiously long" amid the turmoil.

However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.

BTC broke $64,000 in late U.S. hours Tuesday as traders pushed the chances of a second consecutive 50 basis point rate Fed rate cut to 61%. PLUS: Floki fundamentals fuel a price surge.

The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.

BTC added 5% in the past 24 hours, CoinGecko data shows, breaking out of a key $70,000 resistance with $48 billion in trading volumes, or nearly double the volumes from Monday.