Spot Bitcoin ETFs recorded their sixth consecutive week of net inflows for the first time in nine months. The funds saw a total of $631 million in net inflows last week.
Following Strategy founder Michael Saylor’s comments that opened the door to a potential Bitcoin sale, the company’s CEO Phong Le also addressed the topic. Le stated that any potential sale would only be considered if it created a more favorable outcome for shareholders and would not have a significant impact on the market.
Goldman Sachs and BofA revised their expectations regarding potential Federal Reserve rate cuts. BofA stated that it now expects the Fed’s first rate cut to come in July next year.
Bitcoin is trading at $80,736, while Ethereum is trading at $2,332.
The Fear & Greed Index stands at 50, indicating a neutral market sentiment.
