{"id":6007,"date":"2025-01-03T18:47:30","date_gmt":"2025-01-03T18:47:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6007"},"modified":"2025-01-03T18:47:30","modified_gmt":"2025-01-03T18:47:30","slug":"bitcoin-defies-thursdays-record-etf-outflows-surges-above-98000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6007","title":{"rendered":"Bitcoin Defies Thursday&#8217;s Record ETF Outflows, Surges Above $98,000"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) is up 2% on Friday, rallying after record net outflows from <a href=\"https:\/\/www.benzinga.com\/money\/best-spot-bitcoin-etfs\">U.S. spot ETFs<\/a> the day prior.<\/p>\n<p><strong>What Happened<\/strong>: The world\u2019s largest cryptocurrency has reclaimed the $98,000 level. At last check Friday, it\u2019s trading around $98,273.<\/p>\n<p>The surge coincides with rising stock markets, boosted by the ISM manufacturing PMI <a href=\"https:\/\/www.benzinga.com\/25\/01\/42787627\/dow-jumps-over-100-points-ism-manufacturing-pmi-increases-in-december\">beating its December expectations<\/a>.<\/p>\n<p>Bitcoin bounced back after <strong>BlackRock<\/strong>\u2018s <strong>iShares Bitcoin Trust<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) experienced a record-high outflow on Thursday. According to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">data<\/a> from SoSoValue, IBIT saw $333 million worth of outflows on Jan. 2, marking the highest single-day outflow for the Bitcoin ETF since its inception.<\/p>\n<p><strong>Alex Obchakevich<\/strong>, founder of Obchakevich Research, attributed this significant outflow to profit-taking by investors at the start &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/01\/42793495\/bitcoin-surges-above-98000-defying-thursdays-record-etf-outflows\" alt=\"Bitcoin\" defies thursday record etf outflows surges above>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) is up 2% on Friday, rallying after record net outflows from U.S. spot ETFs the day prior. What Happened: The world\u2019s largest cryptocurrency has reclaimed the $98,000 level. At last check Friday, it\u2019s trading around $98,273. The surge coincides with rising stock markets, boosted by the ISM manufacturing PMI beating its December [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6007","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6007"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6007\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}