This week in Bitcoin: ETF streams will be red, sec hack plea and gamestop is considering buying

Bitcoin’s price promotion This week was usually flat: the largest virtual currency has not moved the last day and is currently priced at $ 97,575, Coingecko shows. It has only risen 1.5% in the week.

The oldest cryptocurrency has not touched the magical $ 100,000 since the beginning of February, while traders try to navigate in an increasingly complex new investment landscape – with an unpredictable new US president in the White House.

President Donald Trump has threatened, continued in recent weeks and paused the rates against large economies – all of whom have practically influenced the crypto prices.

And this week have data that shows that consumer prices rose more than expected last month in the US only further risk assets such as Crypto damage.

Yet the largest cryptocurrency has still risen considerably, because the new supreme commander was chosen and since the elections of 5 November was risen by more than 40% when it was traded for $ 69,335.

ETF flows

This week, investors achieved money from Bitcoin-listed funds every day, according to Farside investors, with $ 650.8 million from Monday to Thursday. Flows reversed on Friday positive with $ 70.6 million in investments, but not nearly enough to prevent the earlier losses.

The area comes after the funds had experienced an enormous question in January, but streams have been delayed since President Trump started talking rates. And there was a surprising turn last week when Ethereum ETF streams actually beat for Bitcoin funds.

Strategy back to buy

Strategy (formerly micro strategy) presses the buying button again after he had not bought a cryptocurrency at the end of January for a week for a week. The software company, which has turned hard to save Bitcoin, shared in its latest disclosure that it spent $ 742.4 million to BTC between 3 and 9 February.

Last week the company renamed a “natural evolution” to become more Bitcoin-oriented, and now has a total of 478,740 BTC, worth almost $ 47 billion.

Gamestop to Bitcoin?

And the shares of VideoGames Retailer Gamestop pumped on news on Thursday that the MEME sharing company thought to invest in Bitcoin.

A CNBC The report, stating unnamed sources close to the company, said that the company investigated “investments in alternative asset classes” – including the Oranje currency. Gamestop did not respond DecryptThe request for comments.

The video game store jumped back in the spotlight last year after Keith “Roaring Kitty” Gill, the trader who started the original 2021 shares in the 2021, placed a meme online for the first time in three years. He helped to pump the price of the shares over several performances of 2024, including his first live stream since the original run.

Gamestop (NYSE: GME) finished the week priced at $ 27.00 per share after rising 5.5% this week.

Man admits sec x hack

Do you remember that Bitcoin shot into price after the X account of the Securities and Exchange Commission tweeted that the long-awaited Bitcoin ETFs were approved, just to fall on news about a hack again?

Well, the man who is guilty of the law that caused all commotion has admitted the crime.

Eric Council, 25, who was arrested in October, argued on Monday guilty of a federal court in Washington to worsen identity theft and access device, Bloomberg reported.

Council, Van Athens, Alabama, could now be sentenced to 15 years in prison for identity theft and another three years before thinking about a federal agency.

Published by Andrew Hayward