Bitcoin moved from $62,070 to $63,047, a gain of roughly $977 or 1.6% over 24 hours, continuing the week's 2.6% advance.Not pure noise, but not a structural break either. ETF outflows resumed after a brief three-day inflow window, and Temasek, a $400 billion sovereign fund, explicitly ruled out crypto allocation in favor of AI. Near-term risk has shifted modestly to the downside, with the Fear and Greed index at 23 against a 30-day average of 18, and price still sitting below both the 50-day and 200-day moving averages.
Bitcoin ETF outflows resumed: Wednesday logged an $84 million net outflow, ending a three-day inflow streak that had accumulated roughly $509 million, per the CoinDesk live markets report.
Temasek, Singapore's $400 billion sovereign wealth fund, said crypto is off the table as it targets raising AI holdings to 15% of portfolio by 2031, a concrete negative institutional signal.
A $1.4 billion Bitcoin options expiry on Deribit is set for Friday, with $62K as the key strike level to watch through the 08:00 UTC settlement window.
New Hampshire's executive council rejected a first-of-kind state Bitcoin bond project by a 3-2 vote, removing one early template for public-sector Bitcoin capital formation.
Network fees remain at 1 sat/vB across all tiers and hashrate stands at 893.5 EH/s, reflecting a healthy and stable network even as price trades below trend averages.
Market Snapshot
Market Cap
$1.26T
24h Volume
$27.00B
Dominance
56.2%
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