First Mover Americas: Bitcoin Little Changed After Liquidation Rout

Jamie Crawley is a CoinDesk news reporter based in London.

BTC fell to under $69,000 from over $71,000 after U.S. non-farm payrolls data came in stronger than expected, which saw open interest and trading volume slump. Since Friday, the number of unsettled futures contracts across various tokens slid to $60 billion from $99 billion, suggesting traders significantly pared bets.

Trading volumes in exchange-traded products rose to $12.8 billion for the week, up 55% from the week before. Bitcoin led investment activity at over $1.97 billion inflows for the week, while ether saw its best week of inflows since March at nearly $70 million."Unusually, inflows were seen across almost all providers, with a continued slowdown in outflows from incumbents," CoinShares analyst James Butterfill said.

"This acquisition instantly expands global reach to ensure participation regardless of U.S. actions," the report said. Robinhood is continuing to expand its digital asset offering despite receiving a Wells Notice from the SEC last month, Architect added.

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