Day: February 14, 2024

The Anti-Fragile Asset Thriving Amid Global Economic Uncertainties

As an asset, Bitcoin may be increasingly anti-fragile as well. When Silicon Valley Bank collapsed on March 10, 2023, fears of contagion sent stocks down by over -1% the next trading day, but bitcoin rose by 20%. This “safe haven” price response was a new phenomenon for bitcoin, and time will tell if it persists. But bitcoin is outperforming all other asset classes over the last 1, 3, 5, and 10 years, periods that include many stresses. Source

These Developments Show That The Bitcoin Bullish Momentum Is Far From Over

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Crypto analyst Ali Martinez has provided insights suggesting that the Bitcoin bullish momentum is just starting. Based on this, the flagship crypto token is still likely to keep hitting new highs before the peak of the imminent bull run.  Market Sentiment Suggests More Gains Ahead For Bitcoin In an X (formerly Twitter) post, Martinez revealed how long-term BTC holders go through a “cycle of emotions” during a bullish period. These investors usually start with capitulation before “progressing through hope, optimism, and belief.” This capitulation phase is when these BTC bulls…

Spot Bitcoin ETFs hit record daily net inflows of $631m

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Spot Bitcoin ETFs set a record high for daily net inflows, with over $631 million flowing into funds on Feb. 13, coinciding with dwindling outflows from Grayscale’s converted GBTC. Excluding GBTC, nine spot Bitcoin (BTC) ETF issuers saw $704 million in inflows as demand for exchange-traded funds underpinned by crypto’s largest assets trended upwards and consistently amounted to hundreds of millions of dollars daily. BlackRock accounted for the lion’s share of inflows, recording 70% of the day’s influx of trading worth $493 million, according to sososvalue.xyz.  Spot BTC ETF flows…

XRP holders consider DeeStream presale; Bitcoin breaks above $50K

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP holders are hopeful due to recent court rulings and possible settlements in the SEC v. Ripple legal dispute. Bitcoin (BTC) has reached a new milestone of $50K, indicating increasing interest from institutional investors.  In this context, DeeStream (DST) is gaining attention for its decentralized streaming platform. In the ongoing presale, DST is trading for $0.035. XRP traders hopeful amid legal developments XRP is up almost 5% in the past…

EigenLayer’s Cap Lift Prompts $4B Inflow as ETH Restaking Heats Up

Restaking has played a major part in the rise; capital on liquid restaking platform ether.fi has increased by 406% to $1.19 billion in the past 30-days, while Puffer Finance has experienced a 79% hike in the past week alone. TVL across liquid restaking protocols including EigenLayer is now at $10 billion, in December it was just $350 million, according to DefiLlama. Source

Binance Stirs The Waters With A 200 Million XRP Transfer

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Cryptocurrency exchange giant Binance made a bit of a headline by transferring a substantial amount of XRP tokens—200 million to be exact. The massive amount of the transfer has made nearly everyone in the crypto community come up with guesses as XRP tallied notable 4% increase in value following the transfer, which added an extra layer of intrigue to the situation. The recent struggles of XRP, reflected in its monthly losses and declining network fundamentals, have created an air of uncertainty around the coin. Santiment data analyzed by NewsBTC indicates…