Day: November 8, 2024

Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows

boss

Este artículo también está disponible en español. Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains.  Key data from Carl Runefelt reveals that Bitcoin ETFs experienced a historic surge, with $1.38 billion in net daily inflows. This record-breaking figure highlights institutional demand for Bitcoin, as major players like BlackRock are buying BTC in anticipation of long-term growth. Related Reading The influx…

$1K today could turn into $1M by 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Some lesser-known cryptocurrencies are showing signs of explosive growth, potentially turning small stakes into fortunes by 2025. Could a modest investment today lead to massive gains in a few years? Certain lesser-known cryptocurrencies might hold the key. As the crypto market evolves, some low-priced tokens are showing signs of explosive growth. Discover which hidden gems could potentially turn a small stake into a fortune by 2025. The CYBRO Presale…

Meme Coins Explode as Trump Wins Bitcoin Election

boss

Crypto traders rejoiced as pro-Bitcoin candidate Donald Trump won the US Presidential election in 2024, leading to numerous potential changes throughout the industry. Cryptocurrency exchanges, institutions and firms threw their weight behind the Republican candidate through donations to political action committees and the event, dubbed “the Bitcoin election” on social media platforms, catalyzed gains in several categories of cryptocurrencies, most notably in meme coins.  Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Bonk (BONK), among other meme tokens rallied in nearly double-digits in the last 24 hours. Meme coins…

Large Transaction Volume Crashes 36% In 24 Hours As Dogecoin Price Fails At $0.2, Are Whales Selling?

boss

Este artículo también está disponible en español. The recent Dogecoin price rally appears to be losing steam following an impressive surge that pushed its price above $0.21 for the first time since April to mark a notable seven-month high. This intense week of upward movement has been followed by profit-taking by traders, which has triggered a pullback in the Dogecoin price. At the time of writing, the Dogecoin price has dipped below the $0.20 threshold again, bringing the idea of further price declines. Adding to the concerns, on-chain data reveals…

HIVE Digital shares climb 11% on rise in Bitcoin holdings

boss

Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value. Global Bitcoin (BTC) mining firm HIVE Digital reported that it mined 117 BTC in October, marking a 1% increase month-over-month and bringing its HODL portfolio to 2,624 BTC, a 51% increase compared to the previous year. In a Friday press release on Nov. 8, Frank Holmes, executive chairman of HIVE Digital, credited the firm’s portfolio growth to the team’s “prudent capital management,” which allowed the firm to “minimize dilution…

Layer 1 Flare and Decentralized Cloud Firm Red Date Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong

“With Hong Kong on the cusp of announcing new stablecoin regulations allowing digital currencies on public blockchains, the introduction of this KYC solution trial gives Mainland Chinese residents their first opportunity to legally hold public chain wallets and transact with stablecoins, such as HKDA, a fiat-referenced Hong Kong Dollar stablecoin issued by IDA. This project signals a possible first step in aligning with China’s long-term approach to integrating blockchain technology,” the companies said in a statement. Source

BTC in Price Discovery Mode Following Record High

Traders are eyeing $100,000 as the next level of interest for bitcoin’s price, though there is likely to be a period of consolidation first, according to some analysts. BTC is riding the wave of President-elect Trump’s victory and the Fed’s expected 25 basis-point interest rate cut on Thursday. There are some concerns about a short-term pullback given Trump’s proposed tariffs on China and fiscal concerns like rising national debt. BTC is “defending its top,” Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk. “In general, we stick to the idea…

Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

boss

Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at an event hosted by Aargauische Kantonalbank in Brugg, Switzerland, Schlegel noted that, while virtual currencies have seen significant growth, they remain a “niche […] Original

Trump’s Crypto Aide: U.S. Should Act Quickly to Incorporate a Strategic Bitcoin Reserve

boss

With Trump’s crypto allegiance and his new status as President-Elect of the U.S., talks of establishing a strategic bitcoin reserve have surged. While this can be achieved in several ways, Trump’s cryptocurrency aide and CEO of BTC.Inc., David Bailey, has suggested expediting this task, fearing a possible frontrunning movement from third parties. Trump’s Crypto Aide […] Original