On Dec. 6, as the markets painted a vivid shade of red, spot bitcoin and ethereum exchange-traded funds (ETFs) bucked the trend, attracting record-setting inflows. Ether Funds Join the Billionaire Club as Bitcoin ETFs Maintain Crypto ETF Dominance Thursday brought a flurry of activity for spot crypto ETFs. The 12 U.S. bitcoin funds collectively brought […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Bitcoin price has performed well this week, crossing the important milestone of $100,000 and peaking at $104,000. Bitcoin (BTC) surge occured as data indicated continued investor appetite for the digital currency, even at a six-digit price. Notably, data from SoSoValue shows that spot Bitcoin exchange-traded funds saw a net inflow of over $33 billion. These funds now hold a record $109 billion in assets after six consecutive days of positive inflows. Analysts are optimistic that the coin will continue doing well in the next few years. In separate notes, analysts…
Este artículo también está disponible en español. Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction since December 3. Particularly, the cryptocurrency is now trading between crucial Fibonacci levels that could be correcting for a while longer. With the aid of these Fibonacci levels, crypto analyst Dark Defender shared insights on social media platform X, highlighting the $2.13 and $2.92 price ranges as pivotal for the XRP price. XRP Tests Fibonacci Levels Amid Market Correction According to the XRP chart…
The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda, Kristian Csepcsar, the Czech Republic Parliament has unanimously agreed to exempt capital gains tax on Bitcoin (BTC) held for more than three years. Previously, capital gains that came from owning Bitcoin was subject to a 21% corporate income tax. Not only that, the parliament has also agreed on a set…
Ripple and TRON posted over 50% weekly gains and the two altcoins could continue their climb in the altcoin season. As Bitcoin slips under the $100,000 level, it dragged altcoins down with a market-wide correction on Friday. XRP (XRP) and TRON (TRX) could recover and extend the rally next week, according to on-chain and technical indicators. Bitcoin erases recent gains, slips under $100,000 Bitcoin’s rally to a new all-time high above the $100,000 milestone, at $104,088 was fueled by consistent institutional capital inflows to Spot BTC ETFs, and pro-crypto developments…
Este artículo también está disponible en español. As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out from a key resistance zone. The second-largest crypto rally has fueled optimism about its targets, with some suggesting that it could mimic BTC’s 2020-2021 rally. Related Reading Ethereum Reclaims $3,900 Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a 10% surge in the past week, moving from the $3,500 mark to the $3,900 resistance. On Wednesday, the King of Altcoins surpassed the $3,800 level for the first…
By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when you’re watching a match, both teams score and you end up with a draw? So, that’s the bitcoin market right now. The bulls pushed prices above $103,000 early Thursday, only for the bears to bite back, crashing prices to $91,000. As it stands, we’re trading steadily around $98,000. Talk about undecided … The crash shook out leveraged crypto futures bets worth around $1 billion, bringing a degree of normality to what had become an overheated…
Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which, as its name suggests, keeps track of the net amount of BTC that’s entering into or exiting out of the wallets attached to centralized platforms. When the…
With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael Hartnett warning of a potential “overshoot” in early 2025, Bloomberg reports. The S&P 500’s price-to-book ratio surged to 5.3 times in 2024, nearing a peak of 5.5 seen during the dot-com bubble in March 2000. Hartnett cautioned that if the index approaches 6,666 points — about 10% above current levels…
Este artículo también está disponible en español. Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion. This achievement has reignited enthusiasm within the investor community, solidifying Bitcoin’s position as a key player in the global financial market. Despite this impressive feat, Bitcoin has experienced a slight retracement. At the time of writing, it trades at $101,573,…