Day: December 10, 2024

Bitcoin ETFs log $479m inflows despite BTC flash crash below $95k

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Spot Bitcoin exchange-traded funds in the U.S. recorded $479.06 million in inflows on Dec. 9, even as Bitcoin’s price briefly plunged below $95,000, triggering a downturn in the broader crypto market. According to data from SoSoValue, the latest net inflows into 12 spot Bitcoin ETFs marked the eighth consecutive day of positive movement, bringing cumulative inflows over this period to $3.6 billion. BlackRock’s IBIT led the pack for the seventh straight day, attracting $394.07 million in inflows on Dec. 9. Fidelity’s FBTC also performed strongly, securing $175.47 million in inflows.…

Almost $10 Billion Invested In US Bitcoin ETFs

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Este artículo también está disponible en español. Since Donald Trump became president-elect a little more than a month ago, roughly $10 billion has flooded into US spot Bitcoin ETFs, showing growing optimism that his administration will support the cryptocurrency industry. According to Bloomberg, a dozen funds from big issuers including BlackRock and Fidelity Investments have received around $9.9 billion in net inflows into their various Bitcoin ETFs since November 5, bringing their total assets to around $113 billion. Trump’s Appointments Signal Shift To Pro-Crypto Regulation Trump’s recent selections, such as…

Bitcoin First Close Above $100K, But Is A Big Correction Coming?

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Este artículo también está disponible en español. Bitcoin (BTC) closed the week above the $100,000 mark for the first time in history, concluding the crypto’s massive week with another milestone. However, a market watcher has warned investors that historical patterns could soon lead the flagship crypto to a big correction. Related Reading Bitcoin First Weekly Close Above $100,000 Bitcoin hit the $100,000 milestone nearly a week ago, passing the psychological barrier for the first time. After its massive feat, the largest crypto by market capitalization faced its largest retrace since…

Top analyst predicts massive growth for DOGE, PEPE, and new meme coin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Top analyst predicts massive growth for Dogecoin (DOGE), Pepe (PEPE), and a rising star, Dogen (DOGEN). As the holiday season nears, a prominent analyst has predicted major surges for specific cryptocurrencies. Dogecoin (DOGE) and Pepe (PEPE) are among those expected to see significant growth. A new meme coin, Dogen (DOGEN), has also been predicted for a festive rally. DOGEN: The meme token for alphas who demand it all Unleash…

Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit

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On-chain data shows that long-term Bitcoin holders have been selling recently as their profits have ballooned to notable levels after the price surge. Bitcoin Long-Term Holders Have Been In Huge Profits Recently As CryptoQuant community analyst Maartunn explained in a new post on X, the long-term holders have sold big in the past month. The “long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. This cohort includes the most relentless hands of the market, who rarely sell regardless of…

Can Bulls Rally at The Support Line?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Is Bitcoin Entering a New Phase? Analysts Break Down Key Trends

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

XRP Price Eases Gains: Eyes on The Critical $2 Threshold

XRP price failed to extend gains above the $2.40 zone. The price is down over 10% and might even decline toward the $2.00 support zone. XRP price started a downside correction from the $2.50 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.26 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.32 resistance. XRP Price Dips Again XRP…

Google reveal quantum computing chip. Is Bitcoin threatened?

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Google is introducing the most long-awaited of its first quantum computing chip, Willow. Although it’s a breakthrough in the computer revolution, what about Bitcoin’s future? Google CEO Sundar Pichai revealed Willow as the company’s first quantum computing chip. This invention has brought a new journey for useful quantum computers for practical applications. “Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can reduce errors exponentially as we scale up using more qubits, cracking a 30-year challenge in the field,” Pichai stated in his X’s post on Dec.…