Day: December 13, 2024

Australia’s Biggest Pension Fund Makes Historic $17M Bitcoin Investment, A National First

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Este artículo también está disponible en español. In a groundbreaking move for the Australian pension industry, AMP Ltd., a prominent pension and wealth management firm, has allocated approximately A$27 million (around $17.2 million) to Bitcoin (BTC) futures.  This investment marks AMP as one of the first major retirement managers in Australia to embrace cryptocurrency products, reflecting a shift in attitudes toward digital assets within a traditionally conservative sector. AMP’s Bitcoin Futures Investment AMP’s Senior Portfolio Manager, Steve Flegg, announced the decision on LinkedIn, noting that the firm “took the plunge…

Matrixport sees 60% upside for Bitcoin, targets BTC price to hit $160,000 in 2025

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With institutional support and growing adoption, Matrixport predicts Bitcoin will surpass $150,000 by 2025, signaling its transformation to a core global asset. Bitcoin’s (BTC) path to $160,000 by 2025 appears increasingly likely, as growing institutional backing and a maturing market set the stage for a major shift in its role within global finance, analysts at Matrixport said in a recent report. The analysts note Bitcoin’s integration into diversified portfolios “has proven effective,” with analysts recommending a “1.55% allocation to achieve optimal diversification while maintaining portfolio stability.” “Bitcoin and the broader…

Analysts Eye $4,100 As ETH Reclaims Key Support

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Este artículo también está disponible en español. Ethereum (ETH) has seen a significant 4.7% recovery in the last 24 hours, reclaiming a crucial support zone. This performance has fueled a bullish sentiment among some market watchers, who consider the cryptocurrency to break above a key resistance level in the coming days. Related Reading Ethereum Reclaims Key Support Nearly a week ago, Ethereum jumped above $4,000 for the first time in nine months, nearing its march-high and the long-awaited $4,100 resistance level. However, the cryptocurrency’s rally was momentarily paused after the…

Luigi Mangione Gains Memecoin Infamy

The promising engineer from a wealthy Baltimore family was charged with the brazen, broad daylight murder of health insurance executive Brian Thompson. Alleged Killer Becomes Memecoin Darling Valedictorian-turned-villain Luigi Mangione, who has been accused of an assassin-style execution of United Healthcare CEO Brian Thompson last week in New York City, has become the face of […] Source CryptoX Portal

Key Resistance At $235 Could Spark Major Breakout

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin ETF inflows surge over 160% as total inflows surpass $35b

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Inflows into the 12 spot Bitcoin exchange-traded funds surged by nearly 168% on Dec. 12, pushing the total net inflows for these investment products above $35 billion for the first time. According to data from SoSoValue, inflows into Bitcoin ETFs reached $597.57 million on Thursday, significantly higher than the $223.03 million recorded the previous day—a surge of nearly 168%. This marked the 11th consecutive trading day of inflows, bringing a total of over $4.4 billion into these investment products and pushing total net inflows into Bitcoin ETFs to $35.17 billion…

Bitcoin Returns Above $100,000 As Monthly Inflows Hit $80 Billion

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Bitcoin has returned back above the $100,000 mark as on-chain data shows capital continues to flow into the asset at a rapid rate. Bitcoin Realized Cap Has Crossed The $768 Billion Milestone In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about the latest trend in the Realized Cap of Bitcoin. The “Realized Cap” here refers to an on-chain capitalization model that calculates BTC’s total value by assuming the value of each individual token is equal to the price at which it was last…

Ethena Labs To Launch Synthetic USDe Stablecoin on Dec. 16

Ethena Labs has announced the launch date of its synthetic USDe stablecoin on Dec. 16, 2024, as the token’s market cap reached $5.73 billion, an all-time high. In a post on X, Ethena Labs, built on the Ethereum blockchain, announced a possible launch for its stablecoin USDe which is pegged to the U.S. dollar. It is mainly built as a yield-generating asset rather than an intermediary for a transaction, similar to Tether (USDT) or USD Coin (USDC). Ethena Labs announcement of USDe stablecoin on X. In contrast to the traditional…

XRP Bull Flag Breakout Could Lead Price To $4, Analyst Says

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Este artículo también está disponible en español. An analyst has explained how XRP could end up traveling to the $4 level if its 4-hour price can break out of a recent bull flag pattern. XRP Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali Martinez has talked about how the 4-hour price of XRP has been forming a Bull Flag recently. The “Bull Flag” here refers to a pattern in technical analysis (TA) that, as its name suggests, looks like a flag on…