Day: December 20, 2024

Bitcoin ETFs record $680m outflows as BTC dips below $96k

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Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $680 million on Thursday, breaking a 15-day streak of inflows that had brought over $6.7 billion into the funds. Fidelity’s FBTC led the decline with $208.55 million exiting the fund, followed by Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB, which recorded outflows…

Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout?

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Este artículo también está disponible en español. Solana faced heightened volatility yesterday, dropping 7% following the Federal Reserve’s announcement of a 25 basis point rate cut and fewer projected cuts for 2024. Despite the sell-off, Solana’s price action remains resilient as it managed to hold above a critical support level, reinforcing confidence in its ability to weather macroeconomic shifts. Related Reading While the market reacted to the Fed’s cautious tone, Solana’s on-chain metrics tell a more optimistic story. The number of daily transactions on the Solana network has surged, nearing…

As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors

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Este artículo también está disponible en español. Before yesterday’s plunge, Bitcoin recent rally was able to propel the asset to a new all-time high of $108,000, marking another significant milestone in its upward trajectory. However, according to latest analysis, this notable price surge is accompanied by signs of potential market volatility, as long-term holders begin to exhibit selling activity. Attention has been turned to the Binary Coin Days Destroyed (CDD) metric, a critical tool for assessing the behavior of long-term Bitcoin holders. Related Reading What Do Long-Term Holders Currently Signal?…

Morocco to Adopt a Legal Framework for Crypto Assets

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote […] Source CryptoX Portal

Trump’s Crypto Platform Executes Major $10 Million Swap

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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…

Bears Take Full Control of the Market

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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…

Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says

Cryptocurrency will surge ahead in a multi-year bull market, defying Fed-induced volatility as institutional adoption, blockchain innovation, and ETF flows drive unstoppable momentum. Multi-Year Crypto Boom: The Forces Driving Unstoppable Growth Matt Hougan, chief investment officer at Bitwise Asset Management, reinforced his optimistic view on cryptocurrency’s long-term trajectory despite a sharp market downturn following the […] Source CryptoX Portal

XRP Price Shows Resilience While BTC Sinks Deeper

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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…

Hut 8 Bitcoin Holdings Now Over $1 Billion With Latest Buy

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Este artículo también está disponible en español. Major North American Bitcoin (BTC) mining company Hut 8 has further expanded its BTC holdings with a $100 million acquisition. This latest purchase has pushed the company’s total reserves to over 10,096 BTC, valued at more than $1 billion at current market prices. Hut 8 Bitcoin Reserves Top $1 Billion The Miami-headquartered cryptocurrency mining firm continues to increase its Bitcoin reserves, undeterred by BTC’s recent price surges. In its latest announcement, Hut 8 revealed the purchase of approximately 990 BTC for $100 million,…