The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
Bitcoin
In recent months, there has been a noticeable uptrend in the accumulation of bitcoin by large holders, also known as “whales.” These whale addresses, holding over 1,000 BTC each, now collectively own more than 40% of the total bitcoin supply. This concentration of ownership signifies a growing confidence and conviction among wealthy investors and institutions
In a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets in terms of annualized returns. With annualized returns of 141%, 152%, and 224% respectively, these crypto assets have far surpassed traditional assets such as Gold, which only
Traders’ positions are reflecting a moderate level of excitement in the market regarding the upcoming launch of spot Ethereum ETFs. While the week may have been relatively uneventful, the expectations surrounding these funds are high. Analysts at K33 Research are predicting that the arrival of Ethereum ETFs could potentially follow a similar explosive path as
In the midst of a turbulent regulatory environment, Binance Coin, the native token of the world’s largest cryptocurrency exchange, has managed to defy the odds and emerge as a top performer in the market. Despite facing legal battles in multiple jurisdictions, including an ongoing dispute with Nigerian authorities and a hefty settlement deal with the
Bitcoin, the digital currency that has been causing a stir in the financial world, is once again at the center of attention. This time, it is due to the mounting stress within the US banking system. Some experts are predicting a significant surge in Bitcoin’s value, with some even going as far as forecasting a
The cryptocurrency market is speculated to be on the verge of a bull run, with Bitcoin and altcoins showing signs of responding to this potential upswing. Investors are eagerly anticipating this upward trend, especially with the projections made by Crypto Emily, a crypto analyst, regarding the future prices of six major cryptocurrencies. Bitcoin Price Projection
Venture capitalist and billionaire investor, Chamath Palihapitiya, has made a bold prediction regarding the future of Bitcoin. He foresees a potential price increase to $500,000, attributing this forecast to Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Palihapitiya has engaged in a detailed analysis of historical halving cycles to support his prediction,
The recent announcement by Binance regarding the restriction of “unregulated stablecoins” in the European Union has sent shockwaves through the crypto market. The move is in line with the upcoming Markets in Crypto-Assets Regulation (MiCA), which aims to bring more regulatory clarity to the industry. Binance’s decision to limit the availability of certain stablecoins will
The future of Bitcoin has been a hot topic of discussion within the crypto community, with various analysts presenting optimistic outlooks for the pioneer cryptocurrency. One such analyst, Peter Brandt, recently released a blog post predicting Bitcoin’s top in the current bull cycle. Despite the recent decline in Bitcoin’s price, Brandt remains positive about the