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Bitcoin ETFs See Best Weekly Inflows Since May After Price fall
After the price of the world’s largest cryptocurrency dropped to its lowest level since February a week ago, dip buyers returned in a big way to give Bitcoin exchange-traded funds their best inflows in more than a month.
Spot Bitcoin ETFs took in $882 million during the week ended July 11, with an average of $175 million coming in per day, according to JPMorgan data. That’s most inflows since the period ended May 23.
Bitcoin funds of BlackRock and Fidelity led the surge, taking in $403 million and $361 million, respectively. Meanwhile, Grayscale’s ETF continued its streak of bleeding cash and lost almost $87 million.
This was the second consecutive period of fund growth, with the prior week scoring $166 million of inflows. That broke three week’s of outflows that saw Bitcoin ETFs lose over $1.1 billion.
The latest wave of ETF inflows comes after the price of Bitcoin sagged below $54,000 on July 5 to its lowest level since February.
The price of the world’s largest cryptocurrency got hammered amid anxiety that Mt. Gox creditors would offload tokens that they recovered from the failed exchange. At the same time, German authorities began selling over 50,000 Bitcoin that they had seized. The authorities are set to finish liquidating holdings near the end of July, according to a July 10 report from JPMorgan.
The price of Bitcoin hovered around $58,000 mid-day Friday, up more than 8% from the low reached on July 5.
#write #CryptoDecision
#bitcoin☀️ #ETFs #eth
After the price of the world’s largest cryptocurrency dropped to its lowest level since February a week ago, dip buyers returned in a big way to give Bitcoin exchange-traded funds their best inflows in more than a month.
Spot Bitcoin ETFs took in $882 million during the week ended July 11, with an average of $175 million coming in per day, according to JPMorgan data. That’s most inflows since the period ended May 23.
Bitcoin funds of BlackRock and Fidelity led the surge, taking in $403 million and $361 million, respectively. Meanwhile, Grayscale’s ETF continued its streak of bleeding cash and lost almost $87 million.
This was the second consecutive period of fund growth, with the prior week scoring $166 million of inflows. That broke three week’s of outflows that saw Bitcoin ETFs lose over $1.1 billion.
The latest wave of ETF inflows comes after the price of Bitcoin sagged below $54,000 on July 5 to its lowest level since February.
The price of the world’s largest cryptocurrency got hammered amid anxiety that Mt. Gox creditors would offload tokens that they recovered from the failed exchange. At the same time, German authorities began selling over 50,000 Bitcoin that they had seized. The authorities are set to finish liquidating holdings near the end of July, according to a July 10 report from JPMorgan.
The price of Bitcoin hovered around $58,000 mid-day Friday, up more than 8% from the low reached on July 5.
#write #CryptoDecision
#bitcoin☀️ #ETFs #eth
#write to earn .Dear investors invest in this crypto before it's late, here is why you should invest but find your research first
Floki Center Group Declares Last Testing Stage for TokenFi Platform and Impending Valhalla Mainnet
As per Premonition News, the Floki center group has declared during a local area AMA that their TokenFi Platform is in the last phases of testing. Certik has approved practically the entirety of the review, and the QA group is right now leading the last tests. What's more, the Floki Valhalla mainnet and its gaming procuring system are supposed to be delivered not long from now.
The TokenFi Platform is a critical improvement for the Floki project, as it will empower clients to take part in the send off of new tokens and ventures. The effective finish of the Certik review and the continuous last testing by the QA group are vital stages in guaranteeing the security and unwavering quality of the stage.
The impending arrival of the Floki Valhalla mainnet and its gaming procuring instrument will give extra open doors to clients to draw in with the stage and possibly acquire rewards. This improvement is in accordance with the task's objective of making an extensive biological system that consolidates decentralized money, gaming, and NFTs.
Floki Center Group Declares Last Testing Stage for TokenFi Platform and Impending Valhalla Mainnet
As per Premonition News, the Floki center group has declared during a local area AMA that their TokenFi Platform is in the last phases of testing. Certik has approved practically the entirety of the review, and the QA group is right now leading the last tests. What's more, the Floki Valhalla mainnet and its gaming procuring system are supposed to be delivered not long from now.
The TokenFi Platform is a critical improvement for the Floki project, as it will empower clients to take part in the send off of new tokens and ventures. The effective finish of the Certik review and the continuous last testing by the QA group are vital stages in guaranteeing the security and unwavering quality of the stage.
The impending arrival of the Floki Valhalla mainnet and its gaming procuring instrument will give extra open doors to clients to draw in with the stage and possibly acquire rewards. This improvement is in accordance with the task's objective of making an extensive biological system that consolidates decentralized money, gaming, and NFTs.
#write to earn
Solana may reach a price range between 139 to 145, maintaining the mini support at 124 while forming a fifth Elliott wave. The current price is $130, and after hitting 139 to 145, it is anticipated to undergo a pullback to the range of 117, with a minimum support around 105, eventually continuing its trajectory towards 190.
Price at the time of this comment $SOL $130
Solana may reach a price range between 139 to 145, maintaining the mini support at 124 while forming a fifth Elliott wave. The current price is $130, and after hitting 139 to 145, it is anticipated to undergo a pullback to the range of 117, with a minimum support around 105, eventually continuing its trajectory towards 190.
Price at the time of this comment $SOL $130
According to my analysis as we have seen morning star candle on aevo usdt chart . that means that the price of aevo/usdt might gone on bullish direction . stay connected with me for further info about all coins 😊
#HotTrends #write to earn #Aevo
#HotTrends #write to earn #Aevo
Ethfi token
Guys what i told you yesterday night happened believe me if you can
#write 2earn🌐💹 ite #Memecoins $BTC $SOL $PEPE
#write 2earn🌐💹 ite #Memecoins $BTC $SOL $PEPE
The biggest strategy I used to generate my biggest income!😉😇
I am not the one to blow my own trumpet, neither am I the one to disclose my success but today is your lucky day! I will show you, the MOST simple tool(s) I used, and i'm still using.
1. The fibonnaci retracement tool. If you're starting trading, you should look into this tool. You can start by watching youtube videos or maybe tiktok's to prepare you for the market. Secondly, before i move on to the next tool, you need to have a mentor! Someone to guide you and help recover your losses😂.
The truth is, I only use one strategy, and that's the AR+ JUDAS SWING. To start the trade is quite simple, but know that, there's nothing cheap about success.
To be honest, I recently made the biggest loss in my trading career. Many writers on square will just lie about being powerful, successful and all kinds of stuff, but let me be frank, losses are part of the game! If you fail, get back up! If you miss a trend, don't just cry about it. You've come too far to quit. I mean seriously, you just read everything on this post.
Why?
it's not because you're greedy. It's because you're VISIONARY!!
Don't forget to comment, and Follow me for more updates, and maybe ''giveaways'' in the future. #vision #write #BinanceLaunchpool #ENA #ENALAUNCHPOOL
I am not the one to blow my own trumpet, neither am I the one to disclose my success but today is your lucky day! I will show you, the MOST simple tool(s) I used, and i'm still using.
1. The fibonnaci retracement tool. If you're starting trading, you should look into this tool. You can start by watching youtube videos or maybe tiktok's to prepare you for the market. Secondly, before i move on to the next tool, you need to have a mentor! Someone to guide you and help recover your losses😂.
The truth is, I only use one strategy, and that's the AR+ JUDAS SWING. To start the trade is quite simple, but know that, there's nothing cheap about success.
To be honest, I recently made the biggest loss in my trading career. Many writers on square will just lie about being powerful, successful and all kinds of stuff, but let me be frank, losses are part of the game! If you fail, get back up! If you miss a trend, don't just cry about it. You've come too far to quit. I mean seriously, you just read everything on this post.
Why?
it's not because you're greedy. It's because you're VISIONARY!!
Don't forget to comment, and Follow me for more updates, and maybe ''giveaways'' in the future. #vision #write #BinanceLaunchpool #ENA #ENALAUNCHPOOL
Will Shiba Inu Coin Reach 50 Cents? The FULL Truth
Introduction:With the explosive growth of cryptocurrencies, investors are constantly on the lookout for the next big opportunity. One such contender that has captured the attention of many is Shiba Inu Coin (SHIB). As its popularity surges, the question on many investors' minds is whether SHIB will reach the coveted milestone of 50 cents. In this article, we'll delve into the factors influencing SHIB's price and explore the likelihood of it reaching this significant threshold.Understanding Shiba Inu Coin:Shiba Inu Coin, inspired by the Shiba Inu dog breed and often referred to as the "Dogecoin Killer," gained widespread attention in 2021. Initially created as a meme token, SHIB has evolved into a serious investment option within the cryptocurrency space. It operates on the Ethereum blockchain and boasts a large and passionate community of supporters.Factors Influencing SHIB's Price:1. Market Sentiment: Like many altcoins, SHIB's price is heavily influenced by market sentiment. Positive news, celebrity endorsements, and social media hype can lead to significant price surges, while negative sentiment can trigger sell-offs.2. Adoption and Utility: The adoption of SHIB for real-world use cases and its utility within decentralized applications (DApps) can drive long-term value. Projects like ShibaSwap, a decentralized exchange (DEX), aim to enhance SHIB's utility and ecosystem.3. Tokenomics: SHIB's tokenomics, including its circulating supply and token distribution, play a crucial role in determining its price dynamics. Factors such as token burns, staking rewards, and token unlocks from developer wallets can impact supply and demand dynamics.4. Market Volatility: Cryptocurrency markets are known for their volatility, and SHIB is no exception. Price fluctuations can be rapid and extreme, influenced by factors such as Bitcoin's movements, regulatory developments, and macroeconomic trends.Assessing the Likelihood of SHIB Reaching 50 Cents:While predicting the future price of any cryptocurrency is inherently speculative, several factors suggest that SHIB reaching 50 cents is a challenging but not impossible feat:1. Market Cap: Achieving a price of 50 cents would imply a significant increase in SHIB's market capitalization. While SHIB has a large and dedicated community, surpassing the necessary market cap threshold would require sustained growth and adoption.2. Competition: SHIB faces competition from other meme tokens, as well as established cryptocurrencies with broader utility and adoption. Standing out in a crowded market and maintaining momentum will be key challenges for SHIB.3. Regulatory Environment: Regulatory uncertainty remains a risk factor for cryptocurrencies, including SHIB. Changes in regulations or crackdowns on crypto assets could impact investor confidence and hinder SHIB's growth prospects.Conclusion:While the prospect of SHIB reaching 50 cents is tantalizing for investors, it is essential to approach such predictions with caution. SHIB's price trajectory will depend on a myriad of factors, including market sentiment, adoption, regulatory developments, and broader market trends. Investors should conduct thorough research, assess risk factors, and diversify their portfolios accordingly. Whether SHIB reaches 50 cents or not, its journey remains an intriguing one within the ever-evolving cryptocurrency landscape.Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investment carries inherent risks, and investors should exercise caution and conduct their own research before making investment decisions.#TrendingTopic #Write2Earn #Portal #write by Broda Mensah.
🚀🚀 BNB is looking like to hit up moon today . reach to it's higher value 625$ and soon u will see #BNB😶🌫️ hit the 1000$ .#HotTrends #HotTrends #write to earn
