📢🚨BITCOIN
Bitcoin ETFs record over $800 million in inflows in 2 days, Ethereum silent
The Bitcoin ETF saw a net inflow of $809.5 million over the last two trading days. Fidelity alone bought $356 million worth of Bitcoin, according to Farside data
Bitcoin ETF net inflows totaled $253.6 million. Fidelity's FBTC ETF led with inflows of $117.1 million, while Ark's ARKB ETF added $97.6 million. Bitwise's BITB ETF posted inflows of $38.8 million and Invesco's BTCO said $7.9 million. VanEck's HODL ETF contributed $14.3 million. But Grayscale's GBTC ETF saw outflows of $22.1 million. Other funds, including those from BlackRock, Franklin, Valkyrie and WisdomTree, remained flat
Bitcoin ETFs saw additional significant inflows of $555.9 million, showing strong institutional demand. Fidelity's FBTC ETF once again added $239.3 million, followed by BlackRock's IBIT ETF, which added $79.5 million. Bitwise's BITB ETF saw inflows of $100.2 million, while Ark's ARKB ETF saw inflows of $69.8 million. Invesco's BTCO and Franklin's EZBC added $4.9 million and $5.7 million less, respectively. Grayscale's GBTC ETF reversed its trend with inflows of $97.8 million. Grayscale's smaller BTC ETF also added $4.7 million
Ethereum ETFs
Ethereum ETFs had a relatively quiet day, posting net outflows of $0.1 million. Fidelity's FETH ETF saw inflows of $8.6 million, offset by outflows of $8.7 million from Grayscale's ETHE fund. Other Ethereum ETFs remained flat, including BlackRock, Bitwise, 21Shares, VanEck, Invesco and Franklin
#BTC #Bitcoin #ETH #ETF
$BTC $ETH
🚀 Bitcoin is on the rise! Early morning U.S. trading saw BTC surge to $67,500, a level not seen since late July. Up 3.7% in 24 hours, BTC outperformed the broader CoinDesk 20 Index, which rose 2.5%. 📈
Analyst Geoff Kendrick suggests the momentum might be driven by crypto-friendly Republican candidate Donald Trump, who now has a 56.9% chance of winning in November. A GOP sweep of Congress could further boost crypto markets.
$127M in short and long positions were liquidated this morning, adding fuel to the rally. Traders at QCP Capital attribute the spike to election dynamics and shifting capital from Chinese equities.
What's your take on BTC's next move? Share your thoughts below!
🚀 Bitcoin Breaks New Heights Amid Political Buzz and Market Shifts!
Bitcoin surged to $67,500 during early U.S. trading hours on Tuesday, marking levels unseen since late July. The broader CoinDesk 20 Index also saw a 2.5% rise, though Solana (SOL) and Cardano (ADA) lagged behind.
Key Points:
- BTC up 3.7% in 24 hours, peaking at $67,800.
- Over $127M in liquidations due to rapid price movement.
- Analysts link the rally to political factors, including Donald Trump's rising election odds and Kamala Harris’s crypto-friendly stance.
- Disappointment with China's stimulus may have shifted investments back to Bitcoin.
What do you think is driving Bitcoin's rise? Share your thoughts in the comments! 💬
Read more: Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout
Bitcoin's Supply in Profit Ratio and Market Sentiment
Bitcoin’s current price is near a significant psychological threshold, closely tied to the "Supply in Profit" metric. This metric indicates that market optimism increases when a substantial portion of investors are in profit. Presently, the supply in profit ratio is retesting this critical level. If this level holds, it could support upward movements in the market, potentially pushing Bitcoin’s price higher.
Historical Data and Market Trends
Historical data from previous bull markets, such as in 2016 and 2020, shows that Bitcoin maintained a strong uptrend when its price remained within this psychological threshold. Surpassing this level could lead to similar upward price movements.
Low Likelihood of Decline
Based on current price movements and the supply in profit metric, the probability of a significant decline remains low as long as Bitcoin holds this level. If the price falls below this threshold, market sentiment could turn pessimistic, leading to price pullbacks. Conversely, exceeding this level could fuel further optimism and increase the chances of reaching new price highs.
Conclusion
Bitcoin is once again testing a crucial psychological level, and breaking above this zone could pave the way for a strong upward movement.
BlackRock’s Larry Fink emphasized that Bitcoin is a legitimate asset class that cannot be affected by U.S. politics.
Larry Fink, CEO of BlackRock, recently commented that neither the presidency of Donald Trump nor Kamala Harris would significantly influence crypto prices. According to Fink, the rise of digital assets like Bitcoin is inevitable on a global scale, independent of political leadership.
Fink expressed this perspective in recent discussions with institutional investors, highlighting the evolving perspective on digital assets. His remarks emphasize that the real factors behind the growing adoption of cryptocurrencies are transparency, liquidity, and improved analytics. He noted that Bitcoin, now considered an asset class comparable to gold, represents a shift in how investors approach asset allocation.
#Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
First of all Alhamdulillah as predicted yesterday $BTC hit $66,400 and get rejected . Many people are asking about next move but we are quiet bcz Currently #Bitcoin❗ is at resistance and started a range trading between $65200 and $66000. Yet BTC has not confirmed any direction.
We post only when market confirm one direction and remain quiet when sideways. So, at the moment #bitcoin☀️ need to break upper resistance area by 1D closing to confirm it's next t.p $67,200 & $69,400. If #BTC☀ close 1D below $65000 then we can see again $63,500 areas. In short words sell 30% holdings here. Keep hold 70% funds free. If market take a dip then buy at lower areas and if market flip resistance by 1D closing then re-enter in market.
We shared both scenerio as soon as any direction confirm we will post again and inform you. Like post if you find it helpful and follow @MU_Traders for more updates .
#BTCBreaks66K #MU_Traders
📊MEME/USDT Pair Chart Analysis and prediction
• Price Action: The MEME/USDT pair is trading at $0.01475, with a 25.21% increase in the last 24 hours, showcasing a robust bullish move.
• Bollinger Bands: The current price is near the upper Bollinger Band ($0.01530), which typically suggests overbought conditions. The price reaching the top band indicates that the recent upward momentum may slow down or experience a short-term pullback.
• Moving Averages:
• The price is significantly above the moving average (MB) of $0.01235, confirming the strong upward trend.
• However, the retracement from the high of $0.01618 to $0.01476 might be an indication of a minor correction.
• Relative Strength Index (RSI):
• The RSI(6) is at 70.28, signaling that the pair is entering overbought territory, increasing the likelihood of a pullback or sideways movement in the short term.
• The other RSI values (12 and 24) confirm this, indicating bullish pressure, but caution is advised for a potential correction soon.
Prediction:
If the price continues holding above $0.01475, the next resistance level will be at $0.01618. However, given the overbought signals, a potential retracement to $0.01366 or even further down to $0.01235 is possible before any further upward movement.
$MEME
{spot}(MEMEUSDT)
#MemeCoinTrending #GrayscaleConsiders35Cryptos #BNSOL #BTCUptober #USStockEarningsSeason
TECHNICAL REPORT OF $NOT $HMSTR $ENA
NOT's robust uptrend suggests a potential break above $0.012, where buyers are likely waiting. Support at $0.0075 and $0.0060 will be crucial in maintaining momentum. If NOT surpasses $0.01, expect accelerated growth, potentially reaching $0.015 or higher. A decisive move above $0.012 could confirm a bullish reversal.
HMSTR's correction may find support at $0.0032 or $0.0025. A bounce from these levels could push HMSTR toward $0.005 or higher. Buyers should watch for a potential reversal around $0.0038, which could signal a return to $0.0045 or higher. However, failure to hold $0.0032 might lead to $0.002.
ENA's impressive rally targets $0.38 and $.35 will determine ENA's next move. A breakout above $0.45 could propel ENA to $0.6 or beyond, confirming its bullish trend. However, a pullback to $0.32 or lower would indicate profit-taking.
#NeiroOnBinance #KryptoAlchemy #WeAreAllSatoshi #BinanceLaunchpoolHMSTR
#BTC60KResistance#MemeCoinTrending
Blockcast raises $2.85M in a funding round
#Blockcast secures $2.85M in a funding round led by Lattice with participation from Alliance DAO, Protocol Labs, Finality Capital Partners, Zee Prime Capital, RW3 Ventures and angel investors.
Blockcast is an open content delivery network (CDN) that uses a unique caching architecture and multicast to deliver massive, flexible capacity, reducing costs and enabling higher bitrate experiences.
👉 x.com/BlockcastNet/status/1846180142827057332
Technical Analysis of Coins
The current analysis focuses on the performance of $KEY/USDT. In this recent market movement, $KEY exhibited a notable surge, capturing the attention of short-term traders and investors.
$KEY /USDT:
History & Progress:
$KEY is known for being a low-cap asset often attracting speculative interest during short bursts of volume. Historically, it has experienced sharp rallies followed by quick corrections. Today’s action shows a breakout attempt, with a +14.72% gain within 24 hours.
Short Trade Signals:
Entry Point: $0.00447
Target: $0.00385 for a reversal trade
Traders could look for a quick profit-taking opportunity if the coin retraces to previous support levels around $0.00385, ensuring a tight stop loss near $0.0045.
Long Trade Signals:
Entry Point: $0.00450 (if retested)
Target: $0.00480
A sustained breakout beyond $0.00450 could drive the price toward $0.00480, with potential profit zones aligning with high liquidity. Traders should trail stops to lock in profits as the asset approaches resistance levels.
#CryptoGains #TechnicalBreakout #TradingSignals #Write2earn