A Huge Week For Crypto Ethereum ETFs, Trump Bitcoin Endorsement, and XRP SEC Breakthrough

  • Bitcoin ETF inflows surged to $900M, driving the price higher and signaling increased institutional interest in the crypto market.

  • October 29 marked the highest inflows, boosting Bitcoin’s market cap to $1.42 trillion, with the Fear and Greed Index hitting 77.

  • Long-term holders show confidence, as 71% hold BTC for over a year, while netflows decreased by $175.71M, indicating reduced selling pressure.

Bitcoin saw a notable surge this week as inflows into Bitcoin ETFs soared to $900 million. Cryptocurrency analyst Michaël van de Poppe reported on this massive inflow, suggesting it could push Bitcoin toward a new all-time high (ATH). Despite price fluctuations, the data shows optimism among investors, with consistent interest driving the price momentum upward.

The inflow in the #Bitcoin ETF are going through the roof.

Insane!

$900 million inflow pushing Bitcoin towards a new ATH.

I think there's more upside coming in the coming period with a constant flow of interest.

Nice. pic.twitter.com/tqqWyICSJj

— Michaël van de Poppe (@CryptoMichNL) October 30, 2024

Bitcoin ETFs Fuel Buying Pressure

The inflow into Bitcoin ETFs has fueled substantial buying pr…

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