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#BitcoinHashRateSurge Spot Bitcoin exchange-traded funds in the United States recorded nearly $1 billion in inflows on Jan. 6 as Bitcoin managed to recover to the $102k level. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded inflows of $987.06 million on Monday, marking their second straight day of inflows. Over these two days, the ETFs saw over $900 million in inflows each day, totaling nearly $1.89 billion. The recent jump in inflows nearly offset the streak of low demand observed in the latter half of December, during which the ETFs experienced approximately $1.9 billion in net outflows between Dec. 19 and Jan. 2. Meanwhile, the inflows seen on Monday, Jan. 6 were led by Fidelity’s FBTC which saw $370.24 million entering the fund followed by BlackRock’s IBIT and ARK 21Shares’ ARKB which attracted $209.08 million and $152.92 million of investors’ money respectively. Biwise’s BITB, Grayscale’s spot BTC ETFs with the tickers GBTC and BTC also contributed to the positive momentum as they recorded $75.23 million, $73.79 million and $71.19 million respectively. More modest positive flows were seen from VanEck’s HODL, Franklin Templeton’s EZBC and Valkyrie’s BRRR which drew in $17.33 million, $8.88 million and $8.38 million on the day. The remaining three BTC ETFs remained neutral. The total daily trading volume for these investment products stood at $3.96 billion on Jan. 6 much higher than the $2.59 billion recorded the previous day. The strong inflows experienced on Monday came as Bitcoin continued its upward climb, managing to surge past the $102,000 level which drove fresh enthusiasm and heightened institutional interest in Bitcoin ETF products once again. Meanwhile, last December was a standout month for spot Bitcoin ETFs in the US, with funds accumulating around 51,500 BTC—approximately 272% more than the 13,850 new coins that entered circulation during the month. Momentum was fueled by strong spot market activity, driving Bitcoin to an all-time high of $108,135 on Dec. 17, according to data from crypto.news.
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#BitcoinHashRateSurge As Donald Trump, who won the November elections and was re-elected as president, is expected to take office on January 20, one of Trump's biggest promises, whether he will create a national Bitcoin (BTC) reserve, is being followed with great curiosity. While many experts are positive that the US will create a national BTC reserve, Nigel Green, CEO of the giant US company deVere Group, claimed that the US will establish a strategic Bitcoin Reserve together with Trump and purchase 300 to 400 thousand BTC. Nigel Green, who successfully predicted that Bitcoin would surpass $100,000, argued that the US would position Bitcoin as the cornerstone of its financial system with its reserve move. The famous CEO stated that this move by the US will trigger a bull run and take the Bitcoin price to unprecedented levels. “The US will make Bitcoin the cornerstone of its financial strategy, and this important decision will raise the value of Bitcoin to unprecedented levels. At this point, I expect the US to buy 300,000 to 400,000 Bitcoin. The creation of such a reserve would likely trigger a Bitcoin bull run of epic proportions. The BTC price would then rise exponentially, reshaping the financial markets. The dominance of Republicans and the role of Trump provide the perfect conditions for such a massive Bitcoin policy.” The deVere CEO’s Bitcoin prediction comes after US Senator Cynthia Lummis introduced the Bitcoin Act of 2024, which proposes to purchase one million Bitcoins over five years with Fed transfers. *This is not investment advice.
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#CryptoReboundStrategy Galaxy Digital’s research arm predicts that popular memecoin Dogecoin will reach a significant milestone in 2025. In a post shared on social media platform X, Alex Thorn from Galaxy Research noted that Dogecoin’s value is expected to increase by more than 170% from this year’s rate, achieving its first psychological price point in history. Dogecoin’s 2025 Price Target In his latest update, Alex Thorn shared predictions regarding Dogecoin’s performance this year. Although it approached this psychological resistance point during Elon Musk’s appearance on the SNL show, Musk’s cold jokes did not significantly help the price during that time.
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