比特幣
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Bitcoin returns to 100,000 USD! Analysts predict: 2 to 4 rapid surges may occur
$BTC price has recently returned to the 100,000 USD mark, attracting widespread attention in the market. However, CryptoQuant's latest report indicates that the current bull market cycle may be nearing its end, expected to conclude in the first or second quarter of 2025. This bull run began after the collapse of the FTX exchange in January 2023, with Bitcoin prices rapidly rebounding from below 20,000 USD and continuing to draw the attention of the global financial community. After nearly two years of sustained growth, the market is currently in the later stages of the bull market, and according to historical cycle patterns, the trend seems to be nearing its endpoint.
Source: X@cryptoquant_com
Source: X@cryptoquant_com
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$MSTR is indeed a major buyer in the $BTC market, but investors in #US stocks know that the $iBit #比特幣 ETF launched by BlackRock is the true tool for attracting retail funds from around the world.
As the United States relaxes regulations for financial institutions to launch more #cryptocurrency investment products, these #Bitcoin ETFs will be the key force in channeling traditional financial energy into the #blockchain world.
As the United States relaxes regulations for financial institutions to launch more #cryptocurrency investment products, these #Bitcoin ETFs will be the key force in channeling traditional financial energy into the #blockchain world.
Binance News
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Nasdaq applies to increase IBIT holding limit to 250,000 shares
According to Wu, Nasdaq has applied to increase the IBIT position limit from 25,000 to 250,000, but it still needs to be approved by the U.S. Securities and Exchange Commission. Jeff Park, head of strategy at Bitwise Alpha, said that considering the increasing trading volume, it would be more reasonable to increase the position limit to 400,000.
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In other words, JP Morgan is less confident about the current world situation than $BTC #比特幣 vs. #gold
Binance News
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JPMorgan analyst: Bitcoin is becoming more important in portfolios
According to Odaily Planet Daily, JPMorgan analyst Nikolaos Panigirtzoglou said that the appreciation of gold prices over the past year exceeded expectations, reflecting the emergence of devaluation transactions. Record capital inflows in the cryptocurrency market in 2024 show that Bitcoin has become more important in investors' portfolios. Devaluation transactions refer to investors turning to assets such as gold and Bitcoin to hedge against the devaluation of fiat currencies, which is usually driven by factors such as inflation, increased government debt and geopolitical instability.
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Today’s trend of #比特幣 is really making people love and hate it!
In the morning, there was a tentative upward attack, and it was about to break through an important pressure level. However, in the afternoon, it took a turn and directly inserted the needle downward, which made everyone's heart beat faster. With such a volatile situation, many people are wondering whether market funds are laundering funds, or are large investors preparing for new arrangements?
At present, it seems that the main driving force of the market still comes from several key factors:
1️⃣ Macroeconomic impact: The recent trend of the U.S. dollar index has obviously put considerable pressure on BTC prices. There are also the effects of some international events, such as stock market fluctuations, gold hedging demand, etc., which have indirectly affected the crypto market.
2️⃣ Big fund movements: Institutions have been particularly quiet in the past two days, especially big players such as MicroStrategy. The market has calmed down a little.
3️⃣ Retail investor sentiment: Judging from the trading volume, the FOMO sentiment of retail investors is not as strong as before, which may be one of the reasons why Bitcoin cannot break through quickly.
What’s the next key point?
👉 Short term: We need to closely observe the support level near US$28,000. Whether it can be stabilized is the key. If it falls below, it may be time to test the next support level.
👉 Mid-term: If there are new positives in the market news, such as increased institutional investment or policy changes, then Bitcoin is still very likely to retest the target of $30,000 or even higher.
👉 Strategic advice: This trend is very suitable for fixed investment. A volatile market is a good opportunity to accumulate chips. Don’t panic just because of a drop in one or two days.
#比特币走势观察 #比特幣走勢分析
$BTC
In the morning, there was a tentative upward attack, and it was about to break through an important pressure level. However, in the afternoon, it took a turn and directly inserted the needle downward, which made everyone's heart beat faster. With such a volatile situation, many people are wondering whether market funds are laundering funds, or are large investors preparing for new arrangements?
At present, it seems that the main driving force of the market still comes from several key factors:
1️⃣ Macroeconomic impact: The recent trend of the U.S. dollar index has obviously put considerable pressure on BTC prices. There are also the effects of some international events, such as stock market fluctuations, gold hedging demand, etc., which have indirectly affected the crypto market.
2️⃣ Big fund movements: Institutions have been particularly quiet in the past two days, especially big players such as MicroStrategy. The market has calmed down a little.
3️⃣ Retail investor sentiment: Judging from the trading volume, the FOMO sentiment of retail investors is not as strong as before, which may be one of the reasons why Bitcoin cannot break through quickly.
What’s the next key point?
👉 Short term: We need to closely observe the support level near US$28,000. Whether it can be stabilized is the key. If it falls below, it may be time to test the next support level.
👉 Mid-term: If there are new positives in the market news, such as increased institutional investment or policy changes, then Bitcoin is still very likely to retest the target of $30,000 or even higher.
👉 Strategic advice: This trend is very suitable for fixed investment. A volatile market is a good opportunity to accumulate chips. Don’t panic just because of a drop in one or two days.
#比特币走势观察 #比特幣走勢分析
$BTC
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What is #UTXO ? 🔍 UTXO: #比特幣的核心運作基石 !
UTXO is the abbreviation of Unspent Transaction Output and is the basic model of #比特幣 blockchain operation.
You can think of it like your Bitcoin balance, but instead of being a number like a bank, it's made up of the unspent outputs from each transaction.
How do UTXOs work?
1️⃣ When you receive a Bitcoin transaction, it is a new UTXO.
2️⃣ When you send Bitcoin, the system uses these UTXOs as "inputs" and generates new "outputs".
3️⃣ The remaining change will automatically generate a new UTXO and return it to your address.
For example:
You have two unspent transactions of 0.5 BTC and 0.3 BTC. If you were to send 0.6 BTC, these two UTXOs would be used as inputs. The system generates a 0.6 BTC to the recipient, and the remaining 0.2 BTC is returned to your own address to form a new UTXO.
Advantages of UTXO:
🔒 Transparent and secure: Every UTXO can be traced to its source to avoid double-spend attacks.
⚡ Efficient processing: The UTXO model allows transactions to be processed in parallel, improving network efficiency.
📜 Clear records: The UTXO model makes the records of the entire blockchain clear and organized.
Differences from account model
Compared with blockchains such as Ethereum that use an "account model", the UTXO model is more like a cash transaction - each transaction has its own "change". The account model is more like a bank account, calculating the balance directly.
The future of the UTXO model?
With the development of Bitcoin, the characteristics of the UTXO model make it still highly competitive in terms of efficient processing, transparency and security. Not only Bitcoin, but also new blockchains like Cardano and some new blockchains adopt an improved version of the UTXO model.
If you don’t know what UTXO is yet, now is the time to learn more about this technology as it is the cornerstone of Bitcoin’s successful operation🚀
#BTC
$BTC
UTXO is the abbreviation of Unspent Transaction Output and is the basic model of #比特幣 blockchain operation.
You can think of it like your Bitcoin balance, but instead of being a number like a bank, it's made up of the unspent outputs from each transaction.
How do UTXOs work?
1️⃣ When you receive a Bitcoin transaction, it is a new UTXO.
2️⃣ When you send Bitcoin, the system uses these UTXOs as "inputs" and generates new "outputs".
3️⃣ The remaining change will automatically generate a new UTXO and return it to your address.
For example:
You have two unspent transactions of 0.5 BTC and 0.3 BTC. If you were to send 0.6 BTC, these two UTXOs would be used as inputs. The system generates a 0.6 BTC to the recipient, and the remaining 0.2 BTC is returned to your own address to form a new UTXO.
Advantages of UTXO:
🔒 Transparent and secure: Every UTXO can be traced to its source to avoid double-spend attacks.
⚡ Efficient processing: The UTXO model allows transactions to be processed in parallel, improving network efficiency.
📜 Clear records: The UTXO model makes the records of the entire blockchain clear and organized.
Differences from account model
Compared with blockchains such as Ethereum that use an "account model", the UTXO model is more like a cash transaction - each transaction has its own "change". The account model is more like a bank account, calculating the balance directly.
The future of the UTXO model?
With the development of Bitcoin, the characteristics of the UTXO model make it still highly competitive in terms of efficient processing, transparency and security. Not only Bitcoin, but also new blockchains like Cardano and some new blockchains adopt an improved version of the UTXO model.
If you don’t know what UTXO is yet, now is the time to learn more about this technology as it is the cornerstone of Bitcoin’s successful operation🚀
#BTC
$BTC
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If the Federal Reserve does not cut interest rates in January 2025, the U.S. stock market will continue to correct, and $BTC #比特幣 will also continue to fluctuate flat at 90000-100000
Binance News
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CME predicts that the probability of the Federal Reserve keeping interest rates unchanged in January next year is 88.8%
According to Jinshi Data, CME's "Federal Reserve Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged in January next year is 88.8%, and the probability of a 25 basis point rate cut is 11.2%.
By March next year, the probability of maintaining the current interest rate unchanged is 49.7%, the probability of a cumulative interest rate cut of 25 basis points is 45.3%, and the probability of a cumulative interest rate cut of 50 basis points is 4.9%.
By March next year, the probability of maintaining the current interest rate unchanged is 49.7%, the probability of a cumulative interest rate cut of 25 basis points is 45.3%, and the probability of a cumulative interest rate cut of 50 basis points is 4.9%.
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Self-reflection on the feelings and experiences from years in the cryptocurrency space #The Glorious Decade of Cryptocurrency
Self-reflection on the feelings and thoughts from years in the cryptocurrency space
After years of ups and downs in the cryptocurrency space, I’ve concluded that it’s best to hold mainstream currencies and do some medium to long-term arbitrage.
It was a pity to miss the 2U #BTC back then.
Later, when entering the market, I entered at the low point of the 2018 bear market, luckily buying at the 3-5000 range, and continuously buying below 10,000.
In 2022, during the bear market, I remained bullish and didn't exit, continuously buying the dip, even borrowing to go all in!
In the end, I was crushed by my own excessive financial leverage 🥲
But I don’t regret my wrong decisions and am determined to stay in the market.
I still remember 15k, a good friend messaging to ask: Bitcoin is a scam, a Ponzi scheme, you should stop playing.
After years of ups and downs in the cryptocurrency space, I’ve concluded that it’s best to hold mainstream currencies and do some medium to long-term arbitrage.
It was a pity to miss the 2U #BTC back then.
Later, when entering the market, I entered at the low point of the 2018 bear market, luckily buying at the 3-5000 range, and continuously buying below 10,000.
In 2022, during the bear market, I remained bullish and didn't exit, continuously buying the dip, even borrowing to go all in!
In the end, I was crushed by my own excessive financial leverage 🥲
But I don’t regret my wrong decisions and am determined to stay in the market.
I still remember 15k, a good friend messaging to ask: Bitcoin is a scam, a Ponzi scheme, you should stop playing.
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#微策略 (#MicroStrategy ) This wave of operations is getting more and more interesting! 📈
Michael Saylor has been posting tracker information on his Bitcoin holdings on Twitter for the eighth consecutive week. This move really seems to suggest that the next increase in holdings may be around the corner? 🎯
Micro-strategy has always been the "big whale" in the Bitcoin market. Every time they increase their holdings, the currency circle will set off a small climax. If they continue to buy this time, then market sentiment is likely to be boosted again. The key is, how much BTC will they buy this time? Is it just a few hundred like before, or is it more generous to increase the position? 💰
My view on this is that the actions of micro-strategies often have indicator significance, because behind each increase in their holdings, they may reflect long-term confidence in the market. If they really increase their holdings, it may stimulate a price rebound in the short term, but more importantly, their move may further consolidate Bitcoin's positioning as "digital gold."
So what do we do?
1️⃣ Observe whether the micro-strategy actually has news of increasing holdings, and pay attention to relevant data updates.
2️⃣ If the holding amount is large, the market may have a wave of sentiment, and you can consider short-term operations, but you must set a stop loss position.
3️⃣ Long-term players can watch the show calmly and regard this as an opportunity to strengthen their faith.
Finally, this wave of "continuous operations" by Michael Saylor is an indicator of market confidence and a reaffirmation of the value of Bitcoin! Do you think they will try again? You might as well chat in the comments🔥
#比特幣 #BTC增持
#本周微策略是否继续增持BTC？
$BTC
Michael Saylor has been posting tracker information on his Bitcoin holdings on Twitter for the eighth consecutive week. This move really seems to suggest that the next increase in holdings may be around the corner? 🎯
Micro-strategy has always been the "big whale" in the Bitcoin market. Every time they increase their holdings, the currency circle will set off a small climax. If they continue to buy this time, then market sentiment is likely to be boosted again. The key is, how much BTC will they buy this time? Is it just a few hundred like before, or is it more generous to increase the position? 💰
My view on this is that the actions of micro-strategies often have indicator significance, because behind each increase in their holdings, they may reflect long-term confidence in the market. If they really increase their holdings, it may stimulate a price rebound in the short term, but more importantly, their move may further consolidate Bitcoin's positioning as "digital gold."
So what do we do?
1️⃣ Observe whether the micro-strategy actually has news of increasing holdings, and pay attention to relevant data updates.
2️⃣ If the holding amount is large, the market may have a wave of sentiment, and you can consider short-term operations, but you must set a stop loss position.
3️⃣ Long-term players can watch the show calmly and regard this as an opportunity to strengthen their faith.
Finally, this wave of "continuous operations" by Michael Saylor is an indicator of market confidence and a reaffirmation of the value of Bitcoin! Do you think they will try again? You might as well chat in the comments🔥
#比特幣 #BTC增持
#本周微策略是否继续增持BTC？
$BTC
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Bitcoin mining difficulty hits a new high, what impact will this have on the market? 📈
According to CloverPool data, on 2024/12/30 at a block height of 876,960, BTC mining difficulty was increased by 1.16% to 109.78T, which is a historical high! This is a significant signal for miners and the market.
What does this mean:
1️⃣ Increased pressure on miners:
An increase in difficulty means more intense competition for hash power, leading to higher mining costs for miners, which may compress profits. This could prompt some high-cost miners to choose to sell coins to cope with cash flow pressures.
2️⃣ An indicator of market confidence:
The rise in mining difficulty reflects enhanced security of the entire network and signifies stable growth in hash power, which is often seen as an indicator of market confidence in Bitcoin's long-term value.
3️⃣ Limited supply pressure:
Even if there is selling pressure from miners in the short term, Bitcoin's supply is fixed, so in the medium to long term, prices are mainly driven by demand.
BTC's next trend:
🛡️ Short term:
There may be slight fluctuations, as the increased mining costs will affect some miners' behaviors, but with lower liquidity during the year-end holidays, prices may remain volatile.
🚀 Medium to long term:
The new high in mining difficulty symbolizes market confidence, especially in the context of an upcoming halving cycle. Historical data shows a certain correlation between the continuous rise in mining difficulty and increasing prices, and the bullish market expectation for 2025 remains promising.
Brothers, what do you think? Is it short-term pressure or long-term opportunity? Let's discuss in the comments!
#BTC挖礦難度 #比特幣 #加密市場 #牛市預期
#BTC挖矿难度创新高
$BTC
According to CloverPool data, on 2024/12/30 at a block height of 876,960, BTC mining difficulty was increased by 1.16% to 109.78T, which is a historical high! This is a significant signal for miners and the market.
What does this mean:
1️⃣ Increased pressure on miners:
An increase in difficulty means more intense competition for hash power, leading to higher mining costs for miners, which may compress profits. This could prompt some high-cost miners to choose to sell coins to cope with cash flow pressures.
2️⃣ An indicator of market confidence:
The rise in mining difficulty reflects enhanced security of the entire network and signifies stable growth in hash power, which is often seen as an indicator of market confidence in Bitcoin's long-term value.
3️⃣ Limited supply pressure:
Even if there is selling pressure from miners in the short term, Bitcoin's supply is fixed, so in the medium to long term, prices are mainly driven by demand.
BTC's next trend:
🛡️ Short term:
There may be slight fluctuations, as the increased mining costs will affect some miners' behaviors, but with lower liquidity during the year-end holidays, prices may remain volatile.
🚀 Medium to long term:
The new high in mining difficulty symbolizes market confidence, especially in the context of an upcoming halving cycle. Historical data shows a certain correlation between the continuous rise in mining difficulty and increasing prices, and the bullish market expectation for 2025 remains promising.
Brothers, what do you think? Is it short-term pressure or long-term opportunity? Let's discuss in the comments!
#BTC挖礦難度 #比特幣 #加密市場 #牛市預期
#BTC挖矿难度创新高
$BTC
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The recent volatility in the market has indeed left people feeling anxious👀
From the Federal Reserve's interest rate decisions to the 🐳 whale wallet activity, and then to regulatory pressures, this retracement of $BTC is the result of multiple factors resonating together. However, by seeing the situation clearly and maintaining a steady mindset, there are still opportunities to be found💪
⚡ Although the news from the Federal Reserve increases uncertainty, a slowdown in interest rates may lead to capital flowing back into the market.
🐳 The restart of the whale wallet has indeed raised concerns, but it may not necessarily be a signal to sell; it could just be a "false move."
📜 While regulatory pressure has increased, in the long run, it is beneficial for the healthy development of the market.
Looking ahead to #2025年 $BTC , institutional entry, global adoption, and deflation expectations will become important pillars supporting Bitcoin's rise🚀
The short-term volatility might be a good opportunity to get on board🤑
Is everyone still in panic? Or have they already made their moves?
#比特幣 #BTC #投資策略 #加密貨幣
From the Federal Reserve's interest rate decisions to the 🐳 whale wallet activity, and then to regulatory pressures, this retracement of $BTC is the result of multiple factors resonating together. However, by seeing the situation clearly and maintaining a steady mindset, there are still opportunities to be found💪
⚡ Although the news from the Federal Reserve increases uncertainty, a slowdown in interest rates may lead to capital flowing back into the market.
🐳 The restart of the whale wallet has indeed raised concerns, but it may not necessarily be a signal to sell; it could just be a "false move."
📜 While regulatory pressure has increased, in the long run, it is beneficial for the healthy development of the market.
Looking ahead to #2025年 $BTC , institutional entry, global adoption, and deflation expectations will become important pillars supporting Bitcoin's rise🚀
The short-term volatility might be a good opportunity to get on board🤑
Is everyone still in panic? Or have they already made their moves?
#比特幣 #BTC #投資策略 #加密貨幣
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Resistance is futile! #Trump's inauguration will be the beginning of the United States using reserves $BTC #比特幣 to hype and relieve physical national debt.
Binance News
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Analysts: Trump is expected to issue at least 25 executive orders on his first day in office, including cryptocurrency policies
According to Reuters, Michael Rosen, chief investment officer of Angeles Investments, said: "People hope that taxes and regulations will be lower or reduced next year, which will help support corporate profits, which are the main factor driving the market." In addition, Trump's inauguration on January 20 next year may also bring some surprises to the market. He is expected to issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocurrency policies.
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99Bitcoins pre-sale approaches $2 million milestone; BTC price surges above $70,000
As Bitcoin (BTC) surges towards the $70,000 mark, retail investors are flocking to 99Bitcoins’ BRC-20 token presale.
Bitcoin’s bull momentum has given a major boost to the pre-sale of 99 BTC tokens, bringing it closer to its $2 million target.
https://x.com/99BitcoinsHQ/status/1798268543009464457
The recent approval of spot Bitcoin ETFs in the United States and Hong Kong, combined with the Bitcoin halving event on April 20, has created the perfect storm for a Bitcoin bull run.
The combination of surging demand and reduced supply has pushed Bitcoin prices to new highs and increased interest in Bitcoin beta projects like 99Bitcoins.
As a result, the platform’s new 99BTC token pre-sale has exploded, raising over $1.9 million and quickly approaching the next milestone of $2 million — indicating that now is a good time for investors to get in.
BRC-20 Migration and Market Cap Potential
99Bitcoins’ BRC-20 pre-sale capitalizes on renewed interest in the market as surging Bitcoin prices drive demand for related projects. 99Bitcoins plans to migrate to the BRC-20 token standard in Q3 2024, further increasing its appeal.
Additionally, the 99BTC token offers the highest annual staking return in the crypto industry at 859%. This ultra-high return has attracted significant interest from retail investors seeking to capture high profits in the 2024 bull market environment.
You can take advantage of these great returns by simply purchasing 99Bitcoins. This allows you to stake your pre-sale tokens before 99BTC is listed.
However, this is just the beginning. Many analysts believe that 99BTC could reach a market cap of $100 million, while a series of high-profile DEX and CEX listings are planned for the third quarter of this year, which will lead to an inherent increase in the initial listing price.
Buy 99BTC here: https://cn.cryptonews.com/ext/99bitcoins-cn/
Original text: https://cn.cryptonews.com/news/99bitcoins-inches-closer-to-2-million-milestone-in-presale-as-btc-price-soars-above-70k.htm
#btc價格 #bitcoin #比特幣 #99bitcoins
As Bitcoin (BTC) surges towards the $70,000 mark, retail investors are flocking to 99Bitcoins’ BRC-20 token presale.
Bitcoin’s bull momentum has given a major boost to the pre-sale of 99 BTC tokens, bringing it closer to its $2 million target.
https://x.com/99BitcoinsHQ/status/1798268543009464457
The recent approval of spot Bitcoin ETFs in the United States and Hong Kong, combined with the Bitcoin halving event on April 20, has created the perfect storm for a Bitcoin bull run.
The combination of surging demand and reduced supply has pushed Bitcoin prices to new highs and increased interest in Bitcoin beta projects like 99Bitcoins.
As a result, the platform’s new 99BTC token pre-sale has exploded, raising over $1.9 million and quickly approaching the next milestone of $2 million — indicating that now is a good time for investors to get in.
BRC-20 Migration and Market Cap Potential
99Bitcoins’ BRC-20 pre-sale capitalizes on renewed interest in the market as surging Bitcoin prices drive demand for related projects. 99Bitcoins plans to migrate to the BRC-20 token standard in Q3 2024, further increasing its appeal.
Additionally, the 99BTC token offers the highest annual staking return in the crypto industry at 859%. This ultra-high return has attracted significant interest from retail investors seeking to capture high profits in the 2024 bull market environment.
You can take advantage of these great returns by simply purchasing 99Bitcoins. This allows you to stake your pre-sale tokens before 99BTC is listed.
However, this is just the beginning. Many analysts believe that 99BTC could reach a market cap of $100 million, while a series of high-profile DEX and CEX listings are planned for the third quarter of this year, which will lead to an inherent increase in the initial listing price.
Buy 99BTC here: https://cn.cryptonews.com/ext/99bitcoins-cn/
Original text: https://cn.cryptonews.com/news/99bitcoins-inches-closer-to-2-million-milestone-in-presale-as-btc-price-soars-above-70k.htm
#btc價格 #bitcoin #比特幣 #99bitcoins
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Bitcoin hits $70,000 again, Bitcoin spot ETF sees 15 consecutive days of net inflows
Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $105 million on June 3, marking the 15th consecutive day of net inflows for these ETFs.
Among Bitcoin spot ETFs, Fidelity ETF (FBTC) recorded significant inflows of $77,048,200, while Bitwise ETF (BITB) attracted $14,314,500 inflows.
In comparison, BlackRock’s iShares Bitcoin Trust reported zero inflows and outflows during the period.
Likewise, Grayscale’s Bitcoin Trust ETF (GBTC) observed net outflows of $0.00 per day.
Bitcoin hits $70,000
The continued net inflows into Bitcoin spot ETFs come as Bitcoin briefly topped the $70,000 mark on Monday, the first time it had reached such highs in a week.
However, the price fell back to its familiar trading range, continuing to move sideways.
At the time of writing, Bitcoin is trading around $69,000, up 2% in the past 24 hours.
Ethereum (ETH) remains relatively unchanged, hovering below $3,800.
Bitcoin and the overall cryptocurrency market have been in a consolidation phase for more than two months since it reached an all-time high of $73,000 in March.
Analysts at Bitfinex suggest that this correction phase appears to be coming to an end.
The selling of Bitcoin by long-term holders was a major factor in the correction from all-time highs.
However, blockchain data shows that these holders began accumulating Bitcoin again for the first time since December 2023.
Additionally, the number of new accumulation addresses for Bitcoin and Ethereum has been increasing over the past month.
Despite recent price stability, this trend indicates increasing investor bullishness. Bitfinex’s analysis cited data from CryptoQuant to support these observations.
Virtual asset products attract capital inflows
Digital asset investment products attracted $185 million in inflows last week, marking four consecutive weeks of positive investment trends.
In May, these products attracted a combined $2 billion in inflows, bringing year-to-date inflows to more than $15 billion, a record high.
Bitcoin ETFs have become one of the most successful ETF categories, with total assets reaching $58.5 billion.
The funds have experienced significant growth, benefiting from Bitcoin's fourfold increase in value since the beginning of last year.
Although Bitcoin ETFs have proven to be profitable investments, critics worry about whether the volatile digital asset is suitable for widespread adoption, even within an ETF structure.
Some countries, including Singapore and China, have imposed restrictions or outright bans on cryptocurrencies, highlighting the regulatory challenges facing these investment vehicles.
The positive momentum for cryptocurrency ETFs isn’t limited to Bitcoin.
Last week, the SEC also expressed its willingness to allow an ETF for Ethereum, the second-largest cryptocurrency by market capitalization.
On May 23, the SEC officially approved the 19b-4 applications of VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise to issue spot Ethereum ETFs.
Notably, several ETF issuers removed staking in the final amendments.
According to reports, analytics firm Kaiko said Grayscale’s upcoming spot Ethereum ETF may face significant outflows, which could average $110 million per day.
Meme Token Rising Star - PlayDoge
BONK has had a rough year, with many small-cap tokens outperforming in recent months. Traders looking for quick and significant gains can consider new options including pre-sale tokens.
One promising token is PlayDoge (PLAY), an Ethereum-based cryptocurrency that recently opened a presale and has raised $0.93 million against a target of $1.38 million. The appeal of PlayDoge is its Doge-themed Tamagotchi-style gameplay combined with a cryptocurrency earning mechanism. Players can breed, trade, and lead virtual Shiba Inu on missions to earn PLAY tokens with a total supply of 9.4 billion. The current pre-sale price is $0.00502 per token.
Funding raised: $0.93 million
Token supply: 9.4 billion PLAY
More game details will be announced soon, and interested users can participate in the pre-sale on the PlayDoge website. There are advantages to investing early as the pre-sale price increases at each stage, potentially leading to significant gains once the game is launched and listed on an exchange.
Participate in the groundbreaking PlayDoge pre-sale: https://cn.cryptonews.com/ext/playdoge-cn/
Original text: https://cn.cryptonews.com/news/bitcoin-spot-etfs-attract-another-105m-maintaining-15-consecutive-days-of-net-inflows.htm
#比特幣 #btc #bitcoin #比特幣現貨ETF #playdoge
Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $105 million on June 3, marking the 15th consecutive day of net inflows for these ETFs.
Among Bitcoin spot ETFs, Fidelity ETF (FBTC) recorded significant inflows of $77,048,200, while Bitwise ETF (BITB) attracted $14,314,500 inflows.
In comparison, BlackRock’s iShares Bitcoin Trust reported zero inflows and outflows during the period.
Likewise, Grayscale’s Bitcoin Trust ETF (GBTC) observed net outflows of $0.00 per day.
Bitcoin hits $70,000
The continued net inflows into Bitcoin spot ETFs come as Bitcoin briefly topped the $70,000 mark on Monday, the first time it had reached such highs in a week.
However, the price fell back to its familiar trading range, continuing to move sideways.
At the time of writing, Bitcoin is trading around $69,000, up 2% in the past 24 hours.
Ethereum (ETH) remains relatively unchanged, hovering below $3,800.
Bitcoin and the overall cryptocurrency market have been in a consolidation phase for more than two months since it reached an all-time high of $73,000 in March.
Analysts at Bitfinex suggest that this correction phase appears to be coming to an end.
The selling of Bitcoin by long-term holders was a major factor in the correction from all-time highs.
However, blockchain data shows that these holders began accumulating Bitcoin again for the first time since December 2023.
Additionally, the number of new accumulation addresses for Bitcoin and Ethereum has been increasing over the past month.
Despite recent price stability, this trend indicates increasing investor bullishness. Bitfinex’s analysis cited data from CryptoQuant to support these observations.
Virtual asset products attract capital inflows
Digital asset investment products attracted $185 million in inflows last week, marking four consecutive weeks of positive investment trends.
In May, these products attracted a combined $2 billion in inflows, bringing year-to-date inflows to more than $15 billion, a record high.
Bitcoin ETFs have become one of the most successful ETF categories, with total assets reaching $58.5 billion.
The funds have experienced significant growth, benefiting from Bitcoin's fourfold increase in value since the beginning of last year.
Although Bitcoin ETFs have proven to be profitable investments, critics worry about whether the volatile digital asset is suitable for widespread adoption, even within an ETF structure.
Some countries, including Singapore and China, have imposed restrictions or outright bans on cryptocurrencies, highlighting the regulatory challenges facing these investment vehicles.
The positive momentum for cryptocurrency ETFs isn’t limited to Bitcoin.
Last week, the SEC also expressed its willingness to allow an ETF for Ethereum, the second-largest cryptocurrency by market capitalization.
On May 23, the SEC officially approved the 19b-4 applications of VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise to issue spot Ethereum ETFs.
Notably, several ETF issuers removed staking in the final amendments.
According to reports, analytics firm Kaiko said Grayscale’s upcoming spot Ethereum ETF may face significant outflows, which could average $110 million per day.
Meme Token Rising Star - PlayDoge
BONK has had a rough year, with many small-cap tokens outperforming in recent months. Traders looking for quick and significant gains can consider new options including pre-sale tokens.
One promising token is PlayDoge (PLAY), an Ethereum-based cryptocurrency that recently opened a presale and has raised $0.93 million against a target of $1.38 million. The appeal of PlayDoge is its Doge-themed Tamagotchi-style gameplay combined with a cryptocurrency earning mechanism. Players can breed, trade, and lead virtual Shiba Inu on missions to earn PLAY tokens with a total supply of 9.4 billion. The current pre-sale price is $0.00502 per token.
Funding raised: $0.93 million
Token supply: 9.4 billion PLAY
More game details will be announced soon, and interested users can participate in the pre-sale on the PlayDoge website. There are advantages to investing early as the pre-sale price increases at each stage, potentially leading to significant gains once the game is launched and listed on an exchange.
Participate in the groundbreaking PlayDoge pre-sale: https://cn.cryptonews.com/ext/playdoge-cn/
Original text: https://cn.cryptonews.com/news/bitcoin-spot-etfs-attract-another-105m-maintaining-15-consecutive-days-of-net-inflows.htm
#比特幣 #btc #bitcoin #比特幣現貨ETF #playdoge
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bitinfocharts data shows that the total network hashrate of #比特幣 just reached a historical high on the 21st, but if #比特大陸 supply chain is interrupted, the mining machine inventory will be exhausted in the coming months, which will limit the growth of hashrate. In this situation, Bitcoin may benefit from reduced selling pressure from mining companies, forming a favorable condition, but it is expected that more mining company resources will shift towards the AI computing field. #台積電晶片被轉賣華為要斷貨 The United States requests TSMC to stop supplying chips indirectly several hands to Huawei is also not feasible #比特幣下跌原因之一 ? $BTC
$ETH
$BNB
$ETH
$BNB
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The United States is a federal system, once state governments begin to accumulate $BTC #比特幣 , #cryptocurrency reserve competition is inevitable.
Binance News
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Ohio Congressman proposes Bitcoin fund to combat dollar devaluation
According to WuSay, Ohio Congressman Derek Merrin introduced the (Ohio Bitcoin Reserve Act) on December 17.
The bill allows state treasurers to establish a Bitcoin fund and authorizes state treasurer officials to purchase Bitcoin, but does not require it.
Merrin pointed out that as the depreciation of the US dollar accelerates, the government needs to flexibly invest in Bitcoin to protect tax funds.
The bill allows state treasurers to establish a Bitcoin fund and authorizes state treasurer officials to purchase Bitcoin, but does not require it.
Merrin pointed out that as the depreciation of the US dollar accelerates, the government needs to flexibly invest in Bitcoin to protect tax funds.
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[The Truth Behind the Cryptocurrency Crash: Is It Panic or Opportunity Now?]
The recent cryptocurrency market has undoubtedly made many people feel the thrilling roller coaster ride once again. The value of mainstream currencies like Bitcoin and Ethereum has plummeted sharply, market sentiment has hit rock bottom, and investors are in a frenzy, with panic spreading everywhere. However, a significant drop does not mean one should lose hope! Are you ready to embrace the next rebound wave?
🌪️ Short-term volatility in the crypto market: a necessary correction
Cryptocurrencies are known for their high volatility; drastic fluctuations in the short term do not indicate a shaky market foundation. In fact, such adjustments are part of the market's 'cleansing' process, where many bubbles are squeezed out, and the strong become stronger. This is a normal phenomenon in most mature markets, and for long-term investors, it is merely the best opportunity to enter.
🌪️ Short-term volatility in the crypto market: a necessary correction
Cryptocurrencies are known for their high volatility; drastic fluctuations in the short term do not indicate a shaky market foundation. In fact, such adjustments are part of the market's 'cleansing' process, where many bubbles are squeezed out, and the strong become stronger. This is a normal phenomenon in most mature markets, and for long-term investors, it is merely the best opportunity to enter.
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Traders Bet on Trump Return Bitcoin Price Prediction: How High Can BTC Go?
Bitcoin prices have fallen to their lowest since late February, with on-chain analysts predicting a further 16% drop to $47,000. This prediction represents a 25% drop in the average short-term Bitcoin holder purchase price expected at this level. There will be significant selling from new entrants to the market. Bitcoin is currently trading at $56,374, down 20.73% over the past month, with analysts pointing out that such a pullback is long overdue.
This is similar to the 60% plunge in March 2020 during the COVID-19 scare. Furthermore, Joe Burnett, a former Blockware Solutions analyst and senior product marketing manager at Unchained, predicted that Bitcoin market conditions will only ease when the selling pressure from Mt. Gox and Germany subsides.
This is similar to the 60% plunge in March 2020 during the COVID-19 scare. Furthermore, Joe Burnett, a former Blockware Solutions analyst and senior product marketing manager at Unchained, predicted that Bitcoin market conditions will only ease when the selling pressure from Mt. Gox and Germany subsides.
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When the price of #比特幣 was at a high level, #李笑來 took action decisively. This decision allowed him to successfully exchange #10萬比特幣 for #135億的現金 , realizing his dream of getting rich overnight. His story, like a legend, inspires countless people to chase their dreams and bravely explore unknown areas. #btc
The male teacher who bought Bitcoin 13 years ago was laughed at for being stupid and rich
Li Xiaolai, the legendary figure in the Bitcoin world, is undoubtedly the biggest winner.
Once, he was just an ordinary English teacher in New Oriental, living a routine life, earning a fixed salary every day, and working hard for life. However, the turning point of fate often comes inadvertently. By chance, Li Xiaolai came into contact with Bitcoin, a mysterious virtual currency. After a deep understanding of the technology and concepts behind it, his heart was deeply touched, as if he saw a vast future. He keenly realized that this emerging virtual currency has unlimited prospects.
So, Li Xiaolai resolutely embarked on the road of Bitcoin investment. When the price of Bitcoin was low, he bought it crazily without hesitation. Every transaction carries his vision and expectation for the future. He carefully hoarded these Bitcoins, as if guarding precious treasures. During the days of waiting, he always paid attention to the dynamics of the market and analyzed various possible trends.
As the days passed, Li Xiaolai's persistence and hard work finally paid off. As the Bitcoin market heated up, the price soared. And the value of the Bitcoin in his hands continued to grow. This process was not smooth sailing, and the market fluctuations often made people terrified, but Li Xiaolai always maintained his confidence. He knew that success requires patience and courage.
Perhaps in the eyes of others, the profit from the price difference is not amazing, but Li Xiaolai understands the truth that a little accumulates into a lot. As he often said, "No matter how small a fly is, it is still meat." Every small gain is a step towards success. After a long time and unremitting efforts, the number of Bitcoins in his hands grew steadily and sharply like a snowball, and finally reached the amazing number of 100,000.
When the price of Bitcoin was high, Li Xiaolai made a decisive move. This decision allowed him to successfully exchange 100,000 Bitcoins for 13.5 billion in cash, realizing his ideal of becoming rich overnight. His story, like a legend, inspires countless people to pursue their dreams and bravely explore unknown areas.#WBTC #TON #BTC☀
Li Xiaolai, the legendary figure in the Bitcoin world, is undoubtedly the biggest winner.
Once, he was just an ordinary English teacher in New Oriental, living a routine life, earning a fixed salary every day, and working hard for life. However, the turning point of fate often comes inadvertently. By chance, Li Xiaolai came into contact with Bitcoin, a mysterious virtual currency. After a deep understanding of the technology and concepts behind it, his heart was deeply touched, as if he saw a vast future. He keenly realized that this emerging virtual currency has unlimited prospects.
So, Li Xiaolai resolutely embarked on the road of Bitcoin investment. When the price of Bitcoin was low, he bought it crazily without hesitation. Every transaction carries his vision and expectation for the future. He carefully hoarded these Bitcoins, as if guarding precious treasures. During the days of waiting, he always paid attention to the dynamics of the market and analyzed various possible trends.
As the days passed, Li Xiaolai's persistence and hard work finally paid off. As the Bitcoin market heated up, the price soared. And the value of the Bitcoin in his hands continued to grow. This process was not smooth sailing, and the market fluctuations often made people terrified, but Li Xiaolai always maintained his confidence. He knew that success requires patience and courage.
Perhaps in the eyes of others, the profit from the price difference is not amazing, but Li Xiaolai understands the truth that a little accumulates into a lot. As he often said, "No matter how small a fly is, it is still meat." Every small gain is a step towards success. After a long time and unremitting efforts, the number of Bitcoins in his hands grew steadily and sharply like a snowball, and finally reached the amazing number of 100,000.
When the price of Bitcoin was high, Li Xiaolai made a decisive move. This decision allowed him to successfully exchange 100,000 Bitcoins for 13.5 billion in cash, realizing his ideal of becoming rich overnight. His story, like a legend, inspires countless people to pursue their dreams and bravely explore unknown areas.#WBTC #TON #BTC☀
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🪵👩🏻🦳 Bid price 2030 #比特幣 $BTC rose to exchange rate one to one million to USD 🙄 Is it considered a #ChristmasGift blessing?
Binance News
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Cathie Wood predicts Bitcoin will become more scarce than gold due to institutional demand
According to Odaily Planet Daily, Ark Invest CEO Cathie Wood stated that, due to institutional demand, Bitcoin has become 'more scarce than gold.' She previously predicted that BTC would exceed $1 million by 2030.