BTC-ETF
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🔔 BREAKING: Ark Invest, Led by Cathie Wood, Acquires an Extra $21 Million in Bitcoin ETF!
Cathie Wood's Ark Invest is making waves in the bitcoin market! 🌐 This Monday, the firm upped the ante with a $21 million boost in its Ark 21Shares Bitcoin ETF (ARKB). This strategic move, facilitated by the Ark Next Generation ETF (ARKW), brings Ark Invest's total ARKB holdings to a staggering $64 million. Not stopping there, Ark Invest strategically shed 648,091 shares of the ProShares Bitcoin Strategy ETF, valued at nearly $12.85 million, aligning with their focus on expanding bitcoin-related investments post the SEC's approval of U.S. bitcoin-based spot ETFs. #BTC-ETF #ETF #BTC
🔔 BREAKING: Ark Invest, Led by Cathie Wood, Acquires an Extra $21 Million in Bitcoin ETF!
Cathie Wood's Ark Invest is making waves in the bitcoin market! 🌐 This Monday, the firm upped the ante with a $21 million boost in its Ark 21Shares Bitcoin ETF (ARKB). This strategic move, facilitated by the Ark Next Generation ETF (ARKW), brings Ark Invest's total ARKB holdings to a staggering $64 million. Not stopping there, Ark Invest strategically shed 648,091 shares of the ProShares Bitcoin Strategy ETF, valued at nearly $12.85 million, aligning with their focus on expanding bitcoin-related investments post the SEC's approval of U.S. bitcoin-based spot ETFs. #BTC-ETF #ETF #BTC
What happened in Crypto in the last 12h?
- FTX sold $1B GBTC
- Arthur Hayes "BTC 35K"
- $UMA Oval announcement
- $FIL Security Token Issues
- $RNDR RNP-008 $NOS
Coinbase lists $ONDO
- Bithumb will list $KAVA
- Zetachain Airdrop
• FTX sold about $1 billion of Grayscale's $GBTC since BTC ETF approval.
• Arthur Hayes predicted that BTC's decline until the 31 Jan US Treasury announcement.
• Today, $KAVA will be listed on the Bithumb KRW market.
• $ACE - ACE Arenas update is coming soon.
$ARKM- Arkham reveals on-chain locations for BTC ETFs from Blackrock, Fidelity, Bitwise, and Franklin Templeton.
• $FIL - In a Binance hearing, the US court inquired about the "boundaries of securities", and the SEC referenced Filecoin in response.
• $NPT - Neopin plans to launch 'NEOPIN Bridge', connecting Finschia with Klaytn by end of February.
$ONDO- Ondo Finance announces APAC expansion and $ONDO has been listed Coinbase.
$RNDR $NOS - Render Network announces RNP-008 proposal. RNP-008 is a partnership with @nosana_ci.
• $SHRAP - Shrapnel plans a pre-STX launch playtest session on Jan 25.
$UMA -UMA's founder Hart Lambur to announce Oval details Tuesday, 15:30 UTC.
• @zetablockchain Airdrop Pre-Claim is live. 31.5M $ZETA claiming will be live after the mainnet launch.
***
Please Like/Repost to support :)
Thanks for reading!
#BTC-ETF
#BTC
- FTX sold $1B GBTC
- Arthur Hayes "BTC 35K"
- $UMA Oval announcement
- $FIL Security Token Issues
- $RNDR RNP-008 $NOS
Coinbase lists $ONDO
- Bithumb will list $KAVA
- Zetachain Airdrop
• FTX sold about $1 billion of Grayscale's $GBTC since BTC ETF approval.
• Arthur Hayes predicted that BTC's decline until the 31 Jan US Treasury announcement.
• Today, $KAVA will be listed on the Bithumb KRW market.
• $ACE - ACE Arenas update is coming soon.
$ARKM- Arkham reveals on-chain locations for BTC ETFs from Blackrock, Fidelity, Bitwise, and Franklin Templeton.
• $FIL - In a Binance hearing, the US court inquired about the "boundaries of securities", and the SEC referenced Filecoin in response.
• $NPT - Neopin plans to launch 'NEOPIN Bridge', connecting Finschia with Klaytn by end of February.
$ONDO- Ondo Finance announces APAC expansion and $ONDO has been listed Coinbase.
$RNDR $NOS - Render Network announces RNP-008 proposal. RNP-008 is a partnership with @nosana_ci.
• $SHRAP - Shrapnel plans a pre-STX launch playtest session on Jan 25.
$UMA -UMA's founder Hart Lambur to announce Oval details Tuesday, 15:30 UTC.
• @zetablockchain Airdrop Pre-Claim is live. 31.5M $ZETA claiming will be live after the mainnet launch.
***
Please Like/Repost to support :)
Thanks for reading!
#BTC-ETF
#BTC
#BTC-ETF
New btc update
follow me on binance ffed for more signal like this.
signal type: LONG
Why do I think btc will pump from here
1. I can see btc is holding a support line as you can see that support line is strong. If btc breaks that support line it will dump hard
2. think btc will pump again 45K level because btc RSI is oversold at shorter timeframe
3. DXY is bearish so risky assets is bullish so btc is bullish.
my entry price- 40.3k
1st tp- 41.5K
2nd tp- 41.9K
3rd tp - 42.5K
New btc update
follow me on binance ffed for more signal like this.
signal type: LONG
Why do I think btc will pump from here
1. I can see btc is holding a support line as you can see that support line is strong. If btc breaks that support line it will dump hard
2. think btc will pump again 45K level because btc RSI is oversold at shorter timeframe
3. DXY is bearish so risky assets is bullish so btc is bullish.
my entry price- 40.3k
1st tp- 41.5K
2nd tp- 41.9K
3rd tp - 42.5K
I believe that if the monthly candle for Bitcoin closes at 45k or above, it will indicate the start of a bullish market. It's always a good idea to do your own research and stay informed about market trends. Keep an eye on the closing monthly candle and see how things unfold. Good luck! 🚀📈
My opinion is that btc will go easily at 45k in just 2 to 3 days
#BTC-ETF #bitcoin #BTC🔥🔥 #dyor
My opinion is that btc will go easily at 45k in just 2 to 3 days
#BTC-ETF #bitcoin #BTC🔥🔥 #dyor
Title: "Decoding the World of Cryptocurrency: A Comprehensive Overview"Cryptocurrency, a revolutionary form of digital or virtual currency, has disrupted traditional financial systems and sparked a global phenomenon. Here's a comprehensive exploration of the key aspects of this dynamic and decentralized financial landscape.
1. Origins and Blockchain Technology: Cryptocurrency emerged with the creation of Bitcoin in 2009 by the mysterious Satoshi Nakamoto. At its core is blockchain technology, a decentralized ledger that ensures transparency, security, and immutability of transactions.2. Key Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are among the most prominent cryptocurrencies. Each has unique features, use cases, and underlying technologies, contributing to the diversity of the crypto space.
3. Decentralization and Security: Unlike traditional banking systems, cryptocurrencies operate on a decentralized network, eliminating the need for intermediaries. This decentralization enhances security, as there is no central point of failure susceptible to hacking.
4. Smart Contracts and DApps: Ethereum introduced smart contracts, self-executing contracts with coded terms, enabling trustless and automated transactions. Decentralized Applications (DApps) leverage blockchain to create diverse applications, from finance to gaming.
5. Cryptocurrency Exchanges: Platforms like Coinbase, Binance, and Kraken facilitate the buying, selling, and trading of cryptocurrencies. Users can exchange fiat currencies for digital assets, contributing to the mainstream adoption of crypto.
6. Volatility and Investment Opportunities: The crypto market is known for its price volatility, presenting both risks and opportunities. While some view it as a speculative investment, others see the potential for long-term value and diversification.
Part 2 to follow
#Write2Earn #learner #BTC-ETF #LearnFromThePros #LearningCurve
1. Origins and Blockchain Technology: Cryptocurrency emerged with the creation of Bitcoin in 2009 by the mysterious Satoshi Nakamoto. At its core is blockchain technology, a decentralized ledger that ensures transparency, security, and immutability of transactions.2. Key Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are among the most prominent cryptocurrencies. Each has unique features, use cases, and underlying technologies, contributing to the diversity of the crypto space.
3. Decentralization and Security: Unlike traditional banking systems, cryptocurrencies operate on a decentralized network, eliminating the need for intermediaries. This decentralization enhances security, as there is no central point of failure susceptible to hacking.
4. Smart Contracts and DApps: Ethereum introduced smart contracts, self-executing contracts with coded terms, enabling trustless and automated transactions. Decentralized Applications (DApps) leverage blockchain to create diverse applications, from finance to gaming.
5. Cryptocurrency Exchanges: Platforms like Coinbase, Binance, and Kraken facilitate the buying, selling, and trading of cryptocurrencies. Users can exchange fiat currencies for digital assets, contributing to the mainstream adoption of crypto.
6. Volatility and Investment Opportunities: The crypto market is known for its price volatility, presenting both risks and opportunities. While some view it as a speculative investment, others see the potential for long-term value and diversification.
Part 2 to follow
#Write2Earn #learner #BTC-ETF #LearnFromThePros #LearningCurve
Bitcoin ETF Makes Waves: Volumes Surge $10 Billion 3 Days
Bitcoin Spot Exchange-Traded Funds (ETFs) have gained significant attention and have reached a total trading volume of $10 billion in the first three days of trading. Grayscale Bitcoin Trust (GBTC) has the highest trading volume, followed by iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). ARK's 21Shares ETF (ARKB) and Bitwise Bitcoin ETF (BTTB) also had substantial trading volumes. This surge in trading volume indicates growing comfort among institutional and individual investors in using traditional investment platforms to trade Bitcoin. Grayscale has experienced significant withdrawals, but still remains the top Bitcoin spot ETF. Bloomberg analyst Eric Balchunas predicts that BlackRock may overtake Grayscale in trading volume. The $10 billion trading volume of Bitcoin ETFs in the first three days is compared to the combined trading volume of 500 other ETFs launched in 2023. This demonstrates the strong performance of Bitcoin ETFs, with iShares Bitcoin Trust alone surpassing the entire class of 2023 ETFs. Acquiring trading volume is challenging and contributes to the lasting power of an ETF.
#BTC-ETF #BTCbitcoin
Bitcoin Spot Exchange-Traded Funds (ETFs) have gained significant attention and have reached a total trading volume of $10 billion in the first three days of trading. Grayscale Bitcoin Trust (GBTC) has the highest trading volume, followed by iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). ARK's 21Shares ETF (ARKB) and Bitwise Bitcoin ETF (BTTB) also had substantial trading volumes. This surge in trading volume indicates growing comfort among institutional and individual investors in using traditional investment platforms to trade Bitcoin. Grayscale has experienced significant withdrawals, but still remains the top Bitcoin spot ETF. Bloomberg analyst Eric Balchunas predicts that BlackRock may overtake Grayscale in trading volume. The $10 billion trading volume of Bitcoin ETFs in the first three days is compared to the combined trading volume of 500 other ETFs launched in 2023. This demonstrates the strong performance of Bitcoin ETFs, with iShares Bitcoin Trust alone surpassing the entire class of 2023 ETFs. Acquiring trading volume is challenging and contributes to the lasting power of an ETF.
#BTC-ETF #BTCbitcoin
#BTC-ETF We have to keep holding all our long term coins still the market bullish
LIVE
Coinpedia
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BTC Price Dip This Monday Warns a Crash to $38K
The post BTC Price Dip This Monday Warns A Crash To $38K appeared first on Coinpedia Fintech News
Starting the analysis on a bearish tone, Bitcoin starts the week with a quick drop of 1% at press time as the momentum releases. Following the days of consolidation, the BTC price fails to gain any positive influence from the S&P 500, reaching its all-time high in two years.
With the total crypto market cap at $1.573 trillion testing the 50-day EMA, Bitcoin shows intense bearish signals.
However, despite the sentiments turning lukewarm, the Bitcoin price prediction based on Halving and potential rate cuts are bullish.
Bitcoin Price Warns A Trendline Breakdown For A 6% Downside
Following a consolidating end to the bearish last week, the sellers are ready for high-activity moves this week. With a downfall of 1.08% at press time, the BTC price is testing the crucial support zone at the $41K mark.
Source – Tradingview
With the buyers already losing the 50-day EMA and the 23.60% Fibonacci level of the recent upswing, the sellers are dominating the short-term trend. Further, the rising intensity may soon result in a more severe pullback in BTC price, putting a dent in the higher low formation.
Speaking of, the ongoing battle for the upcoming trend depends on the support trendline in action. In confluence with the support zone, the marked trendline remains a crucial reversal spot for BTC price.
Option Data Suggests A Pivotal Juncture
With the open interest over all the exchanges for Bitcoin standing at $14.29 Billion, Coinglass shows Calls accounting for 208,692.47 BTC and Puts at 95,852.52 BTC. This gives a put-call ratio of less than 1, suggesting traders are interested in more call options.
However, the PCR ratio does not include the volumes of the contracts traded. Nevertheless, the volumes are also bullish, as per Coinglass, with 54.42% of the volume being calls.
The lack of clarity over the expiration dates questions the credibility of the above metrics and warns of an otherwise trend. Moreover, the PCR ratio can be a reversal sign as the market potentially signals an overbought phase.
At press time, the BTC price trades at $41,003, with an intraday candle teasing a breakdown rally.
Technical Indicators:
MACD Indicator: After the recent bearish crossover, the MACD and signal lines crossing under the halfway line. Hence, the momentum indicator warns of a declining trend in Bitcoin.
Will BTC Price HODL The Fort At $40K?
As the sentiments crisis grows heavier, the crucial support zone at the $41K mark is beginning to bend. However, the breakdown will be the definite selling signal for sideline traders. In such a case, a crash in BTC price expected to reach the 38.20% Fibonacci level at $38,642.
On the flip side, a bullish reversal can result in a bounce back to the overhead resistance at $46,758.
Starting the analysis on a bearish tone, Bitcoin starts the week with a quick drop of 1% at press time as the momentum releases. Following the days of consolidation, the BTC price fails to gain any positive influence from the S&P 500, reaching its all-time high in two years.
With the total crypto market cap at $1.573 trillion testing the 50-day EMA, Bitcoin shows intense bearish signals.
However, despite the sentiments turning lukewarm, the Bitcoin price prediction based on Halving and potential rate cuts are bullish.
Bitcoin Price Warns A Trendline Breakdown For A 6% Downside
Following a consolidating end to the bearish last week, the sellers are ready for high-activity moves this week. With a downfall of 1.08% at press time, the BTC price is testing the crucial support zone at the $41K mark.
Source – Tradingview
With the buyers already losing the 50-day EMA and the 23.60% Fibonacci level of the recent upswing, the sellers are dominating the short-term trend. Further, the rising intensity may soon result in a more severe pullback in BTC price, putting a dent in the higher low formation.
Speaking of, the ongoing battle for the upcoming trend depends on the support trendline in action. In confluence with the support zone, the marked trendline remains a crucial reversal spot for BTC price.
Option Data Suggests A Pivotal Juncture
With the open interest over all the exchanges for Bitcoin standing at $14.29 Billion, Coinglass shows Calls accounting for 208,692.47 BTC and Puts at 95,852.52 BTC. This gives a put-call ratio of less than 1, suggesting traders are interested in more call options.
However, the PCR ratio does not include the volumes of the contracts traded. Nevertheless, the volumes are also bullish, as per Coinglass, with 54.42% of the volume being calls.
The lack of clarity over the expiration dates questions the credibility of the above metrics and warns of an otherwise trend. Moreover, the PCR ratio can be a reversal sign as the market potentially signals an overbought phase.
At press time, the BTC price trades at $41,003, with an intraday candle teasing a breakdown rally.
Technical Indicators:
MACD Indicator: After the recent bearish crossover, the MACD and signal lines crossing under the halfway line. Hence, the momentum indicator warns of a declining trend in Bitcoin.
Will BTC Price HODL The Fort At $40K?
As the sentiments crisis grows heavier, the crucial support zone at the $41K mark is beginning to bend. However, the breakdown will be the definite selling signal for sideline traders. In such a case, a crash in BTC price expected to reach the 38.20% Fibonacci level at $38,642.
On the flip side, a bullish reversal can result in a bounce back to the overhead resistance at $46,758.
The UN took a swipe (https://www.ft.com/content/78c6ea20-5e9d-40ba-867f-1e0431ebb710) at the USDT, calling stablecoin the main currency of fraudsters and drug traffickers. Apparently, the UN has already solved all the problems in the world, now we can regulate cryptocurrencies 🪀
CoinShares recorded (https://blog.coinshares.com/volume-165-digital-asset-fund-flows-weekly-report-32a1e5e9e197) record inflows into crypto funds last week - $1.18 billion, due to the launch of the BTC ETF. They need to tally an even bigger amount this week, or else disappointment will peek into the market 🔪
Overnight, unknown people tried to send (https://twitter.com/paoloardoino/status/1746625178845471112) non-existent 25 billion XRP to Bitfinex and 58.9 billion XRP to Binance. Hackers tried to abuse the partial payments feature, but they failed 😈
The wallet of an Ethereum ICO participant who bought (https://twitter.com/whale_alert/status/1746598091749208325) 200 ETH in 2015 at $0.31 per coin has woken up ✨
#BTC-ETF. #BTC-ETF #ETFApprovalDreams #CryptoPredictions2024
CoinShares recorded (https://blog.coinshares.com/volume-165-digital-asset-fund-flows-weekly-report-32a1e5e9e197) record inflows into crypto funds last week - $1.18 billion, due to the launch of the BTC ETF. They need to tally an even bigger amount this week, or else disappointment will peek into the market 🔪
Overnight, unknown people tried to send (https://twitter.com/paoloardoino/status/1746625178845471112) non-existent 25 billion XRP to Bitfinex and 58.9 billion XRP to Binance. Hackers tried to abuse the partial payments feature, but they failed 😈
The wallet of an Ethereum ICO participant who bought (https://twitter.com/whale_alert/status/1746598091749208325) 200 ETH in 2015 at $0.31 per coin has woken up ✨
#BTC-ETF. #BTC-ETF #ETFApprovalDreams #CryptoPredictions2024
LIVEtraders 52
--
Bearish
Free signal
✅Sell Btc
43400-43600-44000
Targets-43000-42800-42600-42400
✅Stoploos- 44555
Leverage 10x
Riski trade
#Write2Earn: #Write2Earn. #sui #Write2Earn #BTC🔥🔥 $BTC
✅Sell Btc
43400-43600-44000
Targets-43000-42800-42600-42400
✅Stoploos- 44555
Leverage 10x
Riski trade
#Write2Earn: #Write2Earn. #sui #Write2Earn #BTC🔥🔥 $BTC
🌐 Unlocking the Mystery: Bitcoin ETFs Demystified! 🚀
"A Bitcoin ETF is a trading product. You purchase it with fiat to earn fiat. It is not Bitcoin." – BitMEX founder
Ever wondered about the ins and outs of Bitcoin ETFs? 💭
Let's dive into the world of trading products and explore the dynamics. What's your take on Bitcoin ETFs?
Like, Share and Follow @MemeLauncher
Share your thoughts below! 👇 #BitcoinETF #CryptoInsights #BTC #BITCOIN #BTC-ETF
"A Bitcoin ETF is a trading product. You purchase it with fiat to earn fiat. It is not Bitcoin." – BitMEX founder
Ever wondered about the ins and outs of Bitcoin ETFs? 💭
Let's dive into the world of trading products and explore the dynamics. What's your take on Bitcoin ETFs?
Like, Share and Follow @MemeLauncher
Share your thoughts below! 👇 #BitcoinETF #CryptoInsights #BTC #BITCOIN #BTC-ETF
Bitcoin this is the clear picture✅
Price first trapped long and now pruce traped shorts.Soon we are going to see price testing 45k zone soon.✅We will share a long call on pullback🔥
#BTCto40k #BTC-ETF #BTCSpotETF #WIFIMAP #Write2Earn:#Write2EarnPost
Price first trapped long and now pruce traped shorts.Soon we are going to see price testing 45k zone soon.✅We will share a long call on pullback🔥
#BTCto40k #BTC-ETF #BTCSpotETF #WIFIMAP #Write2Earn:#Write2EarnPost
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Follow these steps :
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3. Complete KYC verification steps 1 and 2.
4. Add your BNB Smart Chain address.
5. Click on the mining button once every 24 hours.
And all set to earn passive income with ICE! 🚀💰 #sui #TradeNTell #ETH-ETF #BTC-ETF #ALT
Follow these steps :
1. Copy and paste this link in your browser to join: [https://ice.io/@dami.tall8]
2. Download the app given there.
3. Complete KYC verification steps 1 and 2.
4. Add your BNB Smart Chain address.
5. Click on the mining button once every 24 hours.
And all set to earn passive income with ICE! 🚀💰 #sui #TradeNTell #ETH-ETF #BTC-ETF #ALT
The most significant bitcoin transfer occurred on April 10, 2020, involving 161,500
BTC valued at approximately $1.1 billion.🚀
In November 2023, a record-breaking $3.1 million transaction fee was paid for a bitcoin transfer, marking the highest fee to date.😇
Interestingly, the largest bitcoin transaction in terms of total BTC occurred in 2011 when 500,000 bitcoins were transferred on November 16, 2011, during a time when the bitcoin price was considerably lower. #BTC-ETF #Launchpool
BTC valued at approximately $1.1 billion.🚀
In November 2023, a record-breaking $3.1 million transaction fee was paid for a bitcoin transfer, marking the highest fee to date.😇
Interestingly, the largest bitcoin transaction in terms of total BTC occurred in 2011 when 500,000 bitcoins were transferred on November 16, 2011, during a time when the bitcoin price was considerably lower. #BTC-ETF #Launchpool
,🤠Experience the excitement of winning big with Binance's invitation to join the thrill for just $1 USDT! ,💰
Take a chance to win an impressive 500 USDT by participating in the $1 game in the payment section. 💳
Alpha Fam, seize the opportunity now as only 1 day is needed to claim your shot at winning $500 USDT! 🔥
Test your luck and immerse yourself in the excitement with #BTC-ETF #Launchpo Your chance is ready and waiting!
Take a chance to win an impressive 500 USDT by participating in the $1 game in the payment section. 💳
Alpha Fam, seize the opportunity now as only 1 day is needed to claim your shot at winning $500 USDT! 🔥
Test your luck and immerse yourself in the excitement with #BTC-ETF #Launchpo Your chance is ready and waiting!
Bitcoin Analysis: Ethereum Price Rises Above $2,300, Solana (SOL) Breaks $100, PENDLE And SUI Steal
Bitcoin price has finally broken above the short timeframe resistance of $42,500. This resulted in a strong surge in Ethereum price, and the smart contract digital asset rose above $2,300. On Tuesday, ETH price stood at $2,320 during its Asian session.
As mentioned in my previous analysis, the $42,500 price level was the middle of the current trading range of BTC, which the bulls have now cleared. Consequently, traders are now expecting the price to target $44,500 soon.
Following the positive price action of Bitcoin and Ethereum, many altcoins also soared to their fresh two-week highs on Monday. SUI and PENDLE were probably the pick of the altcoins as they experienced a substantial increase in trading volume. SUI price ascended to $1.65, the highest level since its launch in May 2023.
PENDLE Hits A New All-Time High
The price action of PENDLE was even more bullish as the altcoin surged to a new all-time high of $2.70. The ongoing bullishness in PENDLE is supported by an exponential increase in the total locked value of the Pendle Finance DeFi protocol.
Considering the bullish market structure and the improving sentiment around the altcoins, the uptrend will likely continue. However, a breakdown below $2.24 support would invalidate this outlook.
Latest Ethereum (ETH) Technical Analysis
The ETH/BTC pair has now seen 11 consecutive days of downtrend. This shows that the biggest smart contract cryptocurrency is constantly losing its strength against Bitcoin. However, the ETH to USD price has significantly recovered from the lows. The latest technical analysis puts the Ethereum price target of $2,400 on the cards.
This target might be hit in the coming days if the BTC price remains stable. In case of a pullback in Bitcoin, ETH will also likely drop from its current levels. The following chart shows that ETH/USDT has been trading within a specific range for the most time since the start of December 2023.
Conclusion
The recovery rally in cryptocurrencies seems to be gaining momentum. This bullishness is fuelled by the decreasing outflows from the GBTC Bitcoin ETF and the increasing inflows in the other Bitcoin ETFs. The recent reports indicate that BlackRock’s spot Bitcoin ETF has already accrued $2 billion of AUM. This shows that the demand for the pioneering cryptocurrency is increasing among the institutional players.
#Bitcoin #BTC-ETF #BTC🔥🔥
As mentioned in my previous analysis, the $42,500 price level was the middle of the current trading range of BTC, which the bulls have now cleared. Consequently, traders are now expecting the price to target $44,500 soon.
Following the positive price action of Bitcoin and Ethereum, many altcoins also soared to their fresh two-week highs on Monday. SUI and PENDLE were probably the pick of the altcoins as they experienced a substantial increase in trading volume. SUI price ascended to $1.65, the highest level since its launch in May 2023.
PENDLE Hits A New All-Time High
The price action of PENDLE was even more bullish as the altcoin surged to a new all-time high of $2.70. The ongoing bullishness in PENDLE is supported by an exponential increase in the total locked value of the Pendle Finance DeFi protocol.
Considering the bullish market structure and the improving sentiment around the altcoins, the uptrend will likely continue. However, a breakdown below $2.24 support would invalidate this outlook.
Latest Ethereum (ETH) Technical Analysis
The ETH/BTC pair has now seen 11 consecutive days of downtrend. This shows that the biggest smart contract cryptocurrency is constantly losing its strength against Bitcoin. However, the ETH to USD price has significantly recovered from the lows. The latest technical analysis puts the Ethereum price target of $2,400 on the cards.
This target might be hit in the coming days if the BTC price remains stable. In case of a pullback in Bitcoin, ETH will also likely drop from its current levels. The following chart shows that ETH/USDT has been trading within a specific range for the most time since the start of December 2023.
Conclusion
The recovery rally in cryptocurrencies seems to be gaining momentum. This bullishness is fuelled by the decreasing outflows from the GBTC Bitcoin ETF and the increasing inflows in the other Bitcoin ETFs. The recent reports indicate that BlackRock’s spot Bitcoin ETF has already accrued $2 billion of AUM. This shows that the demand for the pioneering cryptocurrency is increasing among the institutional players.
#Bitcoin #BTC-ETF #BTC🔥🔥
Understanding Bitcoin ETFs and related concepts can enhance crypto exchange companies in several ways:
1. Diversification of Offerings: Integrating Bitcoin ETFs broadens the range of investment products available on the exchange, catering to a wider audience with varying risk appetites and investment preferences.
2. Increased Liquidity: Bitcoin ETFs are generally more liquid than owning actual Bitcoin. By providing these investment options, exchanges can attract more traders and investors, contributing to increased liquidity in the market.
3. Accessibility for Traditional Investors: Traditional investors who are familiar with ETFs may find it more convenient to enter the crypto market through Bitcoin ETFs on a crypto exchange. This can bridge the gap between traditional finance and the crypto space.
4. Reduced Barriers to Entry: Investing in Bitcoin ETFs eliminates the need for users to navigate the complexities of owning and storing cryptocurrencies. This simplification can attract new users who might have been hesitant to engage in crypto trading.
5. Market Education: By offering Bitcoin ETFs, exchanges contribute to educating their user base about different investment instruments in the crypto space, fostering a better-informed and engaged community.
6. Adaptation to Market Trends: Embracing financial instruments like Bitcoin ETFs demonstrates the exchange's ability to adapt to market trends and provide users with contemporary investment options, enhancing its competitiveness.
#ETFApproved #BTC-ETF. #BTC-ETF #cryptocurrecny
1. Diversification of Offerings: Integrating Bitcoin ETFs broadens the range of investment products available on the exchange, catering to a wider audience with varying risk appetites and investment preferences.
2. Increased Liquidity: Bitcoin ETFs are generally more liquid than owning actual Bitcoin. By providing these investment options, exchanges can attract more traders and investors, contributing to increased liquidity in the market.
3. Accessibility for Traditional Investors: Traditional investors who are familiar with ETFs may find it more convenient to enter the crypto market through Bitcoin ETFs on a crypto exchange. This can bridge the gap between traditional finance and the crypto space.
4. Reduced Barriers to Entry: Investing in Bitcoin ETFs eliminates the need for users to navigate the complexities of owning and storing cryptocurrencies. This simplification can attract new users who might have been hesitant to engage in crypto trading.
5. Market Education: By offering Bitcoin ETFs, exchanges contribute to educating their user base about different investment instruments in the crypto space, fostering a better-informed and engaged community.
6. Adaptation to Market Trends: Embracing financial instruments like Bitcoin ETFs demonstrates the exchange's ability to adapt to market trends and provide users with contemporary investment options, enhancing its competitiveness.
#ETFApproved #BTC-ETF. #BTC-ETF #cryptocurrecny
Rich Dad, Poor Dad author: " $BTC Bitcoin is protection against the theft of our wealth via our money. That is why I save in $BTC , not stocks and fake dollars." 🔥
#Write2Earn #BTC #BTC-ETF #bitcoin #BitcoinETF💰💰💰
#Write2Earn #BTC #BTC-ETF #bitcoin #BitcoinETF💰💰💰
