Bitcoin Flirts With $70,000 After $2.4 Billion Inflow Into ETFs
US spot-Bitcoin ETFs lured almost $2.4 billion of net inflows in the six days through Oct. 18, data compiled by Bloomberg show, partly on bets that US crypto rules will become friendlier after the Nov. 5. Bitcoin climbed nearly 10% in the seven days through Sunday, the original cryptocurrencyâs best weekly performance in more than a month. ETF demand helped the token reach a record high of $73,798 in March. The rally cooled and Bitcoin last traded above $70,000 back in June.#UptoberBTC70K? #BTCSoarsTo68K #USStockEarningsSeason $BTC
BITCOIN TO SOAR TO 100K Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity and supply constraints from the bitcoin halving, he predicts a rapid surge is imminent.$BTC #BTCSoarsTo68K $BTC $
Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binanceâs goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access to the global digital economy. Users in Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal can now purchase cryptocurrency directly through mobile money services via local partnerships. This move aligns with Binanceâs efforts to expand financial inclusion and access to the digital economy across Africa. This expansion builds on Binanceâs One Click Buy and Sell (OCBS) service, launched in Africa in August, allowing users in Ghana, Tanzania, Uganda, and Zambia to trade cryptocurrencies through mobile money accounts.
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
Understanding crypto currency
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security, making it difficult to counterfeit or manipulate. Unlike traditional currencies (like dollars or euros), cryptocurrencies are decentralized, meaning they operate on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. This decentralization means that cryptocurrencies are not controlled by any central authority, like a government or bank.
Key features of cryptocurrencies include:
Decentralization: Most cryptocurrencies are not controlled by a central authority, making them more resistant to censorship and manipulation. Blockchain Technology: A blockchain is a secure, transparent ledger that records all transactions made with a cryptocurrency. It ensures that the same coin cannot be used more than once (double-spending). Security: Cryptocurrencies rely on cryptographic techniques for secure transactions and to control the creation of new units. Digital Nature: Cryptocurrencies exist only in digital form. There are no physical coins or bills. Some popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Each of these has unique features and serves different purposes, from being a digital currency to providing platforms for smart contracts and decentralized applications.