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Digital Asset Investment Products Witness $2 Billion Inflow Last Week
According to CoinShares' latest report, digital asset investment products saw a $2 billion inflow last week, bringing the total to $4.3 billion over the past five weeks. Additionally, Exchange Traded Products (ETP) volumes rose to $12.8 billion, a 55% increase from the previous week. This surge reflects growing investor interest and confidence in digital assets, suggesting a positive market outlook and increasing acceptance of digital assets as a viable investment.
According to CoinShares' latest report, digital asset investment products saw a $2 billion inflow last week, bringing the total to $4.3 billion over the past five weeks. Additionally, Exchange Traded Products (ETP) volumes rose to $12.8 billion, a 55% increase from the previous week. This surge reflects growing investor interest and confidence in digital assets, suggesting a positive market outlook and increasing acceptance of digital assets as a viable investment.
#snx/usdt is facing an ascending support from the channel👀
The bounce from this support is expected with a bullish wave of 3-4x in the midterm🚀
$SNX
The bounce from this support is expected with a bullish wave of 3-4x in the midterm🚀
$SNX
#scrt/usdt
A falling wedge pattern has formed on the 12-hour chart💁♂️
$SCRT is likely to bounce back from support📈
If a successful breakout occurs, a bullish move of around 359% is anticipated👨💻
The key level to watch is the support level of the falling wedge
$SCRT
A falling wedge pattern has formed on the 12-hour chart💁♂️
$SCRT is likely to bounce back from support📈
If a successful breakout occurs, a bullish move of around 359% is anticipated👨💻
The key level to watch is the support level of the falling wedge
$SCRT
#AUDIO/USDT
A symmetrical triangle pattern has formed💁♂️
In case of a successful bullish breakout, an upside move between 300% and 400% is projected📈
$AUDIO
A symmetrical triangle pattern has formed💁♂️
In case of a successful bullish breakout, an upside move between 300% and 400% is projected📈
$AUDIO
Today, XTZ is steady around $0.80 and appears strong. The next target is $1.53, but if it drops, $0.71 should provide support. Let's hope $Bitcoin stays bullish!
Binance has reached 200 million users, a significant milestone, showing its large share among those familiar with cryptocurrency.
Personally, I consider Binance the top centralized exchange (CEX) because they consistently prioritize their users. Whenever I've had issues, their customer service has always been extremely helpful and resolved my problems promptly.
#Binance200M
Personally, I consider Binance the top centralized exchange (CEX) because they consistently prioritize their users. Whenever I've had issues, their customer service has always been extremely helpful and resolved my problems promptly.
#Binance200M
Massive Liquidations Impact DOGE, PEPE, and WIF as Crypto Market Declines
The broader cryptocurrency market is experiencing a significant decline, heavily affecting top #meme coins. At the moment, total liquidations in the market have reached $413.85 million, according to CoinGlass.
Over the past 24 hours, meme coins like #Dogecoin (DOGE) #PEPE and #Dogwifhat (WIF) have seen substantial liquidations due to falling prices. PEPE has been hit the hardest, with $9.33 million in liquidations, equating to 729.5 billion PEPE tokens. Long traders have suffered the most from this.
Dogecoin (DOGE) follows with $8.27 million in liquidations, which means 56.9 million DOGE tokens were wiped out from the futures and derivatives markets overnight. Dogwifhat has also seen significant losses, with $4.14 million liquidated.
These liquidations are due to the significant price drops: Dogecoin is down 9.57%, PEPE has dropped 11.28%, and WIF has decreased by 18.33%. Other meme coins like ShibaInu and FLOKI have also faced losses, down 8.11% and 11.72%, respectively.
Despite this major dip, there is a chance for a strong rebound in the coming days or weeks. Some of these meme coins are already showing positive developments that could lead to an impressive price recovery soon.
Over the past 24 hours, meme coins like #Dogecoin (DOGE) #PEPE and #Dogwifhat (WIF) have seen substantial liquidations due to falling prices. PEPE has been hit the hardest, with $9.33 million in liquidations, equating to 729.5 billion PEPE tokens. Long traders have suffered the most from this.
Dogecoin (DOGE) follows with $8.27 million in liquidations, which means 56.9 million DOGE tokens were wiped out from the futures and derivatives markets overnight. Dogwifhat has also seen significant losses, with $4.14 million liquidated.
These liquidations are due to the significant price drops: Dogecoin is down 9.57%, PEPE has dropped 11.28%, and WIF has decreased by 18.33%. Other meme coins like ShibaInu and FLOKI have also faced losses, down 8.11% and 11.72%, respectively.
Despite this major dip, there is a chance for a strong rebound in the coming days or weeks. Some of these meme coins are already showing positive developments that could lead to an impressive price recovery soon.
The global cryptocurrency market cap is at $2.64 trillion, up 4.27% over the last day, according to Coin Market Cap. #Bitcoin (BTC) has traded between $69,130 and $69,515 in the past 24 hours and is currently at $69,360, down 0.13% as of 09:30 AM (UTC). Major cryptocurrencies are mixed, with top performers being #People #BICO and #ORNOB up 23%, 16%, and 13%, respectively.
The CEO of Ripple anticipates that the SEC will grant approval for a spot XRP ETF in the upcoming year. Exciting times Ahead!
#ETFEthereum #altcoins
#ETFEthereum #altcoins
According to Odaily, Seraphim, the growth head at Ethena Labs, shared on platform X that the Aave protocol is close to hitting its USDe lending limit. It's just $20 million away from reaching the cap. This news shows how popular Aave has become for digital lending. People are eager to borrow USDe through the Aave protocol, which is driving up demand. But it also raises concerns about whether $AAVE can handle such high lending volumes and if it needs to increase its limit in the future. Aave is a major player in decentralized finance (DeFi), offering a platform for lending and borrowing cryptocurrencies. The nearing of the USDe lending limit is a significant milestone for both Aave and the wider DeFi sector.
#BTC #bitcoin #ETHETFsApproved
#BTC #bitcoin #ETHETFsApproved
Bitcoin's Strong Support Zone Crucial for Maintaining Upward Momentum
As per Odaily, blockchain analyst Ali on platform X mentioned that Bitcoin has solid support between $67,350 and $69,380. About 1.97 million addresses hold 964,000 Bitcoins within this zone. Keeping this support level intact is vital for Bitcoin's upward trend to continue. Ali's analysis sheds light on the significance of this support zone for Bitcoin's growth potential.
$BTC
As per Odaily, blockchain analyst Ali on platform X mentioned that Bitcoin has solid support between $67,350 and $69,380. About 1.97 million addresses hold 964,000 Bitcoins within this zone. Keeping this support level intact is vital for Bitcoin's upward trend to continue. Ali's analysis sheds light on the significance of this support zone for Bitcoin's growth potential.
$BTC
$BICO is finding support at $0.50 and rallying with a big surge in trading volume. It seems like we might hit our next target of $1.08 sooner than we thought, if Bitcoin keeps going strong.
$BTC is taking a support at the horizontal support zone of the ascending triangle. If it continues to trade within the triangle it breaks the resistance.
A successful breakout above the triangle would serve as a bullish confirmation, potentially signaling the continuation of Bitcoin's upward trend. Conversely, a breakdown below the support trendline could lead to a further market correction.
A successful breakout above the triangle would serve as a bullish confirmation, potentially signaling the continuation of Bitcoin's upward trend. Conversely, a breakdown below the support trendline could lead to a further market correction.
$STX is doing well today. It found support at $2 and is now aiming to hit $3.50. This might boost Bitcoin too since STX is part of its ecosystem. In the recent rally, it grew by 570%.
$HOT has confirmed a big breakout from 0.0025. Now, it's aiming to reach 0.0058 soon. I hope Bitcoin stays steady. Last time, it gained 410%.
Many South Korean crypto exchanges, about 70%, are unable to give back customers' money if they shut down. This problem shows a big issue in the industry and leaves investors without their funds. To fix this, stronger rules and careful checks are necessary.
#BTC #bitcoin #ETHETFsApproved
#BTC #bitcoin #ETHETFsApproved
