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Bitcoin eyes $50,000 target amid strong ETF inflows #Write2Earn Spot Bitcoin funds hold a combined 216,309 Bitcoin within a month of trading, outpacing MicroStrategy’s holdings Bitcoin (BTC) is on the brink of breaching the $50,000 threshold as bullish momentum continues to build up amid substantial inflows into spot Bitcoin exchange-traded funds (ETFs). According to data from BitMEX Research, spot Bitcoin ETF net inflows surged from around $68 million at the start of the week to $541 million on Friday, marking the largest influx since the second trading 6 still leads the pack, ending the week with over $250 million in net inflows. Fidelity and ARK Invest are not far behind, with around $188 million and $136 million in net inflows, respectively. The Grayscale ETF experienced a record low, with over $51 million in a single-day net outflow. Fund flows are a vital indicator of investor sentiment and behavior. In general, when investors pour money into funds, it indicates optimism about future profits. On the other hand, when investors withdraw their money, it often signals increasing caution or concern. Strong inflows can drive up prices as increased demand attracts more investors. This can lead to a positive feedback loop, where rising prices draw in even more investment, further boosting prices. Spot Bitcoin ETFs have now amassed over $10 billion in assets under management, with BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund leading the charge, each managing over $3 billion in BTC, as reported by HODL15Capital Bitcoin’s price moved in the same direction with strong ETF inflows and performance. On February 9, the week’s final trading day, the price soared to $48,200, up almost 6% in seven days. This positive trajectory suggests that Bitcoin’s push towards the $50,000 mark is increasingly viable in the near future with strong, persistent spot Bitcoin ETF performance. #Write2Earn #TrendingTopic #BTC $BTC

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Grok AI predicts Ethereum price for the end of 2024 #Write2Earn Ethereum (ETH) is the second-largest cryptocurrency by market cap and a leader in its Web3 and decentralized finance (DeFi) niche. Up nearly 100% in 2023, ETH investors now turn their eyes to the token’s performance in 2024. In particular, Finbold recurred to Grok’s AI for insights on the price of Ethereum for the end of the year. Grok is an artificial intelligence model developed by xAI, a start-up founded by Elon Musk and directly connected to X. Notably, Grok sets the most likely range for the end of the year between $4,000 and $5,000 per ETH. According to the AI, the maximum Ethereum can reach in 2024 is $6,500, while the minimum is $2,500. The artificial intelligence forecast is extremely bullish because ETH currently trades at $2,306 by press time. However, Grok shows inaccuracy because the market is already below the minimum. For context, Finbold prompted the AI with the current prices; thus, it was aware of this information Our Ethereum price prediction for the end of 2024 takes into account various factors, such as the successful Shanghai upgrade, the transition to Proof-of-Stake, and the potential for Ethereum ETFs. The Ethereum ecosystem’s growth, as well as the impact of the Dencun Upgrade, are also considered. With a projected minimum price of $2,300, a maximum of $6,500, and an average of $4,000, Ethereum has the potential to experience significant gains in 2024.” Nevertheless, its justification is solid and considers recent or current events possibly impacting Ethereum’s value. It is also notable how Grok fixed the minimum to what ETH is currently trading at. Therefore, a run to the aforementioned average at $4,000 is likely and would result in a 74% yearly price appreciation In a bullish outlook, ETH could see a surge superior to 180% to its maximum. This is an attractive case of a great risk-reward opportunity if Grok is proven right moving forward #Write2Earn #TrendingTopic #TradeNTell $ETH

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