Ethereum price hits two-year high as network fees soar, SEC stalls on ETF decision.

Transaction fees on the Ethereum blockchain experienced a significant surge in the past 24 hours, coinciding with ETH’s price surpassing $3,700, marking a two-year high.

This development comes amid the US Securities and Exchange Commission’s (SEC) delay in ruling on multiple pending spot ETH exchange-traded fund (ETF) applications.

Ethereum’s price spike coincides with high network fees.

During the past day, ETH’s price jumped by approximately 7% to around $3720 as of press time, its highest price level since early 2022.

The surge brings ETH’s total rally to over 60% during the past month, as the blockchain network mirrors a broader crypto market revival that has propelled Bitcoin’s price to more than $67,000.

However, Ethereum network gas prices soared amidst this price upward trajectory, hitting an average peak of 79 gwei, with peak costs reaching as high as 219 gwei, according to Etherscan data. Several Ethereum users took to social media to decry the high fees and how it impacted their trading activities, including token swaps and borrowing transactions.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Wrtite2Earn #Write2Eam
$BTC $ETH $BNB

Bitcoin is within striking distance of its highest price ever, after the world’s largest cryptocurrency broke $65,000 for the first time since 2021 on Monday, putting bitcoin on the cusp of putting the cherry on top of its dramatic comeback.

Bitcoin rose about 6% to over $67,500 by early afternoon, hitting its highest level since Nov. 10, 2021.

Bitcoin is now around 2% shy of its record high of nearly $69,000 achieved during the brief 2021 spike, a seemingly achievable rally considering the ever-volatile bitcoin has risen by more than 50% over just the last month.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Eam #Wrtite2Earn #Write2Earn‬
$BTC $ETH $BNB

Cryptocurrency Market News: Bitcoin Blows Past $72K, Ether Up On Dencun Upgrade Optimism.

Bitcoin (BTC) soared past yet another price milestone, crossing $72,000 this morning on the back of the price momentum from last week where it made two all-time highs. Meanwhile, ether climbed steadily past $4,000 amid optimism around lower fees after the highly-anticipated Dencun upgrade for the Etherum network—which will help improve transaction processing speeds at scale—this Wednesday.

Meanwhile, two SEC commissioners explained their displeasure with how the crypto industry has been regulated in the U.S, and Federal Reserve Chairman Jerome Powell made it clear that there are no immediate plans to launch a central bank digital currency (CBDC) for the U.S. dollar.

Bitcoin Hits a New All-Time High on Back of ETFs
The launch of spot bitcoin ETFs in the U.S., as well as the upcoming halving event, have been credited for bitcoin's recent rally to multiple all-time highs. Though after each of the highs, the largest cryptocurrency by market cap fell significantly before clawing back some of those gains.

On Monday, bitcoin marched past $72,000 possibly amid optimism around the UK regulator's softening stance to allow cryptocurrency exchange-traded notes (ETNs) in the country.

"The Financial Conduct Authority will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for cryptoasset-backed Exchange Traded Notes (cETNs). These products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets only," the London Stock Exchnage said in a statement.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $BNB

Crypto Prices Today March 16: Bitcoin At 69K, ETH & ADA Rebound As PEPE Continues Decline.

The top crypto prices today registered a rebound as the Bitcoin (BTC) price extended beyond the $69,000 level again after attaining an all-time high at $73,836. In addition, the Ethereum price surpassed the $3,600 mark. Meanwhile, other top altcoins, such as XRP, Cardano (ADA), and Solana (SOL) gained significantly.

The Bitcoin rebounded significantly today. The Bitcoin price was up by 2.36%, reaching $69,003.28 at the time of writing on Saturday, March 16. On the other hand, it’s trading volume slumped 7.45% to $64.88 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.35 trillion.

In the altcoin arena, the Ethereum price gained by 1.41% to $3,724.75 at press time with a market valuation of $447.32 billion. Whilst, ETH saw its trading volume decline by 9.66%, reaching $27.38 billion. Meanwhile, the Binance Coin (BNB) price was up by 6.05%, reaching $616.53. Moreover, its 24-hour trade volume surged by 15.43% to $5.61 billion.

The Solana price continued gaining and neared the $190 level. The Solana price surged by 5.79%, settling at $187.94. In addition, SOL witnessed a 9.18% hike in trade volume to $11.91 billion in the last 24 hours. Whilst, the XRP price continued trading below the $0.64 mark. The XRP price recorded a gain of 0.03%, reaching $0.6348. On the contrary, XRP’s trading volume plunged 27.98% to $2.92 billion.

Meanwhile, the Cardano price gained 1.12% to $0.7247 today. Whilst, ADA recorded a 39.47% slump in its 24-hour trading volume, settling at $1.11 billion. As the top crypto prices recovered from the bearish downturn, popular meme coins extended losses. The Dogecoin price was down by 3.61% to $0.1588 while its rival, Shiba Inu price plunged by 4.50% in value and traded at $0.00002862.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $BNB

Peter Schiff once called Bitcoin a ‘pure ponzi’ now wishes he bought some.

Gold proponent Peter Schiff, a known Bitcoin critic, now says he wished he had bought Bitcoin (BTC) in 2010 when a work colleague first introduced the cryptocurrency to him.

Speaking in a March 13 interview on Impact Theory with Real Vision co-founder and CEO Raoul Pal, Schiff hinted he missed the early boat on Bitcoin.

“Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into it? Sure,” said Schiff, adding:

“I may be worth hundreds of millions assuming I didn’t sell but again I don’t know what I would have done had I made that decision.”

The interview involved a debate from Pal and Schiff over whether Bitcoin is on a trajectory toward $0 or $1 million.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $SOL

WIF Rebounds on Binance Listing Plan as Other Meme Coins Run Out of Steam.

Dogwifhat jumped by more than 25% after the crypto exchange said it will list the token.

•The dogwifhat token surged after crypto exchange Binance said it will list the token.

•Many other meme coins have lost ground following a frenetic weekend that saw several more than double in price.

•Bitcoin dominance rose from 51.8% to 52.3% on Tuesday after it surged towards $68,500.

Crypto exchange Binance said it will add dogwifhat (WIF) to its listings, lifting the Solana-based token's price back into the black for the day despite a sell-off in the wider meme-coin market.
WIF will be available to trade on Binance starting at 14:00 UTC on Tuesday, according to a blog post.
The decision comes after a weekend of meme-coin mania that saw tokens like WIF, PEPE, FLOKI and SHIB post triple-digital gains.

WIF had been trading at $1.52 before the announcement, and the price quickly jumped by more than 25%. It was trading recently at $1.80, a 5.61% gain over the past 24 hours. FLOKI, in contrast, dropped by 5.1% and WEN, MAGA, BITCOIN and CUMMIES all fell by more than 10%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up by 5.08% in the same period following bitcoin's (BTC) surge to $68,500 on Monday.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Eam #Write2Earn‬
$BTC $ETH $BNB

Bitcoin Rebounds as $150K Target for 2024 Comes in View.

Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.

The selling pressure was likely driven by profit-taking and miners offloading some bitcoin holdings.

Solana’s SOL, Cardano’s ADA, ether and meme coins, started to reverse some of Tuesday’s losses.

Buying demand and a reset in funding rates for perpetuals has buoyed bitcoin (BTC) prices early Wednesday, fueling a broader-market recovery.

The world’s largest cryptocurrency tumbled over 7% on Tuesday after briefly touching all-time highs, causing a market-wide sell-off and more than $1 billion in liquidations amid the volatility. It dropped to as low as $60,800 but neared $67,000 in Asian morning hours – indicating resilience.

Some observers said the selling pressure was likely driven by profit-taking at historical highs and miners offloading some of their bitcoin holdings. Data shows that inflows in spot bitcoin exchange-traded funds (ETFs) remained strong, with BlackRock amassing over $760 million on Tuesday.

Meanwhile, some market analysts said lofty price targets for bitcoin remained in view as April’s anticipated halving event, which reduces mining rewards in half, approaches.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Eam #Wrtite2Earn #Write2Earn‬
$BTC $ETH $BNB

Crypto firm 7RCC is quietly advancing its eco-conscious spot Bitcoin ETF.

Crypto firm 7RCC is one step closer to launching its environmentally-conscious spot Bitcoin ETF in the United States, potentially adding another option for Bitcoin ETF investors.

On March 13, the New York Stock Exchange submitted what is known as a 19b-4 form, the filing needed for it to list and trade shares of 7RCC’s spot Bitcoin and Carbon Credit Futures ETF.

7RCC filed an S-1 application with the SEC for the Bitcoin ETF under the ticker BTCK in December — which aimed to provide investors exposure to the digital asset alongside carbon credits.

The objective of the fund is to reflect the daily changes in the price of
BTC tickers down $73,196 and the value of carbon credit futures contracts, as represented by the Vinter Bitcoin Carbon Credits Index.

“The Index seeks to provide exposure to Bitcoin with an environmentally responsible approach by offsetting carbon emissions,” read the filing at the time, though updates from the firm on its progress since then were minimal.

The latest 19b-4 filing is known as a “proposed rule change” filing, which is necessary when a stock exchange wants to list a new product.

It’s seen as the more crucial filing within an SEC approval process, though both are required to be approved by the SEC for a new product to begin trading.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam

$BTC $ETH $BNB

Bitcoin just broke $71,000. Here’s what’s driving new records.

Bitcoin surged past $71,000 on Monday morning, London time, breaking its own record for the fourth time in a week.

The new record comes as the cryptocurrency is starting to drive inflows into spot Bitcoin exchange-traded funds, according to an analyst — not the other way around.

Spot Bitcoin ETFs have been attributed as a key driver behind the digital asset’s recovery this year, but the head of research at crypto brokerage FalconX says that relationship is about to change.

“If until about one week ago spot ETF inflows were driving prices, I have the impression that more recently prices are, at least to some extent, starting to also drive inflows,” David Lawant posted on Thursday.
The market is now entering a phase where Lawant expects to see more reflexivity, he added.

Reflexivity refers to a feedback loop where market trends and the fundamentals influencing them can enhance each other.

In this case, it would translate to the Bitcoin price soaring, which would then drive inflows into spot Bitcoin ETFs, which would drive the price higher.

Bitcoin broke its November 2021 all-time high three times over the past week: on Tuesday, Friday, and over the weekend, breaking the $69,100, $69,200, and $70,000 barrier, respectively.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $BNB

Borroe Finance Takes on XRP and TRON: The Next Big Investment Wave?

Borroe Finance ($ROE) has been on a roll since launching its public presale, taking on established altcoins in the market, including XRP and Tron (TRX). Despite the recent collaboration between Tron (TRX) DAO and IntoTheBlock and the breakout prediction of XRP, Borroe Finance ($ROE) stands poised to lead the next investment wave.

Borroe Finance Faces Off XRP And Tron
The crypto market is entering a new wave of digital asset investment, with new DeFi projects such as Borroe Finance ($ROE) leading the charge. Positioned among the top ICO coins, Borroe Finance ($ROE) offers an opportunity to cop massive returns on investment. This potential puts it up against established players like XRP and TRX.

Since its debut, Borroe Finance ($ROE) has been a sensation, gaining the attention of DeFi players and Web3 users. DeFi players interact with the platform’s dApps, contributing to its liquidity pool through staking. As for Web3 users, Borroe Finance is a funding platform that helps to raise funds through future earnings sales.

Borroe Finance is in stage 5 of its presale, selling at $0.020, representing an anticipated 5.2% increase in value from the last stage. However, on a broader scale, Borroe Finance ($ROE) investors can multiply their capital, thanks to the 25% impending surge to $0.025 before $ROE’s DEX listing.

XRP Close To Breaking Out Of A Symmetrical Triangle; Expert
Captain Faibik, a notable figure in the crypto sector, has brought attention to a critical play on the XRP chart, which could determine its short-term trajectory. His analytical presentation has stirred anticipation in the XRP market, with market players ready to take advantage of his projection. In particular, Faibik stated in an X post on March 18 that XRP is on the brink of a blasting breakout from a symmetrical triangle on the weekly timeframe chart.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Erarn
$BTC $XRP $TRX

Binance Launches XRP/USDT Options Amid Growing Interest.

Binance, a leading cryptocurrency exchange, is set to introduce XRP/USDT options trading on March 11th, capitalizing on the rising enthusiasm surrounding the XRP cryptocurrency. This strategic move aims to diversify trading options and enhance the user experience on the Binance platform.

The newly launched XRP/USDT options will be European-style contracts, tradable at market prices until expiration. Binance’s Options Request for Quote (RFQ) system will facilitate institutional-grade liquidity, enabling large trades over-the-counter at competitive prices without fees.

Binance’s decision comes amidst heightened interest in XRP, exemplified by substantial whale accumulation from the exchange itself. Notably, a single unknown wallet acquired a staggering 300 million XRP tokens from Binance, signaling substantial investor confidence in the altcoin’s future prospects.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $BNB

Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today.

Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell.

Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving.

Reasons Why Bitcoin and Altcoins Crashed

1. Friday’s Options Expiry

The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry.

Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pain point is $66,000, indicating a profit booking scenario for options traders while remaining bullish. BTC price fell to a low of $66,770 which is still higher than the max pain price. However, Bitcoin will witness a recovery due to buy-the-dip opportunity.

Meanwhile, 332,094 ETH options of notional value $1.24 billion are set to expire, with a put call ratio of 0.69. The max pain point is $3,550. Traders are particularly bullish on Ethereum but successfully booked profits above the max pain point. ETH price trading higher at $3,748 after dropping to a 24-hour low of 3,656.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $XRP

Can Bitcoin (BTC), Ethereum (ETH) Continue to Outperform Equities?

Bitcoin’s (BTC) momentary jump above $70,000 and Ethereum (ETH) hitting $4,000 on March 8 has ensured that the top two cryptocurrencies continue to outshine the S&P 500.

According to crypto analysis tool ‘Santiment,’ posted that BTC climbed by 10% this week. ETH, on the other hand, jumped by 14.7% while the S&P 500, which is the weighted index of the top 500 publicly traded U.S. companies, posted a mild 0.5% gain.

A position like this could be a confirmation of the crypto bull market as the correlation with traditional assets has been diverging. Beyond the weekly performance, Coin Editon checked out what has happened with the assets in the last 24 hours.

Despite retracing to $68,389, Bitcoin’s 24-hour performance was a 2.17% hike. ETH had also fallen to $3,928 but maintained a 1.14% increase. But the same could not be said of the S&P 500 whose value slid by 0.65% within the same period.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam #Write2Earnn
$BTC $ETH $BNB

Book of Meme (BOME) Surges 105.5% in 24 Hours, Hits $1.17B Market Cap.

The cryptocurrency market recently witnessed a significant rally, spearheaded by the memecoin, Book of Meme (BOME). In just 24 hours, BOME’s value soared by 105.5%, elevating its price to $0.01929.This surge propelled the coin’s trading volume by 166%, reaching $4.3 billion.

The surge boosted BOME’s market capitalization to $1.17 billion. Consequently, it broke into the top 100 cryptocurrencies by market cap and ranked as the seventh-largest among meme coins. BOME boasts a circulating supply of 55,199,727,655, against a maximum of 68,999,659,569.

Binance Embraces BOME

In response to BOME’s market performance, Binance listed the meme coin on March 16. The platform introduced four spot trading pairs, including BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY, signaling strong support for the digital asset.

This unexpected surge in popularity is attributed to Darkfarms, an art producer responsible for introducing BOME to the market. The team behind the coin is now focused on enhancing liquidity and securing BOME’s position in the meme coin market, aiming for sustained growth and stability.

BOME’s swift rise in cryptocurrency underscores the volatile yet dynamic nature of memecoin investments. With significant support from major trading platforms like Binance, the coin is poised for continued prominence in the digital currency landscape.

👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬
$BTC $BOME $BNB

Spot Ethereum ETF: Bitwise Submits S-1 Ethereum ETF Filing.

Bitwise Asset Management has submitted an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an Ethereum Spot exchange-traded fund (ETF).

Bitwise Moves Forward Despite Regulatory Hesitations
Although the current uncertainty in the regulatory field is apparent, Bitwise has been resolute in its effort to introduce a spot Ethereum ETF. This initiative has come in response to the market success of spot Bitcoin ETFs introduced earlier, with such ETFs having quite high trading volumes since their inception.

The filing of the S-1 form is a critical part of the process, signifying Bitwise’s intent to offer an ETF that tracks the performance of Ethereum directly. Unlike futures-based ETFs, a spot ETF would provide investors with exposure to the actual Ethereum asset. The decision of Bitwise to proceed with the filing points to a positive level of belief in Ethereum’s potential and its attractiveness to investors.

Potential Approval of Spot Ether (ETF)
Considering the recent filing of Bitwise, industry experts started to evaluate the possibility of acceptance by the SEC. According to the estimates of Bloomberg ETF analysts, the approval probability is about 30%, a number that indicates cautious optimism and mirrors the conciliatory regulatory environment.

In addition to the S-1 filing, Bitwise had filed a 19b-4 form with a comprehensive analysis of the correlation between the spot and futures market of Ethereum. The purpose of this analysis is to address one of the most critical issues of the SEC – the link between the spot and futures markets.

Comparative Analysis of Ethereum and Bitcoin ETFs
The direction of Bitcoin ETFs basically sets the tone of the discussion on Ethereum ETFs. Moreover, the approval of spot Bitcoin ETFs by the SEC has established a pattern that fed the hope that equivalent products for Ethereum would follow.

👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬
$BTC $ETH $BNB

Bitcoin ETF inflows hit $562M as BTC price eyes new ATH.

Bitcoin ETFs see over half a billion dollars in net inflows, outpacing the current market supply of Bitcoin 10 times.

United States-based spot Bitcoin exchange-traded funds (ETF) saw net inflows of $562 million on March 4, as the BTC price breached $68,000, with the cryptocurrency’s edging ever closer to its all-time high of about $69,000. This marked the third-largest day of inflows to spot Bitcoin ETFs since they started trading on Jan. 11.

The March 4 inflows came despite outflows from multiple smaller players and the Grayscale Bitcoin Trust (GBTC). GBTC saw $368 million in outflows on the day. BlackRock’s iShares Bitcoin Trust recorded the largest inflows of $420 million, followed by Fidelity’s Wise Origin Bitcoin Trust at $404 million. The net inflows into spot Bitcoin ETFs on the day were 10 times the amount of new BTC added to the supply through mining activities.

Spot Bitcoin ETF trading volume peaked at $5.5 billion in total on March 4, making it the second-highest volume day since the products launched. The high trading volume and institutional demand mean spot Bitcoin ETFs, exchange-traded products and trackers now handle around 1 million BTC — roughly 5.13% of the total BTC circulating supply. Of that 1 million BTC, nearly 83% is managed by U.S.-based spot and futures ETFs, according to a report published by K33 Research.

👇👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Eam #Write2Earn‬
$BTC $ETH $BNB

Shiba Inu market cap is on course to reach Dogecoin.

Shiba Inu’s (SHIB) market cap is rapidly approaching Dogecoin’s (DOGE), with the former currently sitting around $20.5 billion, just 17% below Dogecoin’s market capitalization of $24.1 billion.

Traders optimistic about Shiba Inu potential
Over the past week, meme cryptocurrencies have experienced a significant surge. Shiba Inu often hailed as the so-called ‘Dogecoin Killer,’ has climbed several positions in the top 100 rankings, placing itself just below its rival, DOGE.

In the past 7 days, Shiba Inu has seen a 62% price incline and a 280% surge over the past month. In contrast, Dogecoin has experienced a 19% price increase in the last week and a 109% price surge over the month.

On October 29, 2021, Shiba Inu experienced a remarkable surge, peaking at over ten times its previous value, resulting in a market capitalization of $41 billion.

Despite a significant decline in market capitalization to $5.97 billion as of December 8, 2023, Shiba Inu continues to hold a top-ten position among meme cryptocurrencies by this metric, trailing only behind Dogecoin.

👇👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC $ETH $BNB

Here’s Why Bitcoin, ETH, Crypto Prices Are Falling Today.

Bitcoin (BTC) and Ethereum (ETH), along with other cryptocurrencies, have experienced a notable decrease in prices recently. This decrease has been driven by a number of factors, specifically market sentiment, monetary policy actions, and the crypto derivatives market.

Declining Optimism and JP Morgan’s Analysis
JP Morgan has expressed anxiety over the continuous sell-off in Bitcoin as the market remains overbought. Consequently, the optimism that financial institutions have for the possibility of a price hike by the end of the year is seen to be on the decline.

This sentiment is partly due to the expectations of diminished Bitcoin supply post-halving and the assumption of sustained inflows into spot Bitcoin exchange-traded Funds (ETFs). JP Morgan, on the other hand, observes a decline in these inflows, which points to a change in investor sentiment.

Federal Reserve’s Monetary Policy
The decision of the U.S. Federal Reserve to keep the fed funds rate intact at 5.25%-5.5% is consistent with market expectations. Nonetheless, despite this sturdiness, the Chairman of the Federal Reserve, Jerome Powell, has announced a forecast for three rate cuts this year, with additional cuts forecast for 2025. This ruling has affected the dynamics of the market, as seen in the derivatives market, which has shown an upsurge in large-volume transactions.

A market researcher from GreeksLive, Adam noted that almost 30% of all the option transactions are high-volume transactions where many of the transactions are buying the call options.

Consequently, the options market for BTC and ETH has shown considerable activity, with an expiry of $2.6 billion worth of options. The result is speculation on the possibility of a new all-time high for BTC prices. This outcome is a conjecture about the likelihood of a new all-time high for Bitcoin prices.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Earnn
$BTC $ETH $BNB

Spot Bitcoin ETF net inflows drop by 80% as BTC price dips below $69K.

BlackRock’s ETF recorded the highest inflows of $350 million, while Grayscale saw $250 million in outflows.

United States-based spot Bitcoin exchange-traded funds (ETFs) recorded one of their lowest net inflow days of just $132 million on March 14 — the lowest level in the past eight trading days and an 80% fall from March 13.

The Thursday drop marked the second consecutive day of decline. On Wednesday, inflows hit $684 million, a 38.3% drop from the March 12. Tuesday saw record-breaking single-day inflows of $1.05 billion.

The total flow of funds into the ETFs stood at $390 million on March 14, with the Grayscale Bitcoin Trust ETF (GBTC) seeing another $257 million in outflows, bringing net inflows to $132 million. On the same day, the VanEck Bitcoin Trust ETF and Fidelity’s Wise Origin Bitcoin Fund recorded inflows of $13.8 million and $13.7 million, respectively. Despite a significant outflow from GBTC, net flows remained positive on Thursday.

BlackRock’s iShares Bitcoin Trust ETF recorded the largest inflows at $345 million. The cumulative net inflows into the U.S. spot Bitcoin ETF remain significant, nearing the $12 billion mark after 44 days of trading.

The change in investor sentiment comes amid a broader downturn in the crypto market as the BTC price dropped below $69,000.

The impact of declining ETF inflows correlated with fluctuations in the BTC price. After bullish price action on Wednesday, March 13, BTC posted a new all-time high above $73,000 before reversing course on Thursday.

The price dipped lower on Friday, March 15, to around $66,000 as millions in leveraged positions were liquidated. According to data from CoinGlass, 193,431 traders were liquidated in the past 24 hours, with a total liquidation of $682.14 million.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earn‬ #Write2Eam
$BTC

Bitcoin Climbs Above $70,000, Marking a Stellar Recovery

On Monday, bitcoin’s value soared back to the $70,000 mark after a decline to just under $60,000 the previous week. Over the last 24 hours, its value against the U.S. dollar has increased by 7%, reaching a peak of $70,645 for each unit.

Bitcoin’s Swift Comeback

For the first time since March 14, 2024, bitcoin (BTC) has risen above the $70,000 benchmark, marking 11 consecutive days of this achievement. Its price has climbed more than 7% in the past day and has seen a 4.2% increase over the past week. With its current value, bitcoin’s market cap has hit $1.38 trillion, accounting for 52% of the entire $2.64 trillion cryptocurrency market economy.

Currently, BTC is a mere 4.8% shy of breaking its all-time high of $73,794 set on March 14, 2024. Today’s peak price of $70,645 per unit represents a significant recovery from its low of $64,568 per BTC during the day’s trade. Bitcoin dominates $42 billion of the day’s $120 billion in global trade volume.

The recent ascent in BTC’s price has triggered $34.12 million in liquidations over the past four hours and $41.62 million across the last 12 hours, exclusively from short positions. In the past day, BTC short positions totaling $77.8 million have been eliminated.

👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2Earnn #Write2Earn‬
$BTC $ETH $BNB