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"Bitcoin and Ethereum ETFs Dominate with Unstoppable Double-Digit Inflows"

The Crypto Basic

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Inflows into the US Bitcoin and #Ethereum ETFs have surged to insane levels as the funds record double-digit streaks. 

Read more on: https://thecryptobasic.com/2024/12/13/us-bitcoin-and-ethereum-etfs-hit-fever-pitch-as-inflow-streaks-extend-to-double-digits/
#CryptoNewssCommunity 

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Software service firm MicroStrategy has made a fresh #Bitcoin acquisition as the premier asset continues to achieve new price milestones. Today, MicroStrategy invested an additional $1.5 billion to acquire 15,350 units of Bitcoin at an average cost of $100,386 per unit. Michael Saylor, the company’s chairman, announced this latest acquisition via a tweet a few hours ago. MicroStrategy Deploys $5.1B in Bitcoin So Far in December This acquisition coincides with Bitcoin reaching an all-time high of $106,488 today. Although a brief pullback has followed the peak, Bitcoin continues to trade above $105K at press time. Notably, this marks the first instance in which MicroStrategy has purchased Bitcoin in the $100K price range. Just seven days ago, the company acquired 21,550 units of Bitcoin for $2.1 billion. This particular investment followed one made the previous week when MicroStrategy bought 15,400 BTC for $1.5 billion. Essentially, MicroStrategy has bought Bitcoin for three consecutive weeks in December. In total, it has committed $5.1 billion toward acquiring Bitcoin this month alone, adding 52,300 BTC to its portfolio. Following today’s investment, MicroStrategy now holds 439,000 BTC tokens, which it has acquired for $27.1 billion since 2020. This puts its average cost per unit at $61,725 per BTC. Notably, MicroStrategy’s Bitcoin portfolio is seeing an unrealized profit of $18.77 billion, bringing the total valuation to $45.85 billion. At current holdings, the company controls 2.21% of Bitcoin’s circulating supply. It has also posted a quarter-to-date return of 46.4% and a year-to-date profit of 72.4%. #CryptoNews🚀🔥V

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El Salvador’s president, Nayib Bukele, has expressed his delight as the country’s #Bitcoin portfolio records massive gains with BTC’s surge past $106,000. Bukele took to X to highlight the milestone, sharing El Salvador’s Bitcoin portfolio gains. Per the tweet, the country’s stash of the premier asset has crossed the $632 million valuation mark. El Salvador’s Bitcoin Stash Tops $632M Notably, a screenshot of El Salvador’s Bitcoin Office platform shows that the portfolio hit $632 million when Bitcoin reached a new all-time high of $106,488. Of the total portfolio value, the country invested $270 million to purchase its 5,966 BTC stash. Bukere’s post shows that El Salvador has an unrealized profit of $362 million, a staggering 133.95% portfolio increase. Notably, the chart shows that the country’s wallet surged from around $100 million in late 2023 to the new high. Meanwhile, El Salvador maintains its practice of buying one Bitcoin daily until it becomes impossible to acquire with fiat. At the time of writing, the country’s portfolio has reduced slightly to $619 million, following Bitcoin’s retracement to $103,851. Earlier last year, when El Salvador’s Bitcoin bet started paying off, Bukele criticized legacy media outlets for predicting doom for the country following its adoption of Bitcoin. Despite the country’s massive profits, the IMF still urged the El Salvadoran government last month to reconsider its Bitcoin stance. #CryptoNewsUSA

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MetaMask confirms that interest in #shiba⚡ Inu among market participants remain high despite the ongoing consolidation phase. After rising over 98% from about $0.00001687 to highs around $0.00003343 after the U.S. election, Shiba Inu’s (SHIB) rally appears to be stalling. Last week, for example, the popular doggy-themed meme coin declined by over 15% from an opening price of $0.00003219 to close at about $0.00002788. Despite this lackluster price showing, interest in the token remains significantly high, at least according to a recent MetaMask ranking. Shiba Inu (SHIB) Swaps Remain High SHIB was among the most swapped tokens by MetaMask users last week. According to the popular Ethereum wallet, it was the fifth most swapped token on the platform during the period in question. Other tokens in the top five rankings were Pepe Unchained (PEPU), Pepe (PEPE), Baby Doge (BabyDoge), and HEX (HEX), in first, second, third, and fourth place, respectively. SHIB’s appearance in the ranking highlights high interest among traders. The metric holds even more weight, considering MetaMask’s large customer base. The wallet is widely regarded as the most used Ethereum wallet, with over 30 million monthly users. Interestingly, with the latest development, SHIB has now appeared in the MetaMask ranking for three consecutive weeks. #CryptoNewsCommunity

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