#2024 Ethereum ETF

[kripto-parahaber]

Ethereum ve AI tokenler yükseliyor: Yükseliş kalıcı olacak mı?

Ethereum Haberleri: 14 Ağustos Çarşamba günü kripto para piyasa değeri yüzde 2’lik bir yükseliş sergiledi. Bitcoin yeniden 60 bin dolara çıkarken altcoinler minimal seviyelerde toparlama gösterdi. İkinci büyük altcoin Ethereum ise yüzde 3’ün üzerinde bir artış yaşadı ve ETF girişlerindeki artışla yatırımcı arasında iyimser bir hava yarattı. Meme coin sektörü ise yatay bir hareket izlerken AI…

[leadvalets]

2024 Ethereum Price Forecast: What Crypto Investors Need to Know

In the fast-paced world of cryptocurrency, Ethereum stands out as one of the most popular and promising assets. As we look ahead to 2024, investors are keen to understand what the future holds for Ethereum’s price and how they can capitalize on potential opportunities while managing risks effectively. Understanding Ethereum: A Brief Overview Ethereum, a decentralized platform that enables smart…

[cryptonewspod]

Top 5 Altcoins for the Next Bull Run - 100x Growth in March 2024!

2024 could see a big rise in altcoins during the crypto bull run! This year is going to be very exciting for cryptocurrency fans. Recent events like Bitcoin halving and Ethereum ETF will shake the cryptocurrency market, and experts seem quite excited about this. YouTuber Brian Jung recently released a video in which he talks about the Top 5 Altcoins and also reveals that this is going to be a…

[dencyemily]

A surge in altcoins is predicted by a crypto analyst while Bitcoin remains stable

The 2024 crypto bull run signifies a pivotal moment in the crypto realm as altcoins position themselves for a notable performance, challenging the historical dominance of Bitcoin. Insights gleaned from a recent video by The Fomo Factory indicate a discernible shift in the cryptocurrency landscape towards altcoins, suggesting an evolving narrative. While Bitcoin has long been the vanguard in the crypto world, analysts are optimistic about the promising trajectory of the altcoin market in the upcoming year.

Despite Bitcoin's stability maintaining a foothold around the $42,000 mark, recent volatility stemming from ETF-related news necessitates a closer examination. The critical resistance zone, spanning from $40,000 to $43,000, hints at a potential period of sideways movement, prompting analysts to explore various scenarios. These scenarios include the potential for Bitcoin to surge to higher prices upon overcoming resistance or experiencing a dip to $37,000 if support weakens.

The spotlight now shifts decisively to altcoins, with Ethereum's ETFs sparking significant excitement and creating ripples throughout the broader cryptocurrency market. The market capitalization, fluctuating between $1.5 trillion and $1.7 trillion, presents a landscape teeming with challenges and opportunities. Analysts advocate for a strategic departure from Bitcoin towards altcoins, proposing that converting Bitcoin into altcoins, rather than relying on traditional fiat currency, may present more favorable prospects.

Highlighting specific altcoins like AVAX, Beam, IMX, Forge, and Quant, attention is drawn to their unique characteristics and potential. While some have experienced noteworthy gains, others are positioned as secure investment choices, placing emphasis on stability over the allure of extraordinary returns. As the crypto market undergoes further evolution, investors closely track these altcoins and emerging themes, anticipating significant gains in the months ahead. With the potential for altcoins to potentially outshine Bitcoin in 2024, the cryptocurrency community anticipates a year filled with dynamism and excitement.

[tpraize]

BEST MEME TOKENS TO LOOK OUT FOR THIS YEAR

With the euphoria setting in on a daily basis since the new of ETF approval hit the Internet on top of other aspects of information relating to the massive bull run experience anticipated by all crypto enthusiast. It is important to take note of the viable crypto meme tokens to be aware of. With my knowledge of the the happenings in the crypto industry and years of trading, my team and I having…

[thenewsplug]

Top 5 Cryptocurrencies That Soared After Trump’s 2024 Election Victory

Donald Trump’s 2024 presidential election win has had a profound impact on the cryptocurrency market, driving price surges across several key digital assets. With expectations of crypto-friendly policies and regulatory clarity, here are five cryptocurrencies that have seen significant growth since the election results.

Bitcoin (BTC)

Bitcoin, the pioneer cryptocurrency, achieved a milestone by crossing the $100,000 mark for the first time. This record-breaking surge is fueled by optimism around Trump’s administration, which is expected to promote crypto adoption and reduce regulatory barriers. The recent approval of Bitcoin ETFs by the SEC further boosted its appeal among institutional investors.

Dogecoin (DOGE)

Dogecoin, a meme-inspired cryptocurrency with a strong community following, saw its price climb to $0.25 post-election. Its rise reflects broader market sentiment, as well as its continued support from high-profile figures like Elon Musk. Dogecoin’s popularity as a transactional currency also adds to its long-term potential.

Solana (SOL)

Solana, a high-speed blockchain platform, experienced a 10-15% surge in value, reaching $186. Known for its scalability and low transaction costs, Solana remains a favorite for decentralized finance (DeFi) and NFT applications. Investors are bullish on Solana’s future as a leader in blockchain innovation, especially under a crypto-friendly government.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by market cap, rose by 8%, trading at around $2,825. With its robust ecosystem for decentralized applications and smart contracts, Ethereum continues to attract both developers and investors. The anticipated easing of regulatory restrictions under Trump’s leadership adds to Ethereum’s long-term prospects.

Shiba Inu (SHIB)

Shiba Inu, often referred to as “the Dogecoin killer,” saw a notable price increase post-election. Its strong community and ongoing development efforts, such as the Shibarium Layer 2 solution, have made it a rising star in the meme coin category. Investors are hopeful that the new administration’s crypto-friendly stance will further propel Shiba Inu’s growth.

Final Thoughts

Trump’s 2024 victory has revitalized the cryptocurrency market, with Bitcoin, Dogecoin, Solana, Ethereum, and Shiba Inu all benefiting from the wave of optimism. As the administration gears up to implement supportive policies, the crypto market is poised for continued growth.

[skrillnetworkblog]

🌟 Bitcoin’s Meteoric Rise: ETF Influx Fuels New Heights! 🌟

🔑 Key Highlights

1️⃣ Bitcoin Soars to $64K: The largest cryptocurrency breaks past its previous peak, reflecting a resurgent market.

2️⃣ BlackRock Leads ETF Revolution: iShares Bitcoin Trust secures a staggering $550 million investment.

3️⃣ ETF Magic: SEC approval of 10 Bitcoin ETFs powers retail and institutional adoption.

4️⃣ Market Recovery: Cryptocurrencies like Ethereum also see sharp value increases, with ETH now trading at $3,500.

5️⃣ Federal Reserve Cuts: Lower interest rates are shifting focus to digital assets.

6️⃣ Halving Event Ahead: Anticipation builds for Bitcoin’s supply cut in April, adding fuel to the rally.

🚀 Crypto Revival: BlackRock’s ETF Boom Shakes the Market!

📊 Numbers Speak

Bitcoin (BTC): $63,933 (up from $42,000 in early 2023).

Ethereum (ETH): Surpasses $3,200, marking significant growth.

BlackRock Bitcoin ETF: Second-highest inflows in U.S. history at $550M.

💡 What’s Driving Growth?

ETFs reduce volatility, offering safer investment routes.

Weakening Dollar Index & controlled inflation enhance crypto's appeal.

Federal Reserve interest cuts boost liquidity in crypto markets.

⚡ Bitcoin Surge 2024: Is This the New Crypto Boom?

🌐 Why the Surge?

ETF Legitimacy: SEC approval legitimizes Bitcoin ETFs, pushing investor confidence.

Macro Trends: Declining yields in traditional markets drive funds to crypto.

Retail Power: Retail investors dominate the market resurgence.

📉 Challenges Ahead

Network infrastructure struggles to meet demand during peaks.

Volatility risks still linger despite ETF stabilization mechanisms.

Visit - https://www.skrillnetwork.com/blackrocks-bitcoin-etf-sees-record-inflow-as-bitcoin-surpasses-64000-a-sign-of-cryptos-resurgent-boom

[stockreviews]

Spot Bitcoin ETFs Return to Positive Performance with $308 Million Inflows

The recent data from SoSoValue highlights a significant shift in the performance of US-based spot Bitcoin ETFs. After a challenging start to the fourth quarter of 2024, these financial products experienced net inflows exceeding $300 million in the past week. This marks a return to positive momentum, despite the market's earlier bearish stance. In contrast, spot Ethereum ETFs continue to struggle, maintaining a negative trend despite witnessing reduced net outflows.

Rebound in Spot Bitcoin ETFs: A Closer Look at the Inflows

Spot Bitcoin ETFs Break Declining Streak with $254 Million Inflows

At the start of October, the market for spot Bitcoin ETFs faced substantial challenges, recording net outflows of $300 million during the first week. However, by Monday, October 7, the market saw a strong reversal, as net inflows reached $236.19 million, signaling renewed investor interest in these funds.

Despite this promising start, the following three days (October 8-10) brought a downturn, with cumulative outflows of $179.98 million, once again raising concerns about the market’s direction. Yet, the situation shifted dramatically by the end of the week. On Friday, October 12, spot Bitcoin ETFs recorded an impressive inflow of $253.54 million, marking the highest single-day investment in over two weeks.

Much of this inflow was attributed to Fidelity’s FBTC, which alone attracted $117.10 million in new capital. Other prominent ETFs also contributed significantly to this positive trend. Ark & 21 Shares ARKB brought in $97.58 million, while Bitwise’s BITB captured $38.81 million in investor funds. Meanwhile, VanEck’s HODL and Invesco’s BTCO also secured notable inflows of $14.26 million and $7.88 million, respectively.

Not all funds saw gains, however. BlackRock’s IBIT ETF, which holds a dominant position in the market, registered zero inflows, and Grayscale’s GBTC reported a net outflow of $22.09 million, reflecting investor sentiment shifts.

Impact on Bitcoin ETF Market and Assets

As a result of these substantial inflows, the total net assets in the spot Bitcoin ETF market have grown to $58.66 billion. This figure represents 4.71% of Bitcoin's total market capitalization. BlackRock’s IBIT continues to dominate, accounting for roughly 40% of the assets under management in this market. It holds 369,640.1 BTC, valued at approximately $23.30 billion.

Grayscale’s GBTC, once the largest Bitcoin spot ETF with a holding of 600,000 BTC, now holds a reduced position. With significant outflows amounting to $20.19 billion, GBTC’s total holdings have fallen to 220,177.5 BTC, valued at $13.85 billion. This shift places GBTC as the second-largest Bitcoin ETF by assets.

Performance of Key Spot Bitcoin ETFs

Fidelity’s FBTC: With $117.10 million in inflows, this ETF led the pack in the past week. It remains one of the most attractive investment vehicles in the spot Bitcoin ETF market, benefiting from strong investor confidence.

Ark & 21 Shares ARKB: This ETF witnessed $97.58 million in inflows, further solidifying its position as a key player in the Bitcoin ETF market.

Bitwise’s BITB: Bringing in $38.81 million, Bitwise has continued to garner interest from investors looking to capitalize on Bitcoin’s potential.

VanEck’s HODL and Invesco’s BTCO: While these ETFs did not attract as much capital as the top three, they still saw notable inflows, contributing to the broader positive trend in the market.

Ethereum ETFs Struggle to Gain Momentum

In stark contrast to the performance of Bitcoin ETFs, the spot Ethereum ETF market has been unable to reverse its negative trajectory. Over the past week, these funds recorded net outflows of $5.22 million. Although this figure is an improvement compared to the previous week’s outflows of $25.47 million, it still marks the 10th week of losses out of the last 12 trading weeks for spot Ethereum ETFs.

Interestingly, despite the general trend of outflows, there was one day of positive inflows during the week. On a single day, spot Ethereum ETFs attracted $3.06 million, offering a glimmer of hope for investors. However, this was not enough to offset the ongoing losses.

Ethereum ETFs' Ongoing Struggles and Market Implications

The cumulative net outflows in the spot Ethereum ETF market now stand at a staggering $558.88 million, reflecting a sustained lack of investor confidence. This trend contrasts sharply with the spot Bitcoin ETF market, which has shown resilience and growth in recent weeks. The total value traded in the Ethereum ETF market is currently $143.54 million, far below the levels seen in Bitcoin-related funds.

At the time of writing, Ethereum is trading at $2,459, representing a modest 0.78% gain in the past 24 hours. Bitcoin, on the other hand, remains priced at $62,725, following a 0.22% increase during the same period.

Why Ethereum ETFs Lag Behind

Several factors contribute to the continued underperformance of Ethereum ETFs. The broader Ethereum market has faced a series of challenges, including heightened competition from Layer 2 scaling solutions and other blockchain networks. Additionally, investor sentiment toward Ethereum has been dampened by concerns over its regulatory status and the potential for stricter government oversight in the future.

Moreover, the Ethereum ETF market has not yet attracted the same level of institutional interest as Bitcoin ETFs, which benefit from a more established presence in traditional financial markets. As a result, Ethereum ETFs have struggled to maintain positive momentum, with many investors opting for other investment vehicles or moving capital into Bitcoin-related products.

Outlook for Bitcoin and Ethereum ETFs

The recent inflows into spot Bitcoin ETFs suggest that these financial products are regaining favor among investors, even in the face of broader market volatility. With total net assets in the spot Bitcoin ETF market surpassing $58 billion, there is a clear indication that institutional and retail investors alike continue to view Bitcoin as a valuable asset within their portfolios.

Looking ahead, the key question remains whether Bitcoin ETFs can sustain this positive momentum. With increasing regulatory clarity and growing acceptance of Bitcoin as a legitimate asset class, the outlook for spot Bitcoin ETFs appears promising. However, market volatility and macroeconomic factors will likely continue to play a significant role in shaping investor behavior.

In contrast, the future of spot Ethereum ETFs remains uncertain. While Ethereum itself continues to be a dominant player in the blockchain space, its ETF products have not yet managed to capture the same level of interest as their Bitcoin counterparts. Until there is a shift in market sentiment or a significant improvement in the performance of Ethereum ETFs, these funds may continue to lag behind Bitcoin in terms of returns and investor inflows.

Conclusion: A Tale of Two ETFs

The performance of spot Bitcoin and Ethereum ETFs over the past week provides a stark contrast. While Bitcoin ETFs have seen a return to positive inflows, benefiting from renewed investor confidence, Ethereum ETFs remain in a state of flux, grappling with ongoing outflows and negative returns. As the market evolves, investors will need to closely monitor both products to identify potential opportunities and risks.

[cryptonewscentral]

🚀 The crypto market is on the brink of a major boom! 🌟 Discover why analysts believe a Trump victory in 2024 could skyrocket Bitcoin and Solana to new heights. 📈 Dive into the latest insights and prepare for a thrilling ride in the world of digital assets. Don't miss out!

[unpluggedfinancial]

How I Think BTC is Going to Reach a New ATH This Week

Bitcoin (BTC) has seen its fair share of ups and downs, but recent events suggest that we might be on the brink of an unprecedented surge. I believe Bitcoin is poised to reach a new all-time high (ATH) this week, driven by significant political endorsements, strategic financial moves, and bullish market responses. Here's a look at the key events propelling Bitcoin to new heights.

Recent Events Driving Bitcoin's Surge

1. Donald Trump's Keynote:

Former United States President Donald Trump made a groundbreaking announcement at the Bitcoin 2024 conference in Nashville. In his keynote address, Trump promised to make the United States the "crypto capital of the world." He unveiled plans to create a national Bitcoin stockpile, turning the cryptocurrency into a "permanent national asset."

This bold promise has triggered bullish responses from top crypto analysts. Many predict that Trump's electoral promises could lead to a tenfold increase in Bitcoin's price. Trump's endorsement is not just a political statement; it's a game-changer for the perception and adoption of Bitcoin in the mainstream financial world.

2. Robert F. Kennedy Jr.'s Statement:

Adding to the momentum, presidential candidate Robert F. Kennedy Jr. revealed that the U.S. government has seized over 200,000 BTC, valued at approximately $13 billion, through law enforcement agencies. RFK Jr. described Bitcoin as a currency of hope, emphasizing its potential for optimism, democracy, transparency, freedom, and independence.

Kennedy hinted at signing an executive order to build up the U.S. strategic BTC reserve. Under his administration, the U.S. Treasury would purchase 550 bitcoins daily, aiming for a target of 4 million BTC. This plan underscores a growing recognition of Bitcoin's value and its strategic importance to national reserves.

3. Cynthia Lummis's Proposal:

Senator Cynthia Lummis has long been a proponent of Bitcoin, and her latest proposal further cements her support. Lummis suggests treating Bitcoin like gold or oil to bolster the U.S. economy. Her plan involves building a secure network of Bitcoin vaults run by the Treasury, with the aim of acquiring 1 million Bitcoins—about 5% of all existing Bitcoins.

Funding for this acquisition would come from reshuffling existing Federal Reserve and Treasury funds. Lummis emphasizes that this initiative would not infringe on personal Bitcoin holdings, protecting users' rights while strengthening national reserves. Her ongoing efforts, including the Cynthia-Gillibrand Responsible Financial Innovation Act, aim to balance stringent regulations with support for innovation.

4. ETF Approvals and Performance:

In addition to these political endorsements, the approval of the Ethereum ETF has set a precedent for the crypto market. The Bitcoin ETF is also performing exceptionally well, attracting increased institutional interest and investment. This institutional support is crucial for Bitcoin's sustained growth and stability.

The Bigger Picture

These events collectively create a perfect storm for Bitcoin's price surge. The strategic acquisitions by the U.S. government, coupled with strong institutional interest, provide a solid foundation for Bitcoin's value to skyrocket. The recognition of Bitcoin as a mainstream asset by influential political figures further legitimizes its role in the global economy.

Conclusion

With the convergence of these significant developments, I am confident that Bitcoin is on the verge of reaching a new all-time high this week. The bullish sentiment from key political figures, coupled with strategic financial moves and institutional support, sets the stage for an unprecedented price surge.

Call to Action

What are your thoughts on Bitcoin's trajectory? Do you agree with my prediction? Share your thoughts and predictions in the comments below. For more updates and insights on Bitcoin and the financial revolution, follow my blog and social media channels. Let's stay informed and navigate this exciting journey together!

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If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

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[vxtxnxcxnxix]

There's no question that Shiba Inu (CRYPTO: SHIB) had an incredible run in 2021.

The dog-themed cryptocurrency jumped from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, skyrocketing around 26,000,000% as major cryptocurrency exchanges allowed trading in SHIB and meme coins remained popular after the earlier rise of Dogecoin (CRYPTO: DOGE).

After the meme coin shaved off five decimal zeros from its price, some are calling for the coin to eventually reach $1. From its current price of $0.000021, that would mark a gain of roughly 4,700,000%. Considering how far Shiba Inu has already come, it may seem realistic for the coin to gain another 4,700,000%, but basic math is standing in the way.

Shiba Inu trades for such a small fraction of a penny because its supply is so large. There's currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB's market cap would be $549 trillion, roughly 200 times bigger than Apple, the world's most valuable company, and more than six times the world's annual GDP.

In other words, Shiba Inu reaching $1 would likely require a massive reordering of the world economy. That's not going to happen. However, there is a caveat.

The only way SHIB can reach $1

There are two ways for Shiba Inu's value to increase. One is that traders simply bid up the price. The other is for the supply to decrease, which should make the remaining coins more valuable. In order for this to happen, the coins have to be taken out of circulation, or burned, as traders usually call it, by being transferred to dead wallets.

It's not unusual for this to happen. In fact, according to Shibburn, a website that tracks the burning of Shiba Inu coins, 410 trillion Shiba Inu coins have already been burnt. Nearly all of those coins were taken out of circulation by Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH) who was gifted half of the 1 quadrillion Shiba Inu coin supply by the anonymous Shiba Inu founder. Buterin did so because he felt uncomfortable controlling so much of the supply of the cryptocurrency.

According to Shibburn, at the time of writing, 62 million Shiba Inu coins had been burned in the last 24 hours. While that might sound like a lot, at that rate it would take a little more than two weeks to burn 1 billion coins, and 40 years to burn 1 trillion. The burn could accelerate if there were an organized movement among SHIB holders, which could pick up steam if the value of SHIB continues to drop. However, there's a clear disincentive to burning the coins. If the value begins going up, it's in the interest of holders to keep their coins rather than burn them, and the decentralized nature of cryptocurrency makes it unlikely that there will be an organized movement powerful enough to substantially reduce the number of coins.

What's next for Shiba Inu

Since its peak at $0.88 at the end of October (2022?), Shiba Inu has lost more than 75% of its value, and other cryptocurrencies have fallen sharply as well. Bitcoin (CRYPTO: BTC) is down nearly 50% from its all-time high, as is Ethereum. Cryptocurrencies have tumbled amid broader jitters in the stock market over rising interest rates.

It's impossible to predict where the crypto currency market will go next, but the most highly inflated assets during the pandemic have already fallen sharply.

At this point, another Shiba Inu rally seems unlikely, and reaching $1 is nearly impossible.

Source:

https://www.nasdaq.com/articles/the-only-way-shiba-inu-will-ever-reach-$1

After October 22

Bitcoin Futures at the CME

ETF funds for Bitcoin

Crypto companies (stocks tend to gain as Bitcoin gains)

Cryptocurrency brokers sell derivatives

What’s next?

Coinbase announced AI 🤖 bot and how to create your own trading bot in 3 minutes using artificial intelligence

Price of Shiba at the time of this post (1:55am 10/30/2024)

0.00001910

Newark NJ

[kripto-parahaber]

Michaël van de Poppe altcoin tahminlerini açıklıyor: Ethereum, Bitcoin'i geride bırakırken öne çıkan altcoinler...

Haftaya düşüş eğilimiyle başlayan kripto para piyasası, günün erken saatlerinde geçen haftalarda Bitcoin ETF’lerinin onayı ile kazandığı iyimserliği kaybetti. Özellikle Korku ve Açgözlülük endeksi, son 3 ayın en düşük seviyelerini görerek yeşil bölgeden nötr seviyeye geriledi. Bu durum yatırımcıların temkinli davrandıklarını gösteriyor. Piyasa bu ruh hâlini yaşarken ünlü kripto para analisti…

[cryptoenthu]

BTC is the world’s largest cryptocurrency, with a market capitalization of $2.03 trillion. It skyrocketed immediately after Donald Trump won the U.S. presidential election on Nov. 5, 2024, and has continued rising since then, surpassing its previous highs multiple times. As of Dec. 5, 2024, Bitcoin has surpassed its prior highs and hit an all-time high of $103,900. 

After nearly touching $100K, BTC stabilized at $95,000, with the market optimistic that it will continue to rise; as of Dec. 05, 2024, it peaked at an all-time high of $103,900.

The hope that the U.S. and the rest of the world will embrace pro-crypto policies appears to be the most appealing factor fuelling BTC’s rise. China’s efforts to lift restrictions on personal cryptocurrency ownership are also spurring hopes. Reports of Brazil and Russia considering BTC as a reserve too signal promise for cryptocurrency. 

Bitcoin Trading At $100K In December 2024

Bitcoin peaked at its all-time high at $103,900, with a market capitalization of $2.03 trillion and a global market capitalization of $3.69 trillion as of Dec. 5, 2024, after the U.S. presidential election, Donald Trump’s victory, and anticipation of more favorable policies for the crypto industry. 

Bitcoin is stable at around $102,473, with an increase of approximately 7.85% from the last week. The crypto market sentiment is “extreme greed.”

Last week, the U.S. Federal Reserve lowered its interest rate by 25 basis points from 4.50% to 4.75%, making borrowing money through credit cards, loans, and auto financing cheaper. This contributed to the surge. In the past, BTC rose due to the U.S. Federal Reserve’s announcement of a rate cut of 0.5% on Sept. 19, 2024, the start of an easing cycle. 

The currency has struggled to maintain above $65,000 since hitting an all-time high in March. Still, it has neared $98,000, surpassing the all-time high multiple times in November 2024 after Trump, who has a pro-crypto stance, clocked victory in the U.S. presidential election.

Why is Bitcoin Rising?

Among the key reasons why Bitcoin has surged to reach its highest since 2021 include:

Donald Trump won the U.S. presidential election in 2024.

The U.S. Federal Reserve cut interest rates by another 25 bps after its once-in-four-years cut of 50 bps.

The Swiss National Bank followed suit by reducing the interest rate by 25 bps.

The Bank of Japan maintained a steady interest rate. 

U.S. SEC approval of Spot Ethereum ETFs. 

Strong inflows into Spot Bitcoin ETFs.

The U.S. banking sector’s woes in 2024 led digital currency supporters to reiterate the significance of decentralized finance and the need to have complete control of one’s own money without the regulation of banks that themselves find it difficult to stay afloat in a challenging global economic environment.

What Lies Ahead for Bitcoin? 

Institutional adoption is accelerating, exemplified by Bitcoin ETFs like BlackRock’s, which have attracted billions in investments, signaling growing confidence from traditional financial markets. On the regulatory front, President-elect Donald Trump’s nomination of Paul Atkins, a known cryptocurrency advocate, to head the SEC highlights a potentially favorable shift in the regulatory landscape. This could pave the way for more precise guidelines, encouraging widespread adoption.

The market momentum is another bullish signal. Let us see what industry experts have to say about what lies ahead for Bitcoin:

Vikram Subburaj, chief executive officer of Giottus, said that Bitcoin is currently in price discovery with experts predicting the price of BTC to reach $150,000 or even more. Volatility is expected as early entrants will indulge in booking profits. The overall sentiment for BTC will remain bullish till 2025.

Saravanan Pandian, chief executive officer of KoinB, said that market sentiment and adoption and increased confidence: Hitting $100K could fuel further confidence among retail and institutional investors, driving more capital into the market. Businesses and governments may increase Bitcoin adoption as a store of value.

He further said that the price milestone may speed up regulatory approvals for spot Bitcoin ETFs in major economies. More companies could follow Tesla and MicroStrategy’s lead in holding Bitcoin on their balance sheets.

Bottom Line

According to CoinMarketCap data, as of Dec. 5, 2024, Bitcoin had exceptionally surged to an all-time high at $103,900, indicating 79% bullish and 21% bearish community sentiment, voted by 845.9K votes. 

As per the BTC holdings, 78.35% are in $0-$1k, 20.12% are in $1k-$100k, and 1.52% are in $100k+. The whale holdings are 1.25%, and others are 98.75%. Despite the surge in BTC, it is essential to approach cryptocurrencies with caution and diligence. Remember to stay informed, patient, and vigilant in protecting your investments.

www.cifdaq.com #CIFDAQ#BITCOIN#CRYPTOINVESTING

[blockinsider]

Bitcoin Reaches $98k Again: Institutional Investments Could Determine Crypto’s Future Direction

Key Points

The total crypto market cap is gradually stabilizing with institutional inflows playing a key role.

Bitcoin and Ethereum ETF inflows have emerged as a significant trendsetter in the crypto market.

The total crypto market cap is showing signs of stability after bouncing back to $3.08 trillion from a 24-hour low at $2.81 trillion.

Market analysts are suggesting a potential bottom, with institutional flows as the key deciding factor.

The Impact of Bitcoin and Ethereum ETF Inflows

Bitcoin and Ethereum ETF inflows are becoming increasingly influential in the crypto market.

A surge in inflows could potentially trigger a V-shaped reversal in the broader market.

However, if fear infiltrates institutions, it could lead to a significant dump, potentially extending the market crash.

In January 2025, the Bitcoin (BTC) price experienced a 9.67% increase, marking a significant recovery from a near $93,000 dip in late December.

During this time, US spot Bitcoin ETFs acquired approximately 45.1K BTC.

This was slightly less than the 45.6K BTC inflows in December, indicating that hype played a role in both the inflows and the BTC price in January.

BlackRock was the largest Bitcoin buyer, accumulating 26.1K BTC, while Fidelity secured the second spot with 12.4K BTC acquired in January 2025.

However, Grayscale continued to experience outflows, recording negative 4K BTC. Other funds, including Bitwise and ARK, purchased 3.1K BTC.

Ethereum ETF Inflows Amid Market Uncertainty

Compared to Bitcoin, Ethereum ETFs had a significant run over the past few months.

Ethereum ETF inflows stood at $81.69 million, marking a significant slowdown compared to the $2,103 million inflows in December 2024.

Despite these significant inflows, the Ethereum (ETH) price recorded a drop of 10.15% in December 2024.

While institutional pools seem to have a lower impact on a larger timeframe, institutional pushes still remain key drivers in Bitcoin and Ethereum price trends.

Institutions are likely to maintain the ongoing trend, ignoring short-term volatility due to the surge in tariffs.

Bitcoin is currently at a crucial level. According to a recent tweet by independent crypto analyst, Martinez Ali, Bitcoin is testing one of its most crucial levels at $92,180.

Using the MVRV Extreme Deviation price band, Martinez highlights crucial support from this band. If the BTC price breaks below this level, a potential downfall to $74,700 will likely arise on bearish radars.

Bitcoin is currently back at $98,540 marking an intraday gain of 0.76%.

As the BTC price marks a significant lower price rejection, the Bitcoin and Ethereum ETFs will play a pivotal role.

A surge in ETF purchases may fuel a V-shaped recovery as BTC price bounces off from its key support at $92,180.

[coineagle]

Understanding the Significance of ETH/BTC Ratio Approaching a Critical Level

Key Points

The ETH/BTC ratio is nearing a crucial 0.05 BTC level, indicating potential further losses if key support fails.

Institutional preference for Bitcoin and lack of catalysts for Ethereum contributes to ETH’s extended underperformance.

The ratio of Ethereum (ETH) to Bitcoin (BTC) has been facing continuous struggles.

A whopping 77% of trading days have been unprofitable for ETH holders against BTC.

Interpreting the ETH/BTC Profitability Chart

The profitability chart of ETH/BTC over time is marked by profitable and unprofitable trading days.

The green days represent when ETH outperformed BTC, while red days highlight periods of underperformance.

The orange-shaded area at the bottom shows the increasing percentage of unprofitable days over time.

Since early 2022, ETH has consistently underperformed Bitcoin, with only a few brief periods of profitability.

The bearish trend was reinforced by a downturn in early 2025, pushing the unprofitable trading days beyond the 77% mark—a historically significant threshold.

ETH/BTC Price Action and ETH’s Struggles

The ratio chart also reveals ETH/BTC’s daily price performance and extreme volatility.

A brutal downward wick in the latest price action indicates a sharp rejection from resistance levels and heavy selling pressure.

Negative performance bars outnumber positive ones, indicating a persistent bearish trend.

From mid-2024, ETH has struggled to maintain upward momentum against BTC, forming a steady downtrend.

Each recovery attempt has been met with selling pressure, pushing the ETH/BTC ratio lower.

The latest drop saw ETH’s value relative to BTC sink to a multi-year low, with the ETH/BTC ratio around the 0.05 level—a key psychological and technical support zone.

Bitcoin remains the preferred asset for institutional adoption, especially after spot Bitcoin ETF approvals in early 2024.

Capital continues to flow into BTC rather than altcoins, including ETH.

While Ethereum remains a significant blockchain, investors favor BTC as a safer bet.

Unlike Bitcoin, which benefits from macroeconomic narratives and institutional adoption, Ethereum lacks immediate, strong catalysts.

Despite the approval of the ETH ETF, the impact has not been significant, as seen from its flow compared to the BTC ETF flow.

What’s Next for ETH/BTC?

With the ETH/BTC ratio approaching historically significant support levels, traders should closely watch the 0.05 BTC level.

If the ratio breaks below this level, it could drop further towards 0.045 or even lower.

This could trigger a wave of liquidations and panic selling.

While the trend remains bearish, a rebound from key support levels is possible, especially if Ethereum sees renewed institutional interest.

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What is Causing the Decline in the Crypto Market in 2024? – Forbes Advisor INDIA

The cryptocurrency market has recently experienced a significant downturn, with the total market capitalization dropping from $2.51 trillion in May 2024 to $1.95 trillion as of August 6, 2024. This represents a substantial decrease in value, indicating a challenging period for investors in the crypto space. The market volume has also fallen by 13.13% in the last 24 hours, reflecting a lack of confidence and increased selling pressure.

Bitcoin, the largest cryptocurrency, is currently trading at $55,013, which is a 17.37% decrease over the past seven days. However, there was a slight increase of 8.04% in the last 24 hours. Ethereum, the second-largest cryptocurrency, is trading at $2,447, down by 26.53% in the last seven days. These price movements highlight the volatility and unpredictability of the cryptocurrency market.

The recent plunge in the cryptocurrency market can be attributed to various factors, including political uncertainty, geopolitical tensions, economic data, and ETF performance. CoinSwitch Markets Desk reported that the market saw one of the biggest crashes in crypto history, with Bitcoin losing over $250 billion in market cap in a single day. This sharp decline was triggered by events such as the Middle East escalations and the Japanese stock market crash.

Experts in the field, such as Sathvik Vishwanath, CEO of Unocoin, and Himanshu Maradiya, Founder of CIFDAQ Blockchain Ecosystem Ind Ltd, have pointed out that the recent decline in the crypto market is linked to the Bank of Japan’s decision to hike interest rates. This move has impacted carry trades, where traders borrow in low-interest-rate currencies and invest in higher-yielding assets like cryptocurrencies. The resulting sell-off in both stock and crypto markets has led to significant losses for investors.

As of August 6, 2024, the Fear and Greed index stands at 34, indicating a fear state among investors. This sentiment is reflected in the price movements of major cryptocurrencies like Bitcoin and Ethereum, which have seen significant declines in value over the past week. Altcoins have also been affected, with many experiencing double-digit percentage drops.

In light of these developments, investors are advised to proceed with caution when investing in cryptocurrencies. The market’s volatility and sensitivity to external factors make it a risky investment option. However, some experts suggest that investing a small portion of one’s portfolio in stable digital currencies like Bitcoin and Ethereum could be a safer approach.

For those looking to invest in the Indian cryptocurrency market, there are specific steps to follow. These include selecting the best cryptocurrency, choosing a reputable crypto exchange, completing KYC formalities, selecting a payment mode, purchasing cryptocurrency, storing it securely, and selling it when necessary. By following these steps and staying informed about market trends, investors can navigate the crypto space more effectively.