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The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?
Dencun, the biggest upgrade since the Merge, has just gone live on the Ethereum network.
Crypto investment products have smashed the yearly inflow record after just three months of trading in 2024, adding more than $12 billion globally, according to CoinShares.Inflows of nearly $1.8 billion this week alone were enough to break the prior record of $10.6 billion for all of 2021 — dominated by the success of the new U.S. spot bitcoin ETFs.
Bitcoin climbed above $73,000 following surging inflows into newly launched ETFs. ETF daily inflows reached a record $1.05 billion on March 13, surging 108% from the previous day. Bernstein’s analysts are confident Bitcoin will reach the $150,000 price target by 2025.
Two whales have accumulated a total of 348,551 UNI tokens since March 1. The AO on the UNI/USD daily chart indicated a downward momentum, suggesting a price decline. Buying pressure and a potential altcoin season could send UNI’s price to $20.
A recent downtrend in the NFT market has resulted in a decrease in the floor price for major collections such as Bored Ape Yacht Club and Pudgy Penguins.Activity in Ethereum-based NFT marketplaces has declined on a month-on-month basis, according to data from The Block.
- 15:14Snowden: Solana may "achieve something" in the futureAccording to Cointelegraph, Edward Snowden recently discussed topics such as cryptocurrency, artificial intelligence, and blockchain technology at a conference. He pointed out that Solana might "become something" in the future. However, because Solana has received a large amount of venture capital funding, this situation could hinder the ability of the blockchain network to operate independently and undermine its decentralization and autonomy.
- 15:08The size of BlackRock's Bitcoin ETF assets has officially surpassed its gold ETFAccording to Radar news, BlackRock's Bitcoin ETF has reached $33.2 billion in assets in just 10 months, officially surpassing the size of its gold ETF assets.
- 15:01CoinShares Research Director: BTC only needs to rise about 33% to reach $100,000, which is just 10% of the gold market shareOn November 10, CoinShares Research Director James Butterfill previously expressed the view that there are four catalysts that will drive future Bitcoin price increases: changes in the leadership of the U.S. Securities and Exchange Commission, friendly regulation towards cryptocurrencies, further adoption of cryptocurrencies by large companies, and interest rate cuts by the Federal Reserve. James Butterfill further explained that a rise in Bitcoin to $100,000 means there is still a 33% growth space for its price, and a $100,000 Bitcoin "doesn't sound so unreasonable" because its market value is equivalent to "only 10% of the gold market share". Plus Trump's victory and Republican control of Senate could make it easier to push for an "expected relaxed regulatory framework", so it should be possible to achieve this. (CNBC)
