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Cryptonews
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Greed Returns to Crypto as Analysts Call for Bull Run Into ‘Uncharted Territory’
- Bitcoin approaches US$70k, marking a 10.68% increase this week.
- Dogecoin emerges as the top performer with a 30% weekly surge.
- Crypto Fear & Greed Index reaches the highest level in October, indicating a greed-driven market.
- Analysts believe Bitcoin may enter uncharted territory driven by retail and institutional interest.
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Newsbtc
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336
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As Bitcoin Climbs, Can XRP Price Catch The Wave?
- XRP price is consolidating above the $0.5380 zone.
- There was a break above a connecting bearish trend line with resistance at $0.5420.
- The price might face resistance near the $0.550 level or the 50% Fib retracement level.
- If XRP fails to clear the $0.5550 resistance zone, it could start another decline.
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Cryptonews
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US Spot Bitcoin ETFs Hit Record Week, Adding $2.1 Billion in BTC
- Bitcoin and other cryptocurrencies see notable gains, boosted by record inflows into Spot Bitcoin ETFs totalling over US$2.1 billion last week.
- BlackRock’s IBIT stands out, contributing more than half of the inflows.
- Monday recorded the highest daily inflow for the ETFs, with significant contributions from Fidelity’s FBTC and Bitwise’s BITB.
- The rapid growth of Bitcoin ETFs outpaces that of gold, achieving milestones in 10 months that took gold ETFs five years.
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Newsbtc
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XRP Could Skyrocket Over 4,000%, Analyst Forecasts Price Hitting $27
- An analyst predicts that XRP could see significant price increases, with price targets of $6.40 and $27.
- The forecast is based on historical price actions and backed by technical analysis and liquidity assessments.
- The XRP community remains resilient and optimistic about the long-term potential of the cryptocurrency.
- There is a call for better cryptocurrency regulations to drive XRP acceptance and prepare for practical adoption.
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Cryptonews
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US SEC Gives Go-Ahead for Spot Bitcoin Options Listings On NYSE
- The US SEC has granted “accelerated approval” for 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange.
- The new index options offer institutional investors and traders a cost-effective way to enhance and hedge their bitcoin exposure.
- This marks a notable development for the cryptocurrency sector.
- The SEC approval covers all listed ETFs except Grayscale’s Bitcoin Mini Trust.
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Newsbtc
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Bitcoin Price Surges Ahead: Is This The Start of a Bigger Run?
- Bitcoin price extended gains above the $68,000 resistance zone.
- BTC is now consolidating and aiming for more gains above the $69,500 resistance.
- Bitcoin remained stable and extended gains above the $68,500 zone.
- A close above the $70,000 resistance might initiate more gains.
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NullTX
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119
Image Credit: NullTX
Exploring Total Value Locked (TVL) Dominance Across Crypto Markets
- Total Value Locked (TVL) has become a crucial indicator in the crypto space, reflecting the strength of different DeFi protocols.
- In the realm of decentralized exchanges (DEXs), Uniswap leads with over 25% of the total TVL.
- In the lending market, Aave is the leader followed by JustLend, indicating a reduction in dominance among the top protocols.
- Lido Finance dominates the Liquidity Staking category with a 56.5% share of the total TVL.
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NullTX
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Bitcoin Whales Increase As Dominance Hits 3-Year High, Potential Short-Term Dip Looms
- Bitcoin's number of large holders, or "whales," increased during the recent price bottoming at $59K.
- Bitcoin's dominance in the crypto market surpassed 65%, reaching a 3-year high.
- Technical indicators suggest a potential short-term dip for Bitcoin before reaching new highs.
- Bitcoin spot ETFs continue to experience notable inflows, with $274 million in net inflows.
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Newsbtc
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Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Price Soars
- A dormant Bitcoin address holding 25 BTC, valued at $1.71 million, was activated after more than 10 years of inactivity.
- The activation coincides with Bitcoin briefly hitting $69,000, a level it flirted with before.
- Bitcoin has experienced a slight pullback, currently trading at around $68,399.
- BTC investors added over $1.8 billion this week to spot Bitcoin ETFs after the SEC's approval.
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Bravenewcoin
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314
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Bitcoin Closes the Week At $69,200, Bulls Back In Charge
- Bitcoin surged to $69,375, indicating investor appetite for risk-on assets.
- Bitcoin achieved a weekly close above $68,700, confirming a breakout from its sideways movement.
- Positive Bitcoin ETF inflows and anticipation of Federal Reserve rate cuts contribute to the upward trend.
- Whale activity, declining stablecoin dominance, and record market cap for Tether suggest a bullish momentum for Bitcoin.
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Crypto-News-Flash
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318
Image Credit: Crypto-News-Flash
Bitcoin All-Time High in Sight: Fed Rate Cuts, Whale Activity, and ETF Approval Boost Confidence
- Fed rate cuts and whale accumulation are driving factors in Bitcoin’s potential all-time high.
- Bitcoin ETFs and institutional adoption could be the final catalyst for breaking previous price records.
- Growing expectations of Federal Reserve interest rate cuts and positive economic trends are boosting Bitcoin's momentum.
- Whale accumulation and technical analysis suggest significant price movements could follow.
- The recent approval of Bitcoin ETFs on the New York Stock Exchange has sparked institutional interest.
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Hackernoon
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I Watched HBO’s ‘Money Electric’ on Bitcoin: Here’s Why You Might Want To Skip It (or Not)
- HBO's documentary 'Money Electric: The Bitcoin Mystery' fails to impress with its production value and lackluster exploration of blockchain.
- The film falls short in revealing the biggest Bitcoin mystery, leaving viewers with trivial questions instead of important answers.
- The focus on Satoshi Nakamoto's identity becomes tiresome, overshadowing the importance of blockchain technology.
- Despite its shortcomings, the documentary highlights the enduring allure of Bitcoin and the creations that captivate their creators.
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Bitcoinist
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Image Credit: Bitcoinist
Bitcoin Powers Wealth: Nearly 50% Of Crypto Millionaires Owe Success To BTC
- Between 2023 and 2024, the number of Bitcoin millionaires increased by 111%, reaching 85,400 or 49.6% of all crypto millionaires in 2024.
- Five out of six new billionaires in 2024 owe their success to Bitcoin, and the total number of Bitcoin billionaires is now 28.
- The rise in Bitcoin millionaires is attributed to regulatory changes and the approval of spot Bitcoin ETFs, which have fueled greater adoption and investment in the cryptocurrency market.
- Countries like the United States, Singapore, and the United Arab Emirates have implemented policies that promote crypto usage and investment, contributing to the growth of Bitcoin wealth.
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Newsbtc
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353
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FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High
- Meme coin FLOKI breaks out of a descending trendline, signaling a bullish move.
- Crypto analyst predicts a 200% rally for FLOKI to reach a new all-time high.
- FLOKI previously reached an all-time high of $0.0003449.
- Increased social media attention and market dynamics support the potential for a significant price increase.
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Zycrypto
3w
30
Image Credit: Zycrypto
Bitcoin Could Crash to $35,700 Despite Massive Whale Purchases for This Reason
- Bitcoin (BTC) traded mostly flat over the weekend, following a strong week where its price briefly climbed above $69,000 on Friday.
- Market analysts remain divided on Bitcoin's future direction, with some expressing concern about its price action and potential pullback to $35,720.
- Contrasting views exist, with an analyst predicting a potential surge to $78,000 after some short-term volatility.
- Significant whale activity and institutional interest, including BlackRock's Bitcoin ETF, indicate solid interest despite the price uncertainty.
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