**BlackRock Daily $ETH Flows Reach $87.1 Million** Cryptocurrency enthusiasts have recently been buzzing with the latest update from financial giant BlackRock. The daily Ether (ETH) inflows for the investment firm The post BlackRock $ETH Daily ETH Inflows: +$87.1 Million appeared first on COINOTAG NEWS .
The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant payment infrastructure. Discussions include integrating financial markets, payments in national currencies, and new mechanisms for mutual financial
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has continued to attract millions from investors since last Monday, despite a notable decrease in positive Bitcoin commentary. The iShares Bitcoin Trust (IBIT), issued by BlackRock, recorded an additional $107 million in inflows on July 18, marking the ninth consecutive day of inflows, according to Thomas Fahrer, co-founder of crypto data platform Apollo. Seven of those nine days saw inflows exceeding $100 million, an achievement rarely seen in the ETF industry. However, crypto traders are displaying less optimism. Positive Bitcoin commentary on social media has declined compared to four months ago, and traders are
Tether announced on July 27 that it had teamed up with TokenPocket to support USDT on TON. According to Tether, this integration enhanced the functionality of USDT in the TON ecosystem. Coingecko data shows that the USDT stablecoin had the highest market share in terms of market capitalization and circulation.
U.S. Republican Senators Cynthia Lummis and Tim Scott took the stage at the Bitcoin 2024 conference today and straight up blamed the current Senate Banking Committee’s leadership for blocking American innovation, especially regarding Bitcoin. Tim Scott said: “We have to get rid of the folks who are in the way.” He was clearly pointing fingers
Trump Fuks Kamala could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Fuks Kamala (TRUMPKAM), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days. This is because TRUMPKAM is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Fuks Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early
Bitcoin has shown a notable bearish trend on both the weekly and 3-day price charts. Technical indicators present a mixed outlook, with a higher likelihood of prices declining rather than The post Bitcoin [BTC] Predicted to Reverse Around $69k Amidst Mixed Technical Indicators appeared first on COINOTAG NEWS .
Bitcoin's mean coin age has not trended downward despite a price drop, showing BTC is not in a distribution phase yet.
Recent insights from a CryptoQuant analyst suggest that Bitcoin’s recent price action could be the beginning of more substantial movements. The analyst, sharing insights on QuickTake, points to historical data on Bitcoin’s price trends and newcomer activities. This data comparison shows that the most significant bull cycles in Bitcoin history have often peaked when the influx of new investors reaches a specific threshold—a phenomenon fueled by a fear of missing out (FOMO) among new entrants. Related Reading: Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop—Here’s Why Bitcoin Quiet Buildup Interestingly, the current cycle presents a deviation from this established trend. Instead of experiencing new inflows at price tops, Bitcoin’s price ascent this time does not align with a significant increase in newcomer investments. This observation suggests that current upward price trends are not the result of a massive influx of new market participants but rather likely supported by different factors within the broader financial ecosystem. The current bull cycle’s support appears to rely heavily on the introduction and performance of spot ETFs (Exchange-Traded Funds) focused on Bitcoin. These financial products have provided both seasoned and new investors a regulated pathway to invest in Bitcoin, potentially stabilizing its price without the direct participation of newcomers typically seen in past cycles. However, as the market adjusts to these instruments, the same CryptoQuant analysis suggests a potential shift may be on the horizon. According to the analysis, the minor wave of new inflows observed in the first quarter of 2024 is a precursor to what might become more pronounced market behavior in future cycles. The analyst elaborated that the lack of major new entrant inflows near price tops at these levels could indicate that Bitcoin will likely experience longer periods of upside move when more existing and novice investors start participating in the market. This pattern, once initiated, could lead to more strong and longer-lasting bull markets compared to those triggered by temporary FOMO. BTC Market Performance and Outlook Meanwhile, Bitcoin is still seeing some fairly bullish price action. So far, the asset is still maintaining its price mark above $65,000, with a current trading price of $67,495, up by 3.8% in the past 24 hours. Amid this price performance, notable analysts in the space have continued to be bullish on Bitcoin, sharing their respective optimistic views on its price action. Just recently, an analyst known as Moustache on Elon Musk’s social media platform X disclosed an interesting observation on BTC’s chart. Related Reading: Analyst Breaks Down Bitcoin’s Potential for Surge and Setback, Reveals 5 Key Trends According to the analyst, Bitcoin has been copying the famous Wyckoff Reaccumulation Model, indicating that a major surge is on the horizon. #Bitcoin Did you know that $BTC copies the famous Wyckoff Reaccumulation Model almost perfectly? I’ve been sharing this chart for weeks now. Don’t let yourself be shaken out here. Higher soon. $70,000 next. pic.twitter.com/xv3d3soYq9 — 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) July 25, 2024 Featured image created with DALL-E, Chart from TradingView
The Securities and Exchange Commission (SEC) has given the nod to Grayscale’s Bitcoin Mini Trust ETF, allowing it to be listed and traded on NYSE Arca. The SEC’s decision comes after a thorough review process. The approval process was detailed and involved several key components. The SEC evaluated whether the proposal met the standards in