Cryptocurrency news of the day

 Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip



Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.

  • Bitcoin wallets holding between 1,000 and 10,000 BTC increased their holdings while prices slid over the past few days, while those owning less than 1 BTC were sellers, IntoTheBlock data shows.
  • Bitcoin ETFs saw $168 million net outflows on Monday, led by Grayscale's GBTC, Fidelity's FBTC and 21Shares/Ark Invest's ARKB.
  • ETF investors held on "much stronger" than expected with only 0.3% of the assets leaving the funds, argued one analyst.



Comments

Post a Comment

Popular posts from this blog

The Biggest Crash in Crypto History Has Begun – Should Hodlers Sell Now?

Image
Breaking News: The Biggest Crash in Crypto History Has Begun – Should Hodlers Sell Now? In a dramatic turn of events that has stunned the cryptocurrency community, many are now declaring that the "Biggest Crash in Crypto History" has officially begun. With digital asset prices plummeting and market sentiment shifting rapidly, the question on everyone's minds is whether hodlers should consider selling their holdings in the midst of this crisis. ### **Unprecedented Market Decline** Over the past 24 hours, the cryptocurrency market has experienced a catastrophic decline, with major coins like Bitcoin and Ethereum seeing their values drop by double-digit percentages. This massive sell-off has wiped out billions of dollars in market capitalization, and the impact is reverberating across the entire digital asset ecosystem. Analysts point to a combination of factors contributing to this unprecedented crash: 1. **Massive Sell Orders:** Large-scale sell orders have triggered a do...
Read more

best crypto coin for investment 2024

Image
As we step into 2024, the cryptocurrency market continues to evolve at a rapid pace, presenting both exciting opportunities and significant challenges for investors. With thousands of cryptocurrencies available, choosing the best one for investment can be daunting. This article explores some of the top contenders in the crypto space for 2024, considering factors such as market trends, technological advancements, and potential for growth. One of the standout cryptocurrencies to watch in 2024 is Bitcoin (BTC). As the first and most widely recognized cryptocurrency, Bitcoin has established itself as a digital gold and a store of value. In recent years, Bitcoin has gained increasing acceptance among institutional investors and corporations. With the potential for continued adoption and the upcoming halving event in 2024, which historically has led to price increases, Bitcoin remains a strong contender for investment. Ethereum (ETH) is another cryptocurrency that should be on the rada...
Read more

The Recession Starts TODAY! [Crypto Is F*%KED!]

Image
The Crypto Recession Starts TODAY: What It Means for Investors and the Future of Digital Assets In a dramatic turn of events, today marks the beginning of what many are calling the "Crypto Recession." This pivotal moment in the world of digital finance is set to reshape the landscape of cryptocurrencies, impacting everything from individual investments to global economic trends. As the dust settles, it's crucial to understand what this means for investors and the future of digital assets. ### **Understanding the Crypto Recession** The term "recession" typically refers to a period of economic decline, characterized by reduced consumer spending, business investment, and overall economic activity. While traditional recessions are driven by factors such as economic slowdowns or financial crises, the "Crypto Recession" specifically refers to a significant downturn within the cryptocurrency market.  Over the past few months, we've witnessed a steep d...
Read more