Both funds will track Bitcoin (BTC) and Ethereum (ETH). Analysts believe this approval will pave the way for a broader wave of crypto ETFs in 2025, including funds for Litecoin (LTC) and Hedera (HBAR). Grayscale's Bitcoin ETF hit $1 billion in inflows earlier this week, which means the demand for ETFs are still strong before the year ends. Meanwhile, social media chatter about ”buying the dip” surged after Bitcoin's recent dip below $100,000. Hashdex and Franklin Templeton Get SEC Nod for Crypto Index ETFs The United States Securities and Exchange Commission (SEC) approved Hashdex’s Nasdaq Crypto Index U.S. ETF and Franklin Templeton’s Franklin Crypto Index ETF in a Dec. 19 notice. Hashdex’s ETF will be traded on the Nasdaq stock market, while Franklin Templeton’s ETF will be listed on the Cboe BZX Exchange. Both ETFs will include spot Bitcoin (BTC) and Ethereum (ETH). Hashdex’s Nasdaq Crypto Index U.S. ETF will track Bitcoin and Ethereum included in the Nasdaq Crypto U.S. Settlement Price Index. Meanwhile, the Franklin Crypto Index ETF will follow the Institutional Digital Asset Index, which is designed to measure the performance of key digital assets like BTC and ETH. The SEC’s approval was based on the similarities between these proposals and already approved spot Bitcoin and Ether products. The ETFs are also compliant with the Exchange Act's requirements to prevent fraudulent practices and protect investors. Nate Geraci , president of The ETF Store, suggested that this approval could inspire other firms, including BlackRock, to follow suit and introduce similar products. Geraci believes that financial advisers are likely to embrace these offerings because of their diversification potential, especially in the budding crypto ETF asset class. Franklin Templeton initially filed for its crypto index ETF in August, but the SEC delayed its decision in November. Hashdex submitted an amended ETF application in November after revising its proposal in October to address the SEC’s requirements. These two firms are not alone in their pursuit of crypto index ETFs. In November, NYSE Arca filed to list a Bitwise ETF holding Bitcoin and Ethereum, and in October, it shared plans to list a Grayscale crypto index ETF containing a broader range of digital assets. Bitcoin-Ether Funds to Kickstart 2025 ETF Boom These latest ETF approvals could open a lot of doors in the crypto industry. In fact, a whole new wave of crypto ETFs are anticipated to emerge in 2025, starting with funds tracking both Bitcoin and Ethereum. Bloomberg senior ETF analyst Eric Balchunas shared this forecast on Dec. 17, alongside insights from fellow analyst James Seyffart. They predict that this Bitcoin and Ethereum combo fund will pave the way for ETFs tracking other cryptocurrencies, like Litecoin (LTC) and Hedera (HBAR). The SEC has historically been cautious in approving crypto-related ETFs, and even recently rejected several proposals for Solana and XRP-focused funds. Seyffart believes that approval for these assets may only come under a new administration, specifically after President-elect Donald Trump’s SEC chair nominee assumes leadership. Trump announced plans to nominate Paul Atkins, a pro-crypto businessman and former SEC commissioner, as the agency’s next chair, which could signal a potential shift towards more crypto-friendly policies. Litecoin’s potential for approval stems from its close relationship with Bitcoin as a fork, which makes it a lot more likely to be classified as a commodity. Hedera benefits from not being labeled a security by the SEC, which simplifies the regulatory path for its inclusion in an exchange-traded product as well. On the other hand, XRP and Solana faced some setbacks due to their classification as securities. Despite the likelihood of approval for Litecoin and Hedera ETFs, analysts are still uncertain about the level of investor demand these products will attract. On the brightside, many people expect that Trump’s administration will encourage a much more supportive regulatory environment for digital assets. Grayscale’s Bitcoin ETF Hits $1 Billion in Inflows Some ETFs are already achieving impressive milestones before the year even comes to an end. Grayscale's Bitcoin ETF saw remarkable success in 2024 by pulling in over $1 billion in net inflows by Dec. 17. The Grayscale Bitcoin Mini Trust was launched as part of a spinoff in July that now manages more than $4 billion in assets. Alongside the Bitcoin Mini Trust, Grayscale introduced the Ethereum Mini Trust, separating these low-cost offerings from its older and more expensive funds, the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The Mini Trusts also offer the most affordable management fees of just 0.15%. The introduction of low-cost ETFs intensified competition in the market, and even led to fee wars among issuers. Most of the newly launched spot crypto ETFs, including Grayscale’s, temporarily waived or discounted fees to attract investors. Spot Bitcoin ETFs were launched in January after extensive review by the SEC, and have become dominant players. In fact, U.S. spot BTC ETFs surpassed $100 billion in net assets for the first time in November. Grayscale also expanded its portfolio beyond just Bitcoin and Ethereum by managing a range of alternative cryptocurrency funds. In 2024, the asset manager introduced an investment fund for Aave’s governance token (AAVE) and launched trusts for Sky, Bittensor, and Sui protocol tokens. Grayscale also has plans to diversify its offerings, proven by its October filing with NYSE Arca to list the Grayscale Digital Large Cap Fund. This index ETF will hold a diversified portfolio of cryptocurrencies. With President-elect Donald Trump’s administration expected to adopt a much more crypto-friendly stance, the landscape for cryptocurrency ETFs is poised for some very impressive growth. Surge in ”Buy the Dip” Chatter Only time will tell if crypto prices will play along to help boost the 2025 ETF boom, especially after the lastest market dip. However, things may look up soon as the proportion of social media discussions about ”buying the dip” in crypto surged to its highest level in over eight months, which coincided with Bitcoin's fall below the critical $100,000 price level. According to data from crypto analytics firm Santiment , Bitcoin’s dip to $95,500 on Dec. 19 prompted the social dominance score for mentions of ”buying the dip” to hit 0.061, which was its highest point since April 12. At press time, BTC was trading hands at $95,182.49 after its price fell by more than 6% over the past 24 hours. Historically, similar spikes in the social dominance score have been associated with notable price drops. In April, Bitcoin fell from $70,000 to around $63,000, and in August, it slid below $60,000, nearing $53,000 within just a day. These events also aligned with increased mentions of ”buying the dip.” This suggests that investors and traders are very closely monitoring opportunities during market downturns. Search interest for cryptocurrency is also robust, though it has tapered off slightly since December’s start. Google Trends data indicates a global search score of 75 for “crypto” over the past seven days, down from 100 earlier in the month. In contrast, searches for ”buy the dip” surged to a score of 38, the highest since August 10. Search volume for ‘buy the dip’ (Source: Google Trends ) Charles Edwards, the founder of Capriole Fund, warned that market participants should prepare for heightened volatility. Edwards pointed out that bearish sentiment could intensify to a point where it triggers a short squeeze, causing prices to rebound sharply.
Coinbase’s Base added 13.7 million users in October 2024, outpacing Ethereum and emerging as the fastest-growing blockchain. Uniswap captured 91.3% of Base’s DEX activity and solidified its lead on Ethereum,
Cardano (ADA) is making headlines as it surges 32.1% this month. Market watchers are now posing the question: Fueled by a robust recovery above $1, can ADA mark a new ATH soon? The release of Hydra, a new scalability enhancement, has further solidified Cardano’s position as a dominant force in altcoin discussions. But it’s not the only player turning heads— JetBolt (JBOLT) is sparking major buzz with its innovative zero-gas technology and user-focused platform. As its presale gains further traction after hitting over 200 million in token sales, JetBolt has become one of the most talked-about altcoins this season. Will ADA maintain its momentum and continue its march towards a new all time high, or will its journey take another unpredictable turn? Can JetBolt steal the spotlight with its zero-gas revolution? Dive in as we explore the latest Cardano price prediction as JetBolt whale activity rises. Cardano Price Prediction: New ATH on the Horizon? Cardano (ADA) has solidified its reputation as a leading blockchain platform, renowned for its scalable, eco-friendly design that appeals to developers and innovators alike. Upgrades like Hydra, increasing real-world adoption, and strong staking support continue to bolster its reputation. Binance analysts project ADA could reach $7 by 2025, supported by these advancements. ADA trading sideways. Data from CoinGecko showing the 7-day price movement. However, while ADA has gained an impressive 79.5% year-to-date, its path to a new all-time high remains uncertain. Large transactions on the network have tripled since November, climbing from 3.32k to 10.2k, but they’ve also pulled back sharply from a peak of 21.97k, reflecting a recent slowdown in activity. This mixed performance underscores both the promise and challenges facing Cardano. Whether ADA can sustain its momentum or plateau short of a new all-time high remains a pivotal question as the market assesses its next move. JetBolt Whale Activity Rises: 200M Tokens and Counting Excitement around JetBolt (JBOLT) is surging as its groundbreaking zero-gas technology grabs the attention of enthusiasts across the crypto landscape. With over 200 million tokens sold during its presale, JetBolt has captured the attention of savvy crypto whales and created significant market buzz. Remarkably, JetBolt launched with a fully functional ecosystem right from the presale stage. Built on the Skale Network, JetBolt’s zero-gas technology eliminates gas fees entirely, enabling lightning-fast and cost-effective transactions. This innovation not only streamlines the user experience but also unlocks new possibilities for developers and projects across various blockchain applications. Adding to its appeal, JetBolt features an AI-powered tool that curates Web3 news and content, keeping users informed and engaged. Its intuitive staking system rewards users not only for staking but also for actively participating on the platform, enhancing the overall ecosystem. JetBolt’s Web3 wallet simplifies blockchain onboarding, allowing users to buy JBOLT tokens with no prior crypto experience or complicated Web3 wallet setup required. Features like face ID authentication ensure a secure, seamless experience powered by WebAuthN technology, breaking down traditional barriers to Web3 adoption. To further entice early adopters, JetBolt offers Alpha Boxes , which include discounts on batch token purchases and bonuses of up to 25% in JBOLT tokens. These exclusive rewards have fueled growing interest, particularly among tech-savvy whales. Final Thoughts: Can ADA Mark New ATH as JetBolt Whale Activity Rises? Cardano’s strong recovery and ongoing developments like Hydra showcase its potential for long-term growth, though challenges remain on its path to a new all-time high. Meanwhile, JetBolt’s revolutionary zero-gas technology and other user-centric features are shaking up the altcoin market, with its presale success underscoring growing confidence among whales. Learn more about JetBolt here: Official Website: https://jetbolt.io/ X/Twitter Page: https://x.com/jetboltofficial Cryptocurrencies are known for their high volatility and unpredictability. The information provided here is for informational purposes only and should not be taken as guidance for trading or decision-making. Always do your own research (DYOR) before participating in any crypto-related activities. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The post Top Dog Memecoins Experts Say Will Skyrocket in 2025 appeared first on Coinpedia Fintech News Memecoins have evolved from a lighthearted internet phenomenon into a powerhouse in the crypto market, with a combined market capitalization of over $117 billion. Among these, dog theme memecoins have carved a unique niche, combining playful branding with robust community support to achieve staggering growth. From the early success of Dogecoin to the emergence of Shiba Inu and other canine-inspired tokens, these coins have proven their ability to capture attention and generate significant profit for investors. As we look ahead to 2025, crypto experts have identified top dog theme memecoins poised to skyrocket, yielding massive returns for investors. The appeal of these top dog theme memecoins tokens goes beyond their cute and quirky designs. They often serve as gateways for newcomers to the crypto space, offering low entry costs and the potential for explosive returns. This article highlights the most promising top dog memecoins that analysts believe could redefine the memecoin space and deliver massive gains for early investors in 2025. List of Dog Memecoins to Skyrocket in 2025 Doge2014 The first on the list of top Dog memecoins is Doge2014 , an ERC20-based token developed on the Ethereum blockchain to honor the 10th anniversary of Dogecoin (DOGE). This token captures the essence of Dogecoin, celebrating its origins as a playful crypto asset that unexpectedly rose to fame and became a cherished, community-focused digital asset. Doge2014 offers enthusiasts an opportunity to commemorate this remarkable decade-long journey in Dogecoin’s evolution. This dog themed meme coin gives investors who missed out on Dogecoin in its early days the opportunity to buy Doge2014 at the same price as DOGE in 2014, creating massive gains. According to crypto market experts, DOGE2014 has one of the largest potentials for memecoins. The project has raised over $750,000 from its ongoing presale. The presale offers investors the chance to not only own the celebratory memecoin but get it for a mouthwatering super undervalued cost as low as $0.00022 per coin (thanks to tiered bonuses) and receive free Dogecoin as a VIP when you purchase a minimum of $1000 worth of the token. The presale ends soon! Don’t miss your chance to become a VIP and get free Dogecoin before it explodes in 2025. 2. Doge Token (DOGET) Second on this top dog theme memecoins to skyrocket in 2025 is Doge Token (DOGET). This memecoin was created to improve Dogecoin and address some of DOGE’s inefficiencies. While it embraces the same playful spirit that made Dogecoin a cultural phenomenon, Doge Token focuses on being a practical and efficient digital asset for everyday transactions. Built on the Stellar blockchain, DOGET offers faster transaction speeds and lower fees than its counterparts. These features make it an attractive option for users seeking a more functional yet community-driven meme token. The creators of Doge Token aim to preserve the fun and community engagement that define dog-themed memecoins while prioritizing real-world usability. Market experts believe this is one of the top dog theme memecoins to watch out for in the coming year. 3. DogeFi (DOGEFI) DOGEFI is another one of the top dog theme memecoins that crypto market experts project will do well in 2025. DOGEFI merges the playful nature of memecoins with the innovative potential of decentralized finance (DeFi). DOGEFI aims to create a unique ecosystem where users can participate in yield farming, staking, and liquidity mining. By offering these DeFi features, DOGEFi allows investors to earn passive income while enjoying the community-driven spirit characteristic of memecoins. Built on the Ethereum blockchain, DOGEFI leverages its robust infrastructure to ensure scalability and security for its users. With its unique value proposition, DOGEFi is poised to take the market by storm come 2025. 4. Doge Killer (LEASH) Doge Ki ller (LEASH) is a standout token within the Shiba Inu ecosystem. It earned its name as the ecosystem’s limited-supply token with significant potential for high returns. Unlike its sibling, Shiba Inu (SHIB), which boasts a massive supply, LEASH is capped at just 107,646 tokens, making it highly scarce. This scarcity has created a sense of exclusivity, attracting investors seeking a unique opportunity within the dog theme memecoins space. The utility of Doge Killer extends beyond its scarcity-driven appeal. It plays a crucial role in fostering community participation within the Shiba Inu ecosystem by incentivizing users to stake their tokens and earn rewards. Experts predict that LEASH will hit 4-5 digit figures in 2025. 5. Baby Doge Coin (BabyDoge) Last but not least on this list of top dog theme memecoins to buy in 2025 is Baby DogeCoin (BabyDoge). This popular dog theme memecoin builds upon the legacy of its predecessor, Dogecoin, while adding new features to enhance its appeal. Launched in 2021, BabyDoge aims to combine the playful nature of memecoins with tangible utility and charitable causes. The token operates on the Binance Smart Chain, enabling faster transaction speeds and lower fees compared to traditional blockchain networks. With a built-in reflection mechanism, BabyDoge rewards holders with automatic token redistribution, incentivizing long-term investment and fostering a loyal community. Conclusion Dog themed memecoins have proven to be more than just a passing trend, evolving into a vibrant subcategory of the crypto market. With projects like Doge2014, Baby Doge, and Doge Token leading the charge, 2025 could be a breakout year for these canine-inspired tokens. The combination of innovative features, strong communities, and the ever-present allure of meme culture makes this an exciting space to watch. Whether you’re a seasoned investor or a newcomer to crypto, these top dog theme memecoins might be worth a closer look.
The post Big News for Crypto: SEC Approves Combined Spot Bitcoin and Ethereum ETFs! appeared first on Coinpedia Fintech News The SEC has approved spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, which feature an 80/20 average weighting of Bitcoin and Ethereum but may include other assets in the future. Nasdaq and Cboe BZX filed amended proposals that adhered to strict standards, enabling swift approval. Notably, Bloomberg analyst Eric Balchunas predicts these ETFs could launch as early as January. This approval signals a change in the SEC’s stance towards crypto, easing tensions with the industry.
The most recent global crypto survey organized by Binance has offered insight into the current state of the market. The survey, which polled nearly 28,000 users, shows that 23.89% believe that artificial intelligence (AI) tokens will gain traction and lead the market this upcoming year. Nearly 20% of the responders expect governments to enact more
Meme coins have become a vibrant part of the cryptocurrency landscape, transforming from quirky internet jokes into serious investment opportunities. Over the past few years, we’ve seen tokens like Dogecoin and Shiba Inu capture the attention of investors and the media alike, proving that a little humour can go a long way in the crypto space. Now, BTFD Coin is ready to take this meme coin popularity to new heights. With its innovative play-to-earn (P2E) game , enticing staking rewards, and a robust community, BTFD Coin is poised to stand out in 2025. The presale for BTFD Coin, which kicked off on November 26, 2024, is generating serious buzz. Investors are flocking to this project, eager to get in on the action. This isn’t just another meme coin; it’s a well-thought-out investment opportunity that combines fun and potential profit. BTFD Coin aims to up the ante in the meme coin market, and its presale performance is a testament to its promise. With impressive figures and features, this coin is creating a FOMO effect that’s hard to ignore. As we dive into the best meme coins to join for 2025, BTFD Coin is at the forefront of this movement. With over $4.2 million raised and 57 billion tokens sold to more than 6,000 holders, the excitement surrounding BTFD Coin is palpable. Analysts are predicting a bright future for this token, making it an exciting time to get involved. So, let’s explore what makes BTFD Coin—and its competitors—worth your attention this coming year. BTFD Coin: The Next Big Thing in Meme Coins BTFD Coin isn’t just another meme coin; it’s a potential game-changer in the crypto space. Launched at a presale price of just $0.000004, it has quickly surged to a current price of $0.00013, reflecting the growing interest and confidence from investors. The presale has already reached its 12th stage, raising an impressive $4.2 million in a matter of weeks. This rapid growth is a clear indication that BTFD Coin is tapping into something special. One of the standout features of BTFD Coin is its integration of a P2E gaming model. Imagine playing games and earning rewards while you’re at it. This engaging approach sets BTFD apart from many other tokens that simply rely on hype. The presale has been remarkably successful, hitting its fourth stage—almost 25% of its journey—in just 24 hours. That’s the kind of momentum that gets investors excited. Let’s paint a picture of the potential returns for BTFD Coin . Suppose you decided to invest $100,000 during Stage 5, when BTFD was priced at $0.00005 per coin. You’d end up with a whopping 2 billion BTFD coins. If the price reaches its anticipated listing price of $0.0006 by the end of the presale, your investment would balloon to an incredible $1.2 million. That’s the kind of return that makes BTFD Coin one of the best meme coins to join for 2025. Crypto All-Stars: The Collaborative Platform for Meme Coins While BTFD Coin leads the charge, Crypto All-Stars is also making waves in the meme coin arena. Currently in its final presale stage, which ends on December 20, 2024, Crypto All-Stars has raised an impressive $22.64 million. This project is all about community and collaboration, introducing the MemeVault, a platform that allows users to stake various meme coins, creating a unified ecosystem for enthusiasts. The $STARS token is at the heart of Crypto All-Stars, offering staking rewards that can reach up to 147%. This is particularly appealing for investors looking to maximise their returns while being part of a community-driven initiative. What sets Crypto All-Stars apart is its focus on creating a space where meme coin holders can come together and earn rewards, making it one of the best meme coins to join for 2025. As the presale nears its conclusion, the excitement within the Crypto All-Stars community is palpable. Those who hop on board now can stake their tokens and start earning rewards before the official platform launch. This sense of community and shared purpose reinforces the idea that Crypto All-Stars is a top contender among the best meme coins to join for 2025. By fostering collaboration and enabling staking across multiple tokens, this platform creates an environment where everyone can thrive. Turbo: The Fast-Paced Meme Coin on the Rise Turbo is another exciting player in the meme coin landscape, capturing attention with its unique branding and community engagement. This token has quickly gained traction, appealing to a younger demographic that’s looking for fun investments in the crypto space. Turbo’s focus on speed and performance resonates with Gen Z and Millennials, who are always on the lookout for the next big thing. The presale for Turbo has been heating up, attracting investors who appreciate its playful nature and potential for growth. Unlike many other tokens that focus solely on profits, Turbo emphasises the importance of community and fun. This approach not only makes investing enjoyable but also fosters loyalty among its holders, making it one of the best meme coins to join for 2025. As the meme coin market continues to evolve, Turbo is positioning itself as a must-watch project. It reminds us that beyond the numbers, there’s a vibrant community of people who share a love for memes and crypto. For those looking to invest in a project that combines excitement with potential returns, Turbo is definitely worth considering. Conclusion Based on our research and market trends, it’s clear that the meme coin landscape is evolving rapidly, with BTFD Coin leading the way. Its innovative features, including a P2E game and attractive staking rewards, make it a formidable contender among the best meme coins to join for 2025. The impressive figures—over $4.2 million raised and 57 billion tokens sold—highlight the growing interest in BTFD Coin. As the presale approaches its conclusion, the excitement surrounding BTFD Coin is unmistakable. For those looking to invest in a project with a vibrant community and immense potential for returns, now is the time to act. Don’t miss out on this golden opportunity—join the BTFD Coin presale now and be part of the next wave in the meme coin revolution! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Digital asset custody firm Copper has withdrawn its application to become registered with the U.K.'s financial services regulator, the Financial Conduct Authority (FCA), the company said in a statement on Friday. The company chaired by former U.K. Chancellor of the Exchequer Philip Hammond said the decision to withdraw was part of the company's strategic shift, and that U.K. registration no longer fitted the company's future business trajectory. The London-based custodian recently announced a new strategy more focused on international opportunities. It appointed Amar Kuchinad as its new global CEO in October. He has been tasked with leading the firm's global growth strategy, with a focus on strengthening the company's U.S. presence. Copper isn't the only crypto company to withdraw from the registration process in the U.K.. Between January 10 2020 and December 1 2024, 69% of applications were withdrawn, according to data from the FCA. The custody firm said it would look to capitalize on opportunities across priority markets, such as the U.S., Europe and the Middle East. "Withdrawing our application to register as a cryptoasset institution in the U.K. is the right decision for our business, and reflects our refocus on driving growth in priority markets," said Amar Kuchinad, CEO of Copper, in the release. Copper started offering clients secure custody and trading of tokenized money market funds such as BlackRock's BUIDL, the company said in October. Read more: Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock's BUIDL
The US Bitcoin Exchange Traded Funds (ETFs) hit their largest net outflow of $671.9 million. Fidelity’s FBTC led the charge with a record $208.5 million outflow, while BlackRock’s IBIT stood steady with a $0 net flow. This outrush has marked a major shift in the market after watching 15 days of BTC inflow streak. The global digital assets market witnessed a drop of more than 6% in the last 24 hours as Bitcoin and major altcoins printed heavy red indexes. The cumulative crypto market cap stands at $3.3 trillion with a trading volume of $275 billion. However, the fear and greed index is still flashing ‘Greed’ on the radar. Bitcoin ETFs bleed As per the SosoValue data , Grayscale’s Bitcoin Trust (GBTC) reported a withdrawal of $87.86 million, and Ark’s ARKB noted $108.4 million in outflows. GBTC’s total outflow stands at a massive $21.24 billion. Grayscale’s mini BTC fund saw $188.6 million of outflow while Bitwise’s BITB reported a withdrawal of $43.6 million. The largest spot bitcoin ETF by net assets, BlackRock ’s IBIT, reported zero flows among the rest of the funds. Meanwhile, WisdomTree’s BTCW turns out to be the only fund among all the BTC ETFs to record positive flows of $2 million. The total trading volume of 12 spot bitcoin ETFs hit $6.3 billion on Thursday. Total net assets under all funds stood at $109.66 billion which is 5.74% of Bitcoin’s market cap. The Bitcoin price dropped by around 8% in the last 24 hours dragging down its bullish run. Despite smashing all the records, BTC is down by 4.8% over the past 7 days. Bitcoin is trading at an average price of $95,242, at press time. The selloff wasn’t limited to Bitcoin ETFs as Ethereum linked ETFs also broke their 18-day inflow streak. ETH linked funds reported an outflow of over $60 million on Thursday, breaking all the positive records. Grayscale’s ETHE is still the biggest Ether ETF with $4.81 billion under its belt. Ether is also dealing with the same sell-off sentiments. ETH price dropped by 15% over the last 7 days and is down by a massive 10% in the last 24 hours. Ether is trading at an average price of $3,284, at press time. What triggered the crash? The Federal Reserve’s hawkish tone at the Federal Open Market Committee has shaken the markets. The constant brewing inflation pushed the Fed to signal 2 rate cuts in 2025. It is down from the market’s expectation of 3 and has dampened investor enthusiasm. It has also sparked a selloff across risk assets. The Fed’s shift isn’t the only factor as experts suggest that year-end profit-taking could also be playing a role. For now, Bitcoin remains resilient, doubling in value this year amidst ETF inflows and market optimism. With fewer rate cuts expected for 2025, some investors are opting to reduce exposure and take profits. Momentum has cooled, but the market is far from done. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Yesterday’s Federal Reserve meeting resulted in a 25 basis point rate cut and a revised policy indicating fewer cuts than anticipated next year. The announcement triggered a significant market retrace, with Bitcoin leading the downturn. BTC dropped 8% from its all-time high, briefly testing liquidity levels before bouncing above $98,000. This retrace wasn’t limited to crypto; broader markets also experienced volatility in response to the Fed’s decisions. Adding intrigue to the situation, CryptoQuant shared data revealing a massive move by a longstanding BTC whale. Over 72,000 BTC were transferred, raising speculation that this could signal a market top. Historically, such large movements by early adopters often precede critical price shifts, as their actions influence market sentiment and liquidity. Despite the drop, Bitcoin’s ability to hold above key liquidity zones has reassured some investors. However, questions remain: is this merely a shakeout to fuel further gains or a precursor to a deeper correction? Analysts and traders will closely watch Bitcoin’s next moves, especially with this unprecedented whale activity coinciding with a pivotal moment in macroeconomic policy. The coming days could prove decisive for BTC’s short-term trajectory and its journey into price discovery. Bitcoin Whales Making Moves After Bitcoin’s massive breakout from $67K to $108K, the market has witnessed a shift in sentiment as smart money begins to position itself for the coming months. As the price surged, large investors, including long-time Bitcoin whales, have been actively moving their holdings, signaling that important changes may be on the horizon. Top analyst Maartunn shared on-chain data showing significant whale activity, including the total movement of over 72,000 BTC. Notably, 8,000 BTC, aged between 5 and 7 years, were moved on-chain in a recent transaction. This is the eighth transaction in the past two weeks, indicating a pattern of substantial whale movements. These transactions could be interpreted in one of two ways: Whales are calling for a market top : The large-scale transfers could signify that these whales believe BTC has peaked and are selling their positions to capitalize on the price surge. In this case, these whales could be looking to take profits before a potential correction or consolidation phase. Whales are repositioning for an Altseason : Alternatively, these moves might indicate that whales are rebalancing their portfolios, preparing to deploy capital into altcoins as they expect the market to shift toward altcoin rallies, also known as Altseason. As these large transactions continue, the market is left wondering whether this is a signal of a top or just part of a larger strategic repositioning by Bitcoin’s biggest holders. Investors will closely watch how this unfolds in the coming weeks. BTC Holding A Bulish Structure Bitcoin is trading at $102,300 after testing local demand at $98,695 earlier today. The price structure remains bullish, with a clear formation of higher highs and higher lows, indicating the market uptrend. For BTC to maintain its momentum and push towards new highs, it must break above the $103,600 level, which was a key pivot last week. This level has shown significant importance as it marked a resistance point, and surpassing it would solidify Bitcoin’s bullish outlook and open the door for further gains. However, a failed breakout above this level could signal a shift in sentiment, and if BTC loses the $100,000 support level, a correction is likely to follow. A drop below this critical threshold would indicate that selling pressure is intensifying, and the market may need to retrace before finding a new support base. Traders and investors will closely monitor the $103,600 and $100,000 levels in the coming hours to gauge Bitcoin’s next move and whether the bullish trend can continue or if a short-term correction is imminent. Featured image from Dall-E, chart from TradingView