On December 27th, **COINOTAG News** reported significant developments in the Bitcoin market. As per data from Trader T, the total **net inflow** into Bitcoin **spot ETFs** in the United States
According to recent data published by Tree News on December 27th, the net inflow for the **US Ethereum spot ETF** reached an impressive **$1.177 billion** yesterday. This influx is significant
The announcement followed Moo Deng's rise to fame that even inspired a Solana-based meme coin, MOODENG. Meanwhile, Ethereum traders recently made some impressive profits, and one trader earned $1.1M from a leveraged short. Analysts also predict that ETH could outperform Bitcoin in early 2025. Ethereum ETFs, like BlackRock’s ETHA, are already gaining momentum by attracting millions in inflows, contrasting with Bitcoin ETFs. Vitalik Buterin Adopts Viral Pygmy Hippo Moo Deng Vitalik Buterin, the co-founder of Ethereum, captured the internet’s attention by adopting Moo Deng, a pygmy hippopotamus that became a viral sensation earlier this year. The announcement was made by Thailand’s Khao Kheow Open Zoo on Dec. 26 through a post on X which revealed that Buterin contributed 10,000,000 Thai Baht (or $292,000) to support Moo Deng and her family as part of the Wildlife Sponsorship Program. The zoo is extremely grateful that Buterin will be supporting Moo Deng over the next two years. Moo Deng rose to fame in September of 2024 thanks to her playful personality and the widely shared videos posted by the zoo, which captivated audiences worldwide. After the adoption announcement, Buterin indicated that his support could extend further, and revealed plans to allocate 88 ETH, which is equivalent to over $290,000, to assist Moo Deng and her companions. Buterin’s philanthropy in 2024 also included a $180,000 Ethereum donation to the biotech charity Kanro, which came from meme coins that were sent to his wallet. The viral phenomenon of Moo Deng extended beyond just the confines of social media, and even inspired the creation of a Solana-based meme coin named MOODENG . Early investors reaped impressive profits from the token, and one trader transformed a $1,300 investment into $3.4 million. However, the token’s success was short-lived as its value plummeted by about 58% from its peak price of $0.62 in mid-November 2024. Data from Solana’s meme coin launchpad, Pump.fun, revealed that more than 99% of traders suffered losses or gained less than $1,000. Out of 8.5 million wallets, only 50 earned up to $1,000, while five wallets achieved profits between $1,000 and $10,000. Just one wallet managed to exceed $10,000 in earnings. Despite the financial turbulence, Moo Deng is still a symbol of joy and community engagement, now with the added support of one of cryptocurrency’s most influential figures. Trader Nets $1.1M on Ether Short MOODENG was not the only token that traders lucked out on. A crypto trader recently made more than $1.1 million in profit in just two days by strategically shorting Ethereum (ETH) during the current market correction. By using a 50x leveraged short position, the trader borrowed 19,186 Ether, worth more than $64.5 million, when its price was $3,428. This position was opened on Dec. 24, and also earned the trader over $680,000 in funding fees. According to blockchain data from Hypurrscan , the short position carries a liquidation price above $4,750. On-chain intelligence firm Lookonchain revealed that the trader faced a $1.2 million loss on the first day. However, the market's subsequent downturn flipped the position into a highly profitable trade. While leveraged trading can amplify returns, it still carries some serious risks. These risks took center stage in January of 2024 during an incident where a trader lost over $161,000 after being liquidated on a leveraged position. The past year has seen other traders make extraordinary profits in the volatile crypto market. Bitcoin’s historic climb past $100,000 on Dec. 5 was especially a boon for many, while meme coin traders also saw good returns. One such trader turned a $27 investment into $52 million over 600 days by capitalizing on PEPE’s meteoric rise. Another trader in May achieved a $46 million profit from a $3,000 investment in PEPE. Ether Poised for Breakout Traders can make even more money off ETH as the altcoin is showing potential for a breakout against Bitcoin in January 2025. TradingView data revealed that the ETH/BTC ratio strands close to 0.0356, and MN Capital founder Michael van de Poppe suggested it could surpass 0.04 in January. The last time the ratio hit 0.04 was on Dec. 8, when ETH reached $4,018. Van de Poppe expects increased inflows into Ether in the coming month, while Bitcoin may experience outflows that could potentially consolidate its price. This shift could trigger an “altcoin run,” which happens when alternative tokens like Ethereum gain more market momentum. Already, key Ethereum ecosystem tokens like Shiba Inu (SHIB) and Mantle recorded impressive price increases recently. Bitcoin , meanwhile, continues to trade below the $100,000 mark. Despite reaching the six-figure milestone on Dec. 5, its current performance contrasts with the enthusiasm building around Ethereum and altcoins. Analysts also predict that spot Ether exchange-traded funds (ETFs) could outperform Bitcoin ETFs in 2025. Nate Geraci , the president of ETF Store, shared that inflows into ETH ETFs are aligning with those of gold ETFs and may accelerate even more in the near future. Pseudonymous trader Brent compared Ether’s current state to a ”ball forcibly held underwater,” which means that the altcoin has the potential for explosive growth. Into The Cryptoverse founder Benjamin Cowen noticed earlier in December that the ETH/BTC ratio’s decline is either over or nearing its conclusion, which also sets the stage for potential growth over the next 6 to 12 months. Ethereum ETF Gains Momentum While Bitcoin ETFs Face Outflows BlackRock’s Ethereum ETF, the iShares Ethereum Trust (ETHA), attracted almost $44 million in inflows on Christmas eve, bringing its total net assets to $3.65 billion, according to data from SoSoValue . In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) faced outflows of $188 million, contributing to an overall $338 million bleed from Bitcoin ETFs on the same day. Among the Bitcoin ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK’s 21Shares Bitcoin ETF (ARKB) recorded outflows of $83.16 million and $75 million, respectively. Bitwise’s Bitcoin ETF (BITB) stood out as the only product in the green, gaining $8.5 million in inflows. Bitwise’s Ethereum ETF also performed well after attracting roughly $6 million in inflows. Ethereum ETF flow (Source: Farside Investors ) Despite the recent underperformance, BlackRock’s spot Bitcoin ETF is still a standout success thanks to it amassing close to $54 billion in net assets in less than a year. This achievement cements its position as one of the most successful cryptocurrency stories of the year. Industry experts, including Bitwise, predict that the total Bitcoin ETF inflows next year could surpass those of 2024. Additionally, Bitcoin ETFs recently surpassed the estimated holdings of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, though the exact number of coins owned by Nakamoto is still unknown.
Bitcoin has crashed today, erasing the gains from the Christmas rally. Here’s how this may have been foreshadowed by social media sentiment. Social Media Users Got Too Hyped During Latest Bitcoin Rally On Christmas Day, Bitcoin came close to touching the $100,000 mark, but in the past day, the coin has seen a sharp reversal of trend as its price has collapsed toward the $95,000 level. Like with any other price plunge, there are bound to be several factors contributing to the trend. One of these could potentially be the sentiment shared by traders on social media. When BTC had rallied yesterday, the analytics firm Santiment had shared a chart that revealed how social media had been reacting to the run. The indicator cited by the analytics firm was the “ Social Dominance .” The Social Dominance keeps track of the percentage of the total social media discussions related to the top 100 cryptocurrencies that a given term or topic occupies. Santiment has used this metric for gauging sentiment on the major social media platforms by applying Bitcoin and price-target-related terms to it. The price targets in question are $90,000, $100,000, and $110,000. In the context of the recent rally, investors posting about the $90,000 target would naturally be bearish on BTC. Similarly, the posts containing $100,000 would reflect a neutral sentiment, and those with $110,000 would correspond to bullish optimism. Now, here is a chart that shows the trend in the Bitcoin Social Dominance for these terms over the last month: As is visible in the above graph, the Bitcoin Social Dominance for the $110,000 target spiked during the latest rally, implying the social media users were quite bullish about the run and expected it to continue until a new all-time high (ATH) . Historically, the cryptocurrency’s price has tended to move in a manner opposite to the expectations of the crowd. This probability of a contrary move taking place has also only gone up the more sure the traders have become about a direction. As such, while some optimism may not prove to be bad for a rally, an excess of hype can make a reversal more likely to take place. From the chart, it’s apparent that the Social Dominance of the level had also spiked twice earlier in the month and on both occasions, BTC had ended up suffering price declines. Given the past precedence, it’s not surprising to see that the latest price rally also ended up in failure after the traders on social media got overly excited about where the run could lead to. BTC Price At the time of writing, Bitcoin is trading around $96,100, down almost 4% over the last week.
Ethereum price started a fresh decline from the $3,550 resistance. ETH is now showing bearish signs and might slide below the $3,300 level. Ethereum started a fresh decline from the $3,550 zone. The price is trading below $3,450 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it settles below the $3,300 level. Ethereum Price Dips To Support Ethereum price struggled to continue higher above the $3,550 resistance and started a fresh decline like Bitcoin . ETH traded below the $3,450 and $3,420 support levels. There was a break below a connecting bullish trend line with support at $3,450 on the hourly chart of ETH/USD. The pair even dipped below the 50% Fib retracement level of the upward wave from the $3,225 swing low to the $3,543 high. Ethereum price is now trading below $3,450 and the 100-hourly Simple Moving Average. It is now testing the $3,300 support and is above the 76.4% Fib retracement level of the upward wave from the $3,225 swing low to the $3,543 high. On the upside, the price seems to be facing hurdles near the $3,380 level. The first major resistance is near the $3,420 level. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,420 resistance, it could continue to move down. Initial support on the downside is near the $3,320 level. The first major support sits near the $3,300. A clear move below the $3,300 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,110. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,300 Major Resistance Level – $3,420
Uniswap witnesses an extraordinary 200% surge in large transactions even as its price plummets 9% within two days, signaling volatile market activity. Despite the increase in whale transactions, exchange inflows
As we roll into the new year, it’s time to kick things off with a bang—and what better way to do that than by diving into the world of meme coins? If you’ve been keeping your eyes peeled on the crypto scene, you know that meme coins have taken the market by storm, and this month, there’s one standout that’s going to make your wallet roar with excitement. Forget the usual suspects; we’re talking about BTFD Coin and its epic festive offer. With its community-driven approach, innovative gaming features, and legendary presale numbers (more than $4.5 million raised to this day), BTFD Coin is leading the charge. If you thought the price was already a steal, hold on tight—thanks to the BIG50 bonus code, you can unlock a jaw-dropping 50% bonus ! This isn’t just any sale. The bonus draws inspiration from the iconic 1973 market crash, a time when savvy investors seized the moment and rode the waves to success. So buckle up, because BTFD Coin is ready to rocket into 2025. BTFD Coin: The Meme Coin to Watch for the Long Haul When it comes to the best new meme coins to invest in this month, BTFD Coin has earned its spot at the top. Not only is it packed with insane features like high-yield staking rewards, a Play-to-Earn (P2E) game that’ll keep you entertained for hours, and a strong, vibrant community, but it also offers an incredible opportunity for long-term growth. The festive 50% offer that you can unlock with the BIG50 code is the cherry on top. Let’s be real—who doesn’t love a good deal? Now, you might be wondering, “Why the 1973 market crash?” Well, it’s all about history repeating itself. Back in the ‘70s, the oil market crashed, and while many investors panicked, others saw an opportunity to buy in low and hold for the long term. Just like them, you’ve got the chance to grab BTFD Coin with a massive deal—before it potentially blows up and leaves everyone else in the dust. Let’s break it down with an investment example: If you put $6,000 into BTFD Coin at the current presale price of $0.00013, you’d initially receive 46,153,846 $BTFD tokens. But here’s the kicker—with the BIG50 bonus, you’ll snag an additional 50% tokens, bringing your total to 69,230,769 coins. If the price rises to $0.0006 (a target many analysts are predicting), that investment could skyrocket to $41,538.46. ANDY: The Pepe Sidekick Changes the Game If you’ve been around the crypto scene, you’ve probably heard of Pepe, the meme king of crypto. Now, meet ANDY, Pepe’s lifelong best friend, who has finally decided to launch his own meme coin and show the world what he’s made of. ANDY is all about fun, memes, and good vibes. And while it might not have the same explosive growth as some of the bigger coins out there, ANDY has a dedicated fanbase and a unique position in the market. With a circulating supply of 1 trillion ANDY coins, the token is all about community, making it an appealing option for anyone who’s looking to hop onto the Pepe train. Currently, the price of ANDY is sitting at $0.000196, with a 24-hour trading volume of $2.7 million. While the coin is currently down by about 14%, it’s still a solid contender in the meme coin race. If you’re looking for something a bit different, ANDY could be worth a closer look. DOGS: A Community-Driven Coin with a Woof Another contender in the meme coin world is DOGS, a coin that’s all about community ownership and fun vibes. Built on the TON blockchain, DOGS has already created a buzz by leveraging Telegram’s vast user base and incorporating meme culture into its core. If you’re part of the Telegram community, you’ve probably seen the iconic DOGS mascot popping up everywhere. However, like ANDY, DOGS has recently faced a bit of a dip, with the price down by around 7% in the last 24 hours. Despite this, the DOGS project is far from being counted out. It boasts a market cap of over $270 million and a dedicated following that keeps the coin’s spirit alive. With a circulating supply of over 500 billion coins, DOGS is another community-driven coin that’s worth keeping an eye on. How to Claim Your Bonus on BTFD Coin’s Presale Today If you’re ready to take advantage of this killer offer, here’s how you can claim your 50% bonus: Go to the Presale Page . Click “Connect Wallet” and select your wallet (e.g., MetaMask, Trust Wallet). Locate the Bonus code field, enter BIG50 , and click “Apply”. Input the amount of $BTFD you want to buy and take a look at the updated amount. Click “Buy Now” and confirm the transaction in your wallet. Conclusion: The Best New Meme Coin to Invest in This Month Is Here The best new meme coins to invest in this month are here, but none shine quite as brightly as BTFD Coin. With its festive 50% offer, high-growth potential, and the excitement of its presale, BTFD Coin is the ultimate investment for anyone looking to start the new year off with a bang. Don’t wait too long—the chance to use the BIG50 code is a limited-time offer, as it ends after the 5th of January. Get in now, and let BTFD Coin be your ticket to a profitable 2025. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin The post Best New Meme Coins to Invest in This Month: Start the New Year Right with BTFD Coin’s Festive Offer Amid DOGS’ and ANDY’s Fall appeared first on TheCoinrise.com .
The cryptocurrency market is witnessing pivotal shifts as traders start to reassess their investment strategies, particularly in relation to Bitcoin and altcoins. With Bitcoin’s dominance hovering around 58.35%, many crypto
Some crypto traders suggest that altcoins may be a better pick than Bitcoin “at this juncture," though not everyone agrees.
On December 27, COINOTAG News reported a notable transaction in the cryptocurrency market, as monitored by TheDataNerd. A significant whale removed a hefty 1,500 ETH, equivalent to approximately $5.21 million,