Crypto whales have recently intensified their buying spree, particularly focusing on JasmyCoin (JASMY), XRP, and Polygon (POL), showcasing their strategic investment moves. The recent accumulation by these major stakeholders is
Tether CEO Paolo Ardoino has disclosed big plans for the company as the stablecoin issuer is on the path to achieving a $10 billion profit in 2024. Amid a strong surge in Bitcoin and the broader crypto market, the demand for its native stablecoin USDT has skyrocketed with its market cap soaring more than 50% to $140 billion. Furthermore, Ardoino also spoke about launching the company’s won artificial intelligence (AI) platform. Tether Plans Huge Investment in 2025 With AI Push USDT stablecoin issuer Tether has witnessed strong growth this year and is on the way to achieving $10 billion in profits. A significant portion of its revenue comes by investing the reserves that back its stablecoins, including USDT, into assets such as US Treasuries, gold, and other securities. As a result, the firm continues to maintain massive dominance as the stablecoin market hits over $200 billion. Ardoino said that this year the company has invested more than half of its profits. On Friday, Tether announced a $775 million investment in the video-sharing platform Rumble . This includes a primary cash commitment of $250 million, along with support for Rumble’s tender offer to acquire up to 70 million shares at $7.50 per share. The announcement came after the US market closure but was enough to send the Rumble stock soaring 50% in after-hours thereby shooting to $11. Speaking on the current developments, Paolo Ardoino stated: “Next year we plan to deploy at least half of the profits in investments” including in AI. “Our investment is just at the beginning.” Furthermore, the firm is also planning to pivot into the world of Artificial Intelligence (AI) by launching its own AI platform. Ardoino announced that the Tether AI platform will go live in Q1 2025 enabling users to interact with artificial intelligence directly through their mobile phones. Eyeing Major Growth in the Donald Trump Era Tether is looking to expand its footprint in the US market while expecting crypto-friendly regulations under President-elect Donald Trump’s administration. Howard Lutnick, nominated by Donald Trump as Commerce Secretary, is the CEO of Cantor Fitzgerald, a firm that holds a stake in Tether and manages the reserves backing the stablecoin issuer. On the other hand, with MiCA crypto regulations kicking into the European Union by the year-end, several local crypto exchanges have started delisting USDT stablecoin. However, analysts believe the exit could mean a disadvantage over the Americas where crypto adoption is on the rise. The post Tether Plans $5 Billion Investment With AI Platform Launch in 2025 appeared first on CoinGape .
The 2024 Chainalysis crypto crime report showed that North Korean hackers were responsible for over 60% of stolen crypto. Hackers Made Away With $2.2 Billion in 2024 Crypto hacking remains a serious concern for the crypto ecosystem with a report by Chainalysis showing that $2.2 billion was lost to hackers in 2024 via 303 hacking
Due to yesterday’s crypto market rout, Ethereum (ETH) has now faced rejection at the key $4,000 resistance level for three times since March 2024. The second-largest cryptocurrency by reported market cap is now trading at the $3,400 level, down 6.7% in the past 24 hours. What’s Behind Ethereum’s Underwhelming Price Performance? While ETH has posted a respectable 47% year-to-date (YTD) gain, it has been outpaced by other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP, which have recorded significantly higher returns in the same period. Several factors appear to be holding back Ethereum’s price momentum. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains One contributing factor is Ethereum’s comparatively weaker brand recognition versus Bitcoin. This was highlighted by the lackluster response to the launch of spot ETH exchange-traded funds (ETFs) in August. The introduction of these ETFs failed to generate any meaningful price movement for ETH. Data further reveals a significant disparity in investor interest between the two assets. The total net assets held in U.S. spot ETH ETFs currently amount to $11.98 billion. In contrast, spot BTC ETFs hold $109.66 billion – nearly ten times as much. Additionally, yesterday saw over $60 million in outflows from spot ETH ETFs, marking the largest single-day outflow since November 19. Crypto analyst Ali Martinez pointed out that social sentiment around ETH has reached its lowest point in a year. However, based on historical trends, this could paradoxically signal a bullish opportunity for Ethereum. Futures traders have also turned bearish on ETH, as the aggregated premium for futures positions flipped negative for the first time since November 6. The market downturn triggered Ethereum’s largest liquidation event since December 9, with $299 million liquidated in a single day. Such large-scale liquidations often lead to cascading sell-offs and heightened price volatility. Another recurring concern stems from the Ethereum Foundation’s tendency to sell ETH near local price peaks. In a recent X post, Lookonchain noted that the Ethereum Foundation sold 100 ETH on December 17. Following this sale, ETH’s price has dropped approximately 17%. Further skepticism surrounds Ethereum’s supply issuance. A recent Binance Research report highlighted that ETH’s relatively high issuance rate raises questions about its “ultrasound money” narrative, which suggests Ethereum is a deflationary asset. Is Ethereum Set For A Bounce? Seasoned crypto analyst @Trader_XO stated that they bought spot ETH at the $3,200 price level yesterday. The analyst added that they expect “a good few weeks” of price consolidation before ETH’s next leg up. Related Reading: 7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH? Meanwhile, crypto trader @CryptoShadowOff identified a potential ascending triangle formation on ETH’s monthly chart. According to their analysis, ETH could drop further to the $2,800 range before targeting a new all-time high (ATH). Market analyst @CryptoBullet1 emphasized that on the 4-hour chart, ETH has not been this oversold since August 5, indicating a bounce may be on the horizon. At press time, ETH trades at $3,400, down 6% in the past 24 hours. Featured image from Unsplash, charts from Coinglass, X, and Tradingview.com
While Bitcoin and Ethereum remain the top two cryptocurrencies by market cap, many top altcoins compete for the remaining 8 positions in the top 10 crypto ranking. Currently, Avalanche (AVAX) and Tron (TRX) are in a stiff battle for the 10th position based on their market cap values. Both the AVAX and TRX prices have also returned decent gains in the past month. However, Rollblock, a new crypto, has been tipped to be the wildcard among the top cryptocurrencies after raising over $7.4 million during its presale. Let’s find out why Rollblock stands a chance. Tron loses steam amid the market decline Tron has been one of the best-performing coins this year, evident in its over 130% growth within the past 12 months. Though the TRX price has gone up in the past month, accumulating over 20% gains in the process. The TRX price at the time of writing is around $0.24, but the recent decline suggests potentially lower price points unless the bulls regain the market. The decline in the TRX price is largely due to the recent struggles in the broader crypto market. Coin prices have been falling due to significant selling pressure among crypto traders, and TRX is also included. Avalanche eyes the top 10 spot after recent rally Like TRX and other altcoins, the AVAX price has also been on a decline. As of the time of writing, the year-on-year (YOY) growth in the AVAX price stands at -13.45%, indicating its struggles to reach higher price points. Though AVAX has surged by approximately 10% in the past month, reaching around $36 in the process, it’s currently plunging. However, AVAX trails TRX strongly on the top 10 crypto chart. To keep the dream alive, AVAX will need a massive boost in its market cap, which is around $14.9 billion compared to Tron’s $20.6 billion. Rollblock is poised as the unlikely winner While the competition between AVAX and TRON heats up, Rollblock is rearing its head as an underdog that could enter the top 10 list soon. For context, the ongoing Rollblock presale has already raised over $7.4 million within a few months, causing optimistic predictions that its market cap will get a massive boost when the project fully launches. Utility will be the major driver for Rollblock’s growth over the coming months, as the token has various use cases within the Rollblock Casino ecosystem. One of the more exciting ones includes serving RBLK as the reward token for Rollblock Casino players and investors. Users can wager on games with RBLK or earn passive income from its staking opportunities. With up to 30% APY up for grabs, the staking program promises better rewards than many centralized and decentralized staking platforms. Moreover, Rollblock Casino users get rewarded generously as part of its revenue-sharing system, which offers them a portion of the casino’s profits as weekly rewards. Players also get to enjoy casino bonuses like VIP rewards and rakeback offers. Conclusion The Rollblock project is in presale stage 9, offering an exciting opportunity for investors to get the next-gen casino token at a discounted rate of $0.043. With a proposed price of $0.052 in stage 10, now is the perfect time to lock in some tokens for guaranteed gains. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses The post AVAX’s Top 10 Dreams on Hold as TRON Dominates—Rollblock is the Wildcard appeared first on Times Tabloid .
Key takeaways Bitcoin price faces bullish pressure around $100K. Our Bitcoin price prediction expects BTC’s price to reach $100K by the end of 2024 due to the bullish sentiment following the halving event. By 2030, BTC might touch $270,593 following increased institutional adoption. Bitcoin is approaching a significant milestone, with the potential to hold above $100,000. This surge in value is partly attributed to the broader market response to Donald Trump’s election. Since the beginning of the year, Bitcoin’s price has doubled, but it has seen a notable 45% increase in just the two weeks following the presidential election. This boost has solidified Bitcoin’s role in the so-called “Trump trade,” with the president-elect’s positive stance on the cryptocurrency industry fueling investor optimism about this emerging asset class. As Bitcoin on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential of hitting the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction. Overview Cryptocurrency Bitcoin Token BTC Price $99,018 Market Cap $1,238,914,422,643 Trading Volume $22,318,495,561 Circulating Supply 19,719,062 All-time High $103,900, December 5, 2024 All-time Low $0.04865, Jul 15, 2010 24-hour high $103,900 24-hour low $94,660 Bitcoin price prediction: Technical analysis Metric Value Current Price $99,018 Price Prediction $ 108,001 (5.67%) Fear & Greed Index 84 (Extreme Greed) Sentiment Bullish Volatility 12.34% Green Days 17/30 (57%) 50-Day SMA $ 87,855 200-Day SMA $ 76,476 14-Day RSI 69.34 Bitcoin price analysis TL;DR Breakdown: BTC price analysis shows a bullish pressure toward $100K Resistance for BTC is at $102,022. Support for BTC/USD is at $95,157. The BTC price analysis for 21 December confirms that Bitcoin is facing increased buying pressure as it aims to hold above the $100K mark. Currently, BTC price is aiming for a drop below immediate Fib level. BTC price analysis 1-day chart: Bitcoin price aims to hold above $100K Analyzing the daily Bitcoin price chart, we see that BTC’s price faces buying pressure as it aims to hold above $100K. In recent hours, the price of BTC is facing multiple rejections to move above $100,000. The 24-hour volume has surged to $62 million, raising interest in trading today. BTC is trading at $99,018, surging by over 2.5% in the last 24 hours. Bitcoin shows volatility The RSI-14 trend line has surged from its previous level but trades around the buying region at 52, hinting that a bullish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours. BTC/USD 4-hour price chart: Bulls aim for an immediate correction The 4-hour Bitcoin price chart suggests that bulls are strengthening their position as they are aiming to hold the price above the EMA trend lines. Currently, bulls are maintaining buying confidence as the BTC price aims for a retest of resistance. Bitcoin aims for immediate correction The BoP indicator trades in a bearish region at 0.51, showing that short-term sellers are taking a chance to accelerate a downward trend. Additionally, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening short-position holders’ confidence. Bitcoin technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 86,233 BUY SMA 5 $ 88,444 BUY SMA 10 $ 92,201 BUY SMA 21 $ 90,791 BUY SMA 50 $ 77,855 BUY SMA 100 $ 69,289 BUY SMA 200 $ 66,476 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 87,424 BUY EMA 5 $ 82,228 BUY EMA 10 $ 75,482 BUY EMA 21 $ 69,843 BUY EMA 50 $ 65,401 BUY EMA 100 $ 63,569 BUY EMA 200 $ 61,244 BUY What to expect from BTC price analysis next? The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $102,022, it will fuel a bullish rally to $108,402. BTC/USD chart If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $95,157, beginning a bearish trend to $92,257. Is Bitcoin a good investment? The rising institutional demand for Bitcoin makes it a good investment option. However, Bitcoin has a short investment history that is filled with very volatile prices. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. Why is Bitcoin up today? Following Donald Trump’s victory in the elections, Bitcoin faced increasing buying activity. As a result, the BTC price broke through the $100K mark and formed a new ATH. Will BTC price reach $100K? Bitcoin price recently broke its much-anticipated mark of $100K, forming a new ATH. The price is currently aiming to maintain its buying demand above $100K. Will BTC reach $1 million? $1 Million is a significant milestone for the BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years. Is Bitcoin a good long-term investment? As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future. Recent news/opinions on BTC Robert Kiyosaki predicts Bitcoin may drop to $60,000 but views this as a buying opportunity, expecting it to eventually stabilize around $250K by 2025. BITCOIN to CRASH Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens I will not sell. BTC will be having a sale. I will buy more. I predict Bitcoin will settle around $250 in 2025. At this stage of the BTC process… price is not… — Robert Kiyosaki (@theRealKiyosaki) December 1, 2024 Bitcoin price prediction December 2024 November was a bullish month for Bitcoin, characterized by significant upswings. Will BTC price establish a new ATH in December? Bitcoin’s price might attempt to surge toward $100,000 from its recent low and be pushed further, at least $105,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation around $92K. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction December 2024 $92,000 $100,000 $105,000 Bitcoin price prediction 2024 Historically, Bitcoin has been a significant crypto coin in the year following a halving, and it is expected to push up its price. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements. Bitcoin spot ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2024. Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin . An outcome of which the 2024 year could be positive for Bitcoin, with its crypto-price perhaps touching $110,000 in the highest and the low could be around $88,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction 2024 $88,000 $97,000 $105,000 Bitcoin Price Predictions 2025-2030 Year Minimum Price Average Price Maximum Price 2025 $95,000 $120,000 $160,000 2026 $115,000 $130,000 $185,000 2027 $140,491 $170,100 $216,738 2028 $164,063 $185,068 $244,142 2029 $195,629 $200,312 $255,321 2030 $225,903 $248,568 $270,593 Bitcoin Price Prediction 2025 The Bitcoin Halving event’s impact is expected to last into 2025, potentially holding the Bitcoin price above the $100,000 mark. If the global economy strengthens and inflation stabilizes at 2%, interest rates could be reduced by 2025. Clearer crypto regulations could boost BTC investor confidence, leading to more buying demand amid scarcity due to halving. Following the halving event over the next 12-18 months, BTC price is expected to surge toward $160,000, with a minimum price of $95,000. Bitcoin Price Prediction 2026 Bitcoin might witness a slow growth after 2025’s halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF demand might hold BTC price within a bullish region. We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000. However, BitMEX Ceo Arthur Hayes predicted the BTC price to touch $700K in 2026. Bitcoin Price Prediction 2027 Based on detailed technical analysis of past Bitcoin price data, it is projected that in 2027, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average value of $170,100. Bitcoin Price Prediction 2028 By 2028, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year. Bitcoin Price Forecast 2029 Projections for 2029 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312. Bitcoin (BTC) Price Prediction 2030 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year. Bitcoin Price Predictions 2024-2030 Read more: Bitcoin into the last april weekend 2024 – btc halving chronicles Bitcoin Market Price Prediction: Analysts’ BTC Price Forecast Firm Name 2024 2025 Gov.Capital $101,790 $121,352 DigitalCoinPrice $103,755 $130,963 TradingBeasts $88,632 $154,235 CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events. Cathie Wood of Ark Invest forecasts Bitcoin may hit $600,000 by 2030, with a potential rise to $1.5 million in her bull case scenario after Bitcoin ETFs approval. Bloomberg Intelligence’s Mike McGlone estimates Bitcoin will reach $100,000 by 2030, attributing the increase to rising demand and BTC scarcity. Robert Kiyosaki predicts Bitcoin price to touch $120,000 by the end of 2024. Cryptopolitan’s Bitcoin (BTC) Price Prediction At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2024, Bitcoin might record a maximum price of $105,000, with a minimum price of $88,000 and an average price of $97,000. However, the future market potential for Bitcoin entirely depends on its buying demand, regulation and investor sentiment in long-term holding. We expect Bitcoin price to create a high of $216,000 by the end of 2027. Bitcoin Historical Price Sentiment BTC Price History Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology. Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021. In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures including inflation and geopolitical conflicts. By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level. Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals. Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000 and remained volatile with October prices fluctuating between $26,000 and $29,500. Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start. Early 2024 saw Bitcoin rise above $45,000 in anticipation of multiple ETF approvals, despite a brief dip below $40,000 following the ETF approval. Bitcoin’s price surged in February 2024, breaking its previous all-time high from 2021 on March 5th, reaching over $70,000 by March 8th, and setting a new high of $73,750.07 on March 14th. However, in April, the BTC price dropped below $60K. Later in May, the price of bitcoin surged and knocked the $70K level. In the weeks of June and July, BTC price witnessed heavy fluctuations as it hovered within the range of $70K-$55K. In September, the price of BTC surged toward $66K following Fed’s interest rate cut decision. In October, the price of Bitcoin faced an Uptober rally, resulting in a push toward the significant $70K resistance level. In November, the price of BTC witnessed a robust surge following Donald Trump’s victory, nearing the $100K mark. In 2024, Bitcoin casino emerged as a modern and innovative platform for gaming enthusiasts, offering the benefits of anonymity, security, and fast transactions.
Ethereum (ETH) has shown signs of recovery following a sharp market downturn, with significant whale activity that saw large Ether holders have been making withdrawals from exchanges. After experiencing declines exceeding 15% following the Federal Reserve’s rate cut decision for 2025, Ethereum appears to be finding stability near the $3,400 level. This newfound steadiness may be attributed to investors seizing the opportunity to buy the dip, as suggested by ongoing exchange outflows. A downtrend in Ethereum’s exchange reserve chart highlights a consistent pattern of investors withdrawing ETH from exchanges, which signals an accumulation phase. The altcoin’s price had plummeted by over 22.5% during the recent market turbulence, breaking through the critical $3,500 support level. However, it has since reclaimed a key position, bouncing back from the 200 Exponential Moving Average (EMA) of $3,100. Analysts suggest that the next support level to watch is around $2,850. Surge in Ethereum market activity signals growing interest Amid Ethereum’s current price correction, investors are now flocking the markets to buy the altcoin, with some expressing optimism that ETH will draw a path back to $4,000. Blockchain analytics platform LookOnChain reported that ten newly created wallets collectively withdrew 17,698 ETH, valued at approximately $61.66 million at the time, from Binance. 10 fresh wallets withdrew 17,698 $ETH ($61.66M) from #Binance after the market rebound. Whales buy the dip! Address: 0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4 0xf2500B6014dfe916B8e7706434e21B5FB2191A15 0x38b866814f278eB1b18f8E2e64612201633A8328… pic.twitter.com/jjlrbSPo86 — Lookonchain (@lookonchain) December 21, 2024 Some hours before, LookOnChain revealed that four newly activated whale wallets acquired 8,440 ETH worth $28.43 million from Binance. This substantial purchase coincided with Ethereum’s price rebounding after a steep decline. Institutional investors’ interest in Ethereum has also surged, evidenced by market activity from public figures like Donald Trump-affiliated World Liberty Finance , which recently purchased 759 ETH worth $2.6 million at current valuations. The bullish sentiment surrounding Ethereum is further underscored by the continued rise in staked ETH. Per IntoTheBlock data , there’s currently over 54.7 million ETH tokens staked, supported by a base of more than 206,000 unique stakers. This trend suggests long-term optimism among investors who appear committed to holding their ETH positions for the foreseeable future. Ether exchange-traded funds (ETFs) have also demonstrated strong performance, recording seven consecutive weeks of net inflows. Recent data reveals a record-breaking $1.6 billion in inflows in December alone. Ethereum ETFs are booming this December, pulling in $1.66B—74% of total inflows since launch. 🚀 BlackRock's ETHA leads, hitting $292M in a day. Fidelity's FETH follows, but ETH ETFs remain highly concentrated, managing ~$11B total. The ETF race is heating up! 🔥 #Ethereum … pic.twitter.com/QvnYix7OKN — Sankalp Hashtalk (@HashtalkSankalp) December 20, 2024 Nate Geraci, president of The ETF Store, emphasized the significance of these developments in a December 20 post on X, stating that net inflows into ETH ETFs are “on pace with gold ETFs.” He also predicted that inflows would accelerate moving forward. Analysts predict this uptrend may persist into 2025, particularly if robust spot ETH price performance enhances ETF returns. Furthermore, regulatory approval for ETFs to generate yields from staking could amplify their appeal. Analysts predict a strong future for Ethereum Despite the recent market volatility, Ethereum’s long-term projections remain optimistic. Some analysts foresee the cryptocurrency reaching as high as $8,800, while more conservative estimates, such as those from asset manager VanEck, suggest a cycle peak of $6,000. VanEck also projects Bitcoin’s price to hit $180,000 by 2025, indicating a strong upward trajectory for major cryptocurrencies even if Ethereum does not outperform Bitcoin in absolute terms. Ethereum’s resurgence follows a period when it was trading near $4,000 before losing momentum. The current recovery phase demonstrates the cryptocurrency’s resilience, with whales and retail investors alike taking advantage of the price dips to accumulate ETH. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The US Spot Bitcoin ETF has ended its 16-day inflow streak this week, as the crypto market recorded a massive pullback. Amid this, BlackRock Bitcoin ETF (IBIT) recorded its highest outflow since launch, sparking concerns among investors. Simultaneously, Fidelity’s FBTC also witnessed the largest decline earlier this week, which reflected the waning risk-bet appetite of the investors. BlackRock Bitcoin ETF Records Largest Outflow Ever The recent crypto market crash has weighed on the investors’ sentiment, as evidenced by the significant pullback in digital assets. Amid the recent Bitcoin crash , the US Spot Bitcoin ETFs also recorded outflow this week, ending their 16-day inflow streak on December 18. BlackRock Bitcoin ETF (IBIT) has recorded its highest outflow of $72.7 million on Friday, December 20, Farside Investors data showed. This comes a day after Fidelity’s FBTC recorded an outflux of $208.5 million, its largest outflow ever since the investment instruments were launched in the US on January 2024. The overall outflow of the US Spot BTC ETF was $671.9 million and $277 million on December 19 and December 20, respectively. Source: Farside Investors Meanwhile, Bitcoin has recorded a robust rally this year, especially after Donald Trump’s election win in November. It touched a new all-time high of $108K earlier this month, amid soaring optimism toward the US Bitcoin Strategic Reserve. On the other hand, other global leaders like the Europe also hinted towards a similar move ahead. Simultaneously, corporations have also increased their focus on the investment instrument. For context, MicroStrategy has continued its BTC buying strategy, reflecting its growing confidence in the asset. Besides, Bitcoin miners like MARA , Hut 8, and others also accumulated massive BTC. Despite that, these recent outflows from BlackRock Bitcoin ETF and others appeared to have weighed on the investors’ sentiment. The post Breaking: BlackRock Bitcoin ETF Records Largest Outflow Since Launch appeared first on CoinGape .
Bitcoin buying led by Coinbase launches BTC price action back toward the six-figure mark.
Michael van de Poppe predicts significant potential for Bitcoin's price growth. He emphasizes the ongoing opportunities for altcoins in the current market cycle. Continue Reading: Michael van de Poppe Analyzes Bitcoin’s Potential for Growth The post Michael van de Poppe Analyzes Bitcoin’s Potential for Growth appeared first on COINTURK NEWS .