Bitcoin spot ETFs closed the week with a $103 million daily inflow after facing significant outflows earlier.
Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze an Ether rally above $4,000 before Jan. 20.
Ethereum ETFs outperformed Bitcoin ETFs in net inflows, with Ether ETFs attracting $224.9 million in inflows compared to Bitcoin's $35.2 million between Nov. 22 and 27.
Bitcoin spot ETFs have officially hit a major milestone in November, recording $6.2 billion in net inflows the highest ever seen in a single month. This surge broke the previous record of $6 billion set earlier this year in February, signaling growing interest from institutional investors in regulated Bitcoin products.
Since November 5, the XRP market has witnessed substantial growth of at least 218.68%. In the last four days alone, the market has seen a notable surge of over 14.69%. The current price of XRP is just 14.39% lower than the 2021 peak of $1.83558.
XRP, the digital asset associated with Ripple Labs, has decoupled from Bitcoin (BTC), showcasing remarkable price growth. While BTC increased slightly by 0.40% in the last 24 hours, XRP is up over 10%, demonstrating its independence from the leading cryptocurrency.
XRP whale wallets have increased from 1,537 to 1,565 while maintaining a price above $1.50 USD, coinciding with upcoming regulatory changes and technological developments in the broader cryptocurrency ecosystem.
Bitcoin is teasing $100,000 again. Early last week, the price hit $99,000, just a hair's breadth from the magical six figures.
Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and also well-known for authoring the popular book “Rich Dad Poor Dad”, has issued a tweet talking about the growing significance of BTC under the current economic conditions in the US.
Bitcoin remained relatively unbudged on Thursday and throughout this morning after encountering a sharp whipsaw session earlier in the week. The world's largest cryptocurrency fell a full 6% between Monday and Tuesday before changing course with a 4.2% rally at the mid-week point.
The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency.
Bitcoin mining company MARA has purchased 703 additional Bitcoin at $95,395 each, bringing its total holdings to 34,794 BTC valued at $3.3 billion, while maintaining $160 million in reserve for future purchases.
In the context of increased volatility in the crypto market, Bitcoin is undergoing a consolidation phase after nearly reaching 100,000 dollars. Meanwhile, the stablecoin sector is hitting historical highs, and the NFT market is experiencing a remarkable resurgence.
Recently, lawmakers in the country decided to study Bitcoin mining and see how it could help their energy system. They passed a law to research Bitcoin mining at the Canton level.
Why are countries like Brazil and Argentina turning to Bitcoin for economic power?
The Ethereum Foundation once again caused a stir across the broader market on Friday, revealing that it is investing tens of millions into zkVMs (zero knowledge virtual machines). Justin Drake, a renowned researcher at the organization, revealed this investment strategy.
Wealthy investors' appetite for Bitcoin continues to grow as BTC price is once again eyeing the $100,000 milestone level going into December.
Launch of the ETP on Dogecoin: a new era for cryptocurrencies.
It's a big Friday in the crypto world as over $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today! With the market bouncing back from a recent dump, all eyes are on today's massive expiry event.
XRP delivered an outstanding performance on Thanksgiving Day, 28 November 2024, surging by 9.4% to reach $1.60. This rally made XRP the top-performing cryptocurrency among the top 10 by market cap, far outpacing rivals like Bitcoin and Ethereum. Thanksgiving, typically a quiet trading day due to the U.S.
Bitcoin futures open interest (OI) has risen significantly, jumping from $39 billion on Nov. 5 to $60.9 billion following Donald Trump's presidential election victory.
Bitcoin mining firm MARA – formerly known as Marathon Digital – has announced the acquisition of an additional 703 BTC. This purchase increases the company's total cryptocurrency holdings to 34,794 BTC.
Ripple vs SEC: The US Securities and Exchange Commission (SEC) is likely to drop the appeal in the Ripple lawsuit. Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers believe it's “very plausible” that new SEC chair under the Trump administration will drop SEC v Ripple Labs lawsuit.
Ethereum's layer-2 (L2) networks have reached an all-time high in total value locked (TVL), surpassing $51.5 billion—an increase of 205% from $16.6 billion in November 2023.
Investor interest in leveraged Ethereum products has surged, with VolatilityShares' 2x Ether ETF seeing a 160% increase in exposure since early November.
Ripple Labs has made another significant financial contribution to the cause of crypto-friendly policies. The company recently donated $25 million to Fairshake, a bipartisan Super PAC (Political Action Committee) focused on electing candidates who support pro-crypto, pro-growth, and pro-innovation initiatives.
Bitcoin bulls avoid further retests of round-number levels as support as Ethereum finally wakes up.
An analyst who nailed Bitcoin's pre-halving correction this year says BTC may have entered a market cycle phase where steep rallies are in sight.
Bitcoin spot ETFs (exchange-traded funds) witnessed a landmark month in November, with net inflows surging to an unprecedented $6.2 billion. This financial instrument, which offers institutional investors indirect access to Bitcoin (BTC), broke the previous record set earlier this year.
The Ethereum (ETH) network has remained the undisputed web3 leader, with over $69 billion in total value locked (TVL) and more than $103 billion in stablecoins market cap, majorly due to the significant development of its layer-two (L2) scaling solutions.
The cryptocurrency market showed mixed yet promising movement today, November 29, 2024, with Bitcoin (BTC) maintaining its position at $96K, signaling continued market confidence. Meanwhile, altcoins saw varied performances, with some recording significant gains and others showing slight declines.
XRP token soared more than 8% in the last 24 hours, outperforming major altcoins as the market saw a slight broader uptick. The post XRP Jumps 8% as Bitcoin Recovers to $96K Amid Broader Market Uptick appeared first on Cryptonews.
Over the past decade, the global money supply has surged by at least $50 trillion. The crypto market, especially Bitcoin, has benefited immensely from this rise, as BTC is generally considered as a hedge against inflation. Recently, the global money supply has seen a sharp drop.
On November 23, the total Cardano (ADA) large transaction volume was $45.41 billion. Today, the same volume has dropped to $26.34 billion, suggesting that large investors in the market have reduced their exposure to the cryptocurrency.
OKG Research's forecast of $2.28 trillion in bitcoin inflows by 2025 underscores the asset's growing importance in the global financial ecosystem.
After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum.
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Vancouver is the latest city to join the discussions on adding Bitcoin to the government's financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.
Ripple's XRP has been making impressive strides, with a 6% increase in the last 24 hours, bringing its price to just under $1.50. Over the past seven days, XRP has surged by an impressive 36%, positioning it for a potential rally toward the $2 mark.
ETF, accumulations, and miners: the pillars of Bitcoin growth.
Bitcoin price bounced back to $96,400 levels recovering from the lows of $91,000 earlier this week. With $9.4 billion in Bitcoin (BTC) options expiring today, volatility can sweep in again as investors await the next directional move either to $90,000 or $100,000.
Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving.
The cryptocurrency market today has been steady, with a 24-hour gain of 0.16%, taking the total market capitalization to $3.31 trillion. The intraday trading volume also shot up by the same margin, reaching $197.98 billion.
XRP has been in the spotlight for many years. Sometimes for the Ripple Vs XRP case while the other for helping big banks making cross border payment. Many experts believe the suppression by the SEC has been the reason XRP did not get the attention it deserved.
Bitcoin has made a strong comeback, jumping above $96,000 after a dramatic dip to $90K just days ago. This price change has gotten a lot of people talking as Bitcoin gets closer to reaching the $100K mark. Perhaps according to Financelot's latest analysis, Bitcoin could climb as high as $109K before possibly pulling back.
According to 100eyes Crypto Scanner, the Ripple-affiliated XRP cryptocurrency is currently approaching horizontal resistance near the $1.6 level.
Story Highlights Ripple price surges ~7% and reclaims the $1.5 mark today. The technical indicators record increased bullish sentiment. Sustained bullish action could result in the altcoin achieving a new 52-week high. With a favorable development for XRP in the Ripple vs SEC lawsuit, the XRP price has successfully retested its important support level.
As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone. Analysts Skeptical Of Sustaining Momentum Toward $100,000 Recent fluctuations in Bitcoin's price have been attributed to a combination of profit-taking by long-term holders and broader market dynamics.