Founder of SkyBridge Capital Anthony Scaramucci has taken to Twitter to draw attention to the fact that BlackRock's Bitcoin inflows have reached a new high. According to Scaramucci, BlackRock's spot-based Bitcoin ETF, IBIT, has seen inflows of $5 billion, surpassing the $3 billion mark within the first month of its launch.
An enormous volume of Shiba Inu tokens, amounting to a colossal 3.2 trillion SHIB, has been transferred within just 24 hours. This significant movement of tokens has caught the attention of the cryptocurrency community, sparking speculation about its potential implications.
Bitcoin ETFs have witnessed a remarkable surge in investment activity, with a substantial influx of $631 million reported in the past 24 hours. According to data from BitMex Research, eight Bitcoin ETFs collectively accumulated 12,736 BTC during this period, indicating a significant uptick in investor interest.
Craig Wright, famously known for his claims of being Satoshi Nakamoto, recently faced scrutiny from XRP lawyer John E. Deaton, for what he perceives as historical inaccuracies and blatant falsehoods.
Bitcoin (BTC) has once again made headlines by surpassing the $50,000 threshold, trading at $51,186. This represents a 2.19% increase in the last 24 hours and a significant surge of 19.23% over the past week.
Shiba Inu's blockchain solution, Shibarium, has recently observed a substantial surge in online engagement, indicating multiple-digit growth within a 24-hour period. The platform's metrics reflect a notable uptick in user participation, underscoring its growing prominence within the crypto community.
Ethereum traders are noticing a possible bearish reversal pattern on the ETH chart. The pattern, known as a double top, consists of two consecutive peaks at similar price levels, separated by a moderate trough. This pattern suggests that the bullish momentum is weakening and that the bears may soon take control.
Whale Alert, the blockchain monitoring and analytics platform, has reported a substantial transfer involving Ethereum (ETH), the second-largest cryptocurrency by market capitalization. According to Whale Alert's tweet, a whopping 11,999 ETH, valued at approximately $31,846,205, was transferred from Binance, one of the leading cryptocurrency exchanges, to an unknown wallet.
In a recent tweet, a member of the crypto community unveiled a groundbreaking theory concerning the stock float compression of MicroStrategy (MSTR). The individual elaborated on what they termed the "compression multiple theory," drawing parallels between the trading dynamics of GameStop (GME) during the 2021 short squeeze and the current situation with MSTR.
Whale Alert, a cryptocurrency tracking service, has recently detected the activation of an ancient Ethereum pre-mine address. This address, which had been dormant for 8.5 years, contains 100 ETH, valued at approximately $262,757. However, this is not an isolated event. Over the past few months, several other dormant Ethereum addresses have also come to life, causing significant movements in the crypto landscape.
Cardano (ADA) has experienced a surge in price, surpassing the 50-day EMA (Exponential Moving Average). This breakout indicates a strong bullish sentiment and presents growth opportunities for investors. The current support level for ADA is around $0.50, which has acted as a strong bounce point for the price. Maintaining this support level could lead to ADA targeting the next resistance level at approximately $0.60. If ADA continues to close above the 50 EMA, buying pressure may increase, potentially pushing the price to higher levels, with $0.65 as the next major target.
In the latest market update, CoinStats reports that buyers continue to hold the upper hand in the Bitcoin market. However, there are some bearish signals that traders should be aware of.
The XRP price has recently experienced a rally, joining the broader crypto market. It has successfully moved out of the bear zone, with a 1.3% increase at the time of writing, reaching $0.5197. Over the past week, XRP has not only erased its losses but also gained 3.85%. This has helped trim its monthly loss to 9.2%.
According to Reuters, billionaire Peter Thiel's venture capital firm, Founders Fund, is once again investing in Bitcoin and Ethereum, indicating a resurgence of interest in the cryptocurrency markets in Silicon Valley.
VC investor and Bitcoin podcaster Anthony Pompliano has made a bold prediction about the future price of Bitcoin. Contrary to popular belief, Pompliano believes that the recent surge to $50,000 is not the end for the flagship cryptocurrency. In fact, he asserts that the price of Bitcoin has to go even higher.
Legendary Bitcoiner, macro economist, and investor Tuur Demeester, editor-in-chief of Adamant Research, has shared some details about the upcoming bull market. In this article, we will explore why this bull market will be different from the 2021 rally.