Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Nate Geraci of The ETF Store predicts a combined spot ETF for $BTC, $ETH, and $SOL. With spot Ethereum ETFs launching July 23, the crypto market remains bullish. Meanwhile, Bitcoin prices hit $68K, Ethereum $3550, and Solana $180, with surging trading volumes. #CryptoNews
Bitcoin hits a new high at $67,539, with a 13.4% weekly surge boosting its market cap to $1.32T. Donald Trump to speak at Bitcoin 2024 conference. FTX settles $12.7B with CFTC; WazirX hacked for $235M. $ETH ETF launch may push price to $5K. #Update
JPMorgan analysts see Bitcoin’s current $67K price as inflated, predicting sustainable growth from Aug 2024. They note reduced market pressures from Mt. Gox payouts and German crypto sales by mid-2024 could drive long-term gains. Trump win may soften regulations. #Update $BTC
Crypto market may rally this week due to key events: the Bitcoin Conference, potential U.S. SEC approval of the Spot $ETH ETF, and expected U.S. Q2 GDP growth to 1.9%. Watch for PCE Inflation data. Trump may announce Bitcoin as reserve asset, boosting $BTC and broader crypto. #CryptoNews
Ethereum ($ETH) surged 15% since July 10, hitting $3,835.43 at its peak. The SEC may approve spot Ether ETFs soon, boosting market credibility. Meanwhile, Tornado Cash sees $2B in deposits despite U.S. sanctions. #CryptoNews
Spot Bitcoin ETFs in the US have hit a milestone with over $17B in YTD net flows as of July 19. $IBIT leads with $1.2B in trading volumes, followed by $FBTC with $410M. Institutional investors drive this growth, with 79% increasing their holdings. #CryptoInvesting
Between July 15-19, 2024, spot Bitcoin ETFs saw a net inflow of $17.08B, led by FBTC. On July 19 alone, inflows hit $383.6M. Bitcoin’s price rose 14.4% to $66,541. #Update #BitcoinETF
Dogecoin ($DOGE) sees a 15% weekly price increase due to significant whale accumulation. One whale acquired 800M DOGE ($101M) from Robinhood. With 75% of holders in profit and 67% as long-term investors, DOGE adoption hits 90M addresses. Current price: $0.1264. #CryptoNews
On July 19, 2024, American spot Bitcoin ETFs saw a $383.6M net capital inflow, led by $141.02M from the Fidelity Wise Origin Bitcoin Fund. In contrast, Hong Kong faced a 44.97 BTC outflow. Five new Bitcoin ETFs launch on Cboe July 23. #Update #Bitcoin #ETF
Note: Ensure to verify the Fidelity Wise Origin Bitcoin Fund’s Twitter handle if available.
Allium raised $16.5M led by Theory Ventures, boosting its total to $21.5M to enhance blockchain data infrastructure for enterprises like Visa and Stripe. Bima Labs secured $2.25M to develop Bitcoin-backed stablecoins. #Crypto #Update
In the week of July 13-20, 2024, 22 crypto projects secured $82.6M in funding. Leading were @Allium with $16.5M and @Chainbase with $15M. Significant investments include Mira’s $9M and Caliza’s $8.5M. Smaller projects like Haruko raised $6M. #Update #CryptoInvestments
.@BitwiseInvest CEO Hunter Horsley reveals a major U.S. bank has invested heavily in Bitwise’s Bitcoin ETFs. This marks a key milestone in crypto adoption, with 20% of the bank’s wealth management branches buying in. Bitwise’s Bitcoin ETF holds 40,499.93 BTC valued at $2.71B. #CryptoNews
Cboe will launch five spot Ethereum ETFs on July 23, 2024, confirmed by Nate Geraci from @ETFStore. Grayscale Investments increases fees while others waive them. Ethereum trades above $3500, up 11% weekly. This can boost crypto investment. #Ethereum $ETH
#Update Investors are excited as the spot $ETH ETF approval nears in 3 days. Yet, ETH supply rises by 60,000 ETH/month since April, totaling a 150,000 ETH increase recently. Analyst Benjamin Cowen points to Fed policy for price moves. Potential multi-billion dollar inflows seen by end of 2024.
