Last week, the crypto market saw $1.43B inflows, led by $BTC at $1.34B. $ETH had its best week since March with $72M. Altcoins like $SOL, $AVAX, $LINK, and $XRP also gained. U.S. led regional inflows. Anticipated Spot Ethereum ETF approval fuels optimism. #CryptoNews
Bitcoin ETFs have attracted significant institutional investments, reducing long-term volatility. After spot Bitcoin ETFs were approved in January, $BTC surged to over $73,000. Despite market corrections, ETFs now hold 4% of Bitcoin’s supply, stabilizing its price. Experts credit value buyers and institutional investors. #Bitcoin
Spot Bitcoin ETFs saw over $310M inflows on July 12, the highest since June 5. Notable inflows: VanEck Bitcoin Trust ETF ($6.56M), Invesco Galaxy Bitcoin ETF ($4.03M). U.S. spot Bitcoin ETFs now hold 888,607 BTC. #Bitcoin #Update
U.S. Bitcoin ETFs saw a $1.1B influx, hitting a record 888,607 BTC. BlackRock’s IBIT led with $523M, followed by Fidelity’s FBTC with $356M. Global Bitcoin ETF holdings reached 1,051,569 BTC. Despite German liquidations, Bitcoin’s price stabilized, showing strong institutional demand. #CryptoNews
Kraken’s Thomas Perfumo predicts spot Ethereum ETFs could attract up to $1B monthly, potentially driving $ETH to new highs. He cites factors like the upcoming US election, possible rate cuts, and cooling inflation as bullish catalysts. #Ethereum #CryptoNews
Bitcoin ETFs in the U.S. saw five consecutive days of inflows totaling $72.1M as $BTC hit $59K. Bitwise’s BITB and ARK’s ARKB also saw gains, while Grayscale’s GBTC faced $37.7M in outflows. #Update #Bitcoin #Crypto
US spot Bitcoin ETFs recorded $147.37M inflows on July 10, 2024, with Filelity’s FBTC fund leading at $57.79M. Despite @Grayscale’s $GBTC fund outflow of $8.15M, total three-day inflows hit $801M, showing strong investor confidence in Bitcoin. #Bitcoin #Update
Bitcoin rebounds to $58K after a recent sell-off. On-chain data shows a 2-month high in wallets holding over 10 BTC. Whale and shark wallets surged in July, adding 261 more wallets. Custodial wallets amassed 85K BTC, reflecting long-term confidence. #Crypto #Bitcoin
An Ethereum whale withdrew 16,449 ETH ($50.3M) from Binance as the price hit $3,100, ahead of next week’s expected Ethereum ETF approval. This new whale address shows bullish signs, aligning with $10.2M inflows into ETH investment products last week, sparking institutional interest. #EthereumETF
PayPal’s USD-backed stablecoin, PYUSD, has surpassed $500 million in market cap. Launched in August 2023, its rapid growth on Ethereum and Solana networks, and backing by U.S. Treasury bonds, have bolstered investor confidence. PYUSD now ranks among the top 10 stablecoins. #CryptoNews
PayPal’s PYUSD stablecoin hits $500M market cap after expanding to Solana. Weekly transactions surged from $150M to over $500M. 74% of PYUSD is on Ethereum, while Solana saw a 61% supply boost. #Update #crypto
@PayPal @solana
? On July 9, $XRP faced volatility as whale movements totaled 237M coins. Significant transfers included 35.35M to Bitstamp and 150M from Ripple to an unknown wallet. Price dipped 1.33% to $0.4347. With the Ripple lawsuit nearing conclusion, market speculation intensifies. #CryptoNews
U.S. Spot Bitcoin ETFs saw $295M inflows on July 8, driving a market rebound. Global crypto market cap surged 4.2% to $2.22T. $BTC and $ETH prices rose 3.5% and 5.5%. #Update
Ethereum whale from 2016 ICO era transferred 36,000 $ETH to major exchanges in 37 days, raising market impact concerns. Despite this, the whale still holds 231,400 ETH (~$656M). Another large holder moved 10,000 ETH to Kraken on July 8, 2024. #CryptoNews
