A popular cryptocurrency strategist believes that two hot memecoins are racing towards new all-time highs. Pepe (PEPE) has more gas left in the tank after surging more than 140% this month, pseudonymous analyst Bluntz tells his 260,500 followers on social media platform X. Top trader shares charts suggesting PEPE could soar to a new high of $0.000028. “Despite the all-time record, I think PEPE will continue to be the fastest horse for years to come.” Source: Bluntz/X As of this writing, Pepe is worth $0.000016, which represents a 75% upside potential if the memecoin reaches Bluntz’s goal. Next, the analyst…
Author: Crypto Flexs
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BlackRock’s IBIT flips Grayscale’s GBTC in Bitcoin ETF holdings. IBIT holdings surged to 288,670 BTC compared to GBTC’s 287,450 BTC. One of the top Bitcoin news headlines today is that BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed Grayscale’s Bitcoin Trust (GBTC) to become the world’s largest Bitcoin exchange-traded fund (ETF). On May 28, inflows into IBIT reached $103 million, while GBTC recorded outflows of $105 million. Overall, the spot Bitcoin ETF market recorded net inflows for 11 consecutive trading days on May 28, totaling over $45 million. IBIT Surpasses GBTC to Become Largest Bitcoin ETF BlackRock’s IBIT recorded inflows of…
Long-term Bitcoin holders have begun re-accumulating for the first time since December 2023 after months of selling, according to Glassnode data.“Just shy of all-time highs, Bitcoin continues to consolidate as long-term holders begin to re-accumulate the coin for the first time since December 2023,” according to a report from the market intelligence firm today.Analysts noted a significant cooling in spending pressure from long-term holders last week as investors returned to accumulation patterns. This suggests that volatility is needed to trigger a new selloff.The report also identified market indicators that suggest a recovery in buy-side demand. Glassnode explained this by saying…
Recent analytical insights from FireCharts 2.0 reveal significant movements by key stakeholders in Bitcoin (often referred to as “whales”) that are influencing the cryptocurrency’s price movements. These stakeholders are changing liquidity patterns in ways that suggest a strategic push toward more tightly controlled trading horizons. What are Bitcoin whales doing? According to Material Indicators, an advanced trading analysis tool, there has been a noticeable adjustment in the distribution of liquidity within the Bitcoin order book. Specifically, at higher price points, sell liquidity decreases and bid liquidity increases from $60,000 to $67,000. These dynamics are set to compress Bitcoin’s price into…
BlackRock’s iShares Bitcoin Trust IBIT has become the largest Bitcoin ETF, surpassing Grayscale, with $19.68 billion in holdings. BlackRock’s Bitcoin ETF takes first place after $102 million inflows appeared first on Crypto Briefing
Development of Ethereum has been progressing increasingly quickly this past month. The release of PoC5 (“proof of concept five”) last month the day before the sale marked an important event for the project, as for the first time we had two clients, one written in C++ and one in Go, perfectly interoperating with each other and processing the same blockchain. Two weeks later, the Python client was also added to the list, and now a Java version is also almost done. Currently, we are in the process of using an initial quantity of funds that we have already withdrawn from…
Binance Launches Weekly Wednesday Profit BenefitsAccording to Binance, the world-renowned cryptocurrency exchange, new limited-time offers will be available every Wednesday under the banner Earn Wednesday. The initiative offers users a variety of investment opportunities across multiple platforms, including Simple Earn, BNB Vault, ETH Stake, and Dual Investment.Popular limited-time productsBinance has launched a variety of flexible and fixed products that are available on a first-come, first-served basis. Users can view their assets by going to Wallet > Earnings. A notable feature is the ability for users to redeem their assets in advance through Simple Earn Locked…
SOL surged 165% from the end of January to the end of March. Solana has been integrated into a strong penant since early March 2024. Solana (SUN) From the end of January to the end of March, it was integrated into a strong pennant after experiencing a 165%surge. At press time, Solana was priced at approximately $167.30. SOL was still consolidating in a bullish pennant ahead of a possible continued surge. If the price falls beyond the demand zone, a further decline towards the pennant support level is possible. However, if the price bounces back from the demand zone after…
Cardano (ADA) revised gains and tested the $0.4520 support area. ADA would need to hold above the $0.450 support to initiate a new upward move. ADA price is struggling to gain bullish momentum above the $0.4750 area. The price is trading below $0.460 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair (data source from Kraken), a breakout occurred above a bearish trend line connecting with resistance at $0.4570. A close above $0.4620 could give the pair some bullish momentum. Cardano price testing support In the last few sessions, Cardano started a downward trend after…
In a notable change in the cryptocurrency market, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed Grayscale Bitcoin Trust (GBTC) to become the world’s largest Bitcoin exchange-traded fund (ETF). According to recent data from SoSoValue, IBIT currently holds $19.68 billion in Bitcoin (BTC), slightly ahead of GBTC’s $19.65 billion. How did Grayscale’s GBTC lose its #1 spot to BlackRock’s IBIT? This milestone, which comes nearly five months after the approval of the spot Bitcoin ETF, marks an important era for cryptocurrency financial products. Grayscale charged a 1.5% fee for the GBTC ETF, much higher than its competitors. Grayscale has therefore gradually…