Solana outflows last week amounted to $5.3 million. Bitcoin accounted for a large portion of the inflows amid impending approval of a spot ETF. 2024 started off on a good note, with digital asset investment inflows hitting $151 million in the first week. However, Solana (SOL) did not contribute much to the fund despite having an impressive year in 2023. Instead, it recorded more outflows, CoinShares reports. According to AMBCrypto’s assessment of the weekly report, the Solana leak amounted to $5.3 million. There were many reasons why sentiment towards altcoins changed. But what was noteworthy was the price of Bitcoin…
Author: Crypto Flexs
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There are thousands of cryptocurrencies on the market today, each with unique features and growth potential. However, one particular cryptocurrency that has been gaining attention in recent months is BetaCoin. With innovative technology and strong community support, BetaCoin is poised to become the next big thing in the cryptocurrency world. Why BetaCoin is superior There are several factors to consider when choosing which cryptocurrency to invest in. One of the main reasons BetaCoin stands out is its focus on scalability and sustainability. The BetaCoin network is designed to process large numbers of transactions quickly and efficiently, making it a practical…
As the financial world waits to see when and which Bitcoin spot ETF applications will be approved, Standard Chartered Bank on Monday released a forecast that the Bitcoin price will hit $200,000 by the end of 2025.“If ETF-related inflows materialize as expected, we believe levels closer to $200,000 by the end of 2025 are possible,” Jeffrey Kendrick, head of financial research at Standard Chartered Bank, said in a note to investors.Bitcoin ETFs are designed to track the current price of Bitcoin and follow Bitcoin’s price movements, allowing investors to gain exposure to the digital asset itself without having to purchase…
Binance’s announcement on January 8, 2024 marked a significant change in its blockchain strategy with BNB Chain Fusion. The goal of this plan is to unify the current dual-chain architecture of BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20) into a single, streamlined blockchain by April 2024. The primary goal of this integration is to improve operational efficiency. Increases security by addressing vulnerabilities and complexities that arise from maintaining two separate chains. BEP-2 tokens, known as Binance Chain Evolution Proposal 2, are a technical standard that defines the token rules within the Binance Chain ecosystem. This token is similar…
Bitcoin price was able to clear the $44,500 and $44,700 resistance levels. BTC is up over 5% and may soon attempt a move towards $48,000. Bitcoin is gaining speed above the $45,500 resistance zone. The price is trading above $45,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), there is a break above the main contraction triangle with resistance close to $44,000. Unless the pair closes below $44,000, it could continue to rise towards the $48,000 level. Bitcoin price begins a new rise Bitcoin price started a new rise above…
With spot Bitcoin exchange-traded funds currently dominating the cryptocurrency narrative and market sentiment, Ethereum is lagging behind. However, if BTC funds are approved, these stories could soon turn into the world’s second largest digital asset. The cryptocurrency market hit a 21-month high with a total market capitalization of $1.8 trillion, driven by spot Bitcoin ETF hype. As expected, Bitcoin is leading, with some altcoins hitting double digits, but not Ethereum. Ethereum is vastly undervalued January 9 Cryptocurrency investor ‘DC Investor’ said His 235,000 X followers said Ethereum “will perform better and retain more value than most assets after this cycle.”…
Posted 1 minute ago In ~ The Singapore affiliate of South Korean cryptocurrency exchange Upbit has obtained a Principal Payment Institution (MPI) license from the city-state’s top financial regulator. The license issued by the Monetary Authority of Singapore comes less than three months after the company received in-principle approval from the regulator in October.“Upbit Singapore is poised to become a nexus of institutional activities, leveraging Singapore’s strong regulatory framework and reputation as Asia’s leading financial center,” said Alex Kim, Founder and CEO of Upbit Singapore. From the statement On Monday.“We will increase the list of available digital assets along with…
January 9th Bitfinex Alpha | Bitcoin fluctuates ahead of ETF decision Posted at: 05:52h On Bitfinex Alpha Posted by Tammy As we enter the new year of 2024, Bitcoin continues to fluctuate strongly and shows no signs of slowing down! Despite rising 57% in the final quarter of 2023 and 155% for the full year, in just three days of 2024, BTC fell 11% on January 3, Bitcoin’s block creation day. Reports that the long-awaited Bitcoin spot ETF may not be approved have led to billions of dollars in unpaid interest being written off and both long and short positions…
The Lazarus Group, a notorious hacking group known to be backed by North Korea, recently began large-scale Bitcoin trading, sparking speculation about its future moves in the cryptocurrency sector. On January 8, the group transferred 27,371 BTC, worth about $1.2 million, in two separate transactions that analysts suspect were cryptocurrency mixers. This action ended a period of inactivity and sent 3.343 BTC (approximately $150,582) to the previously used inactive address. The cryptocurrency is currently worth approximately $82,403,084.35. Lazarus Group account. Blockchain experts at Arkham Intelligence, who reported these transactions, said Lazarus Group’s portfolio held approximately $79 million after the transactions.…
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