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RLUSD has sparked intense early demand with bids far exceeding its peg, while XRP gained 5% as excitement builds around the launch.
Grayscale’s Bitcoin Trust (GBTC) has faced significant outflows of $21 billion, attributed to high management fees and competitive pressure from lower-cost rivals.
As the end of 2024 nears, BTC price trend gains momentum. Crossing new resistances and preparing for a massive breakout run, Bitcoin targets a dominant rally in the six-digit price realm.
Bitcoin surged past $106,000 as speculation over MicroStrategy’s latest Bitcoin purchase fueled bullish sentiment.
The Bitcoin rally breaking the $2T valuations to reach $100K+ levels projects a prolonged bull run in 2025. Based on the halving cycles and the increasing anticipations around new pro-crypto regulations in the US, the predictions for 2025 are incredibly bullish.
Institutional investors are snapping up Bitcoin ETFs, driven by optimism around Bitcoin’s recent price milestones.
“A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state,” said Republican State Representative Giovanni Capriglione.
Ethereum (ETH) surged 7% to $3,930, amid Bitcoin and broader market recovery following a favourable US SPI data release on Wednesday.
The anticipated approval of a strategic Bitcoin reserve in the United States has heightened the demand for BTC among institutional investors led by MicroStrategy.
Amid the market pullback, Bitcoin tests crucial supports as the selling pressure grows. Although the lower-level demand seems to struggle to absorb the incoming supply, the on-chain indicators signal a long-term rally.
The heavy crypto liquidations in the past 24 hours have cooled off the leveraged and futures open interest markets, thus setting a new precedent for bullish sentiment.
Bitcoin’s recent dip triggers widespread liquidations and market corrections. But growing interest in the crowd to buy discounted coins suggests potential recovery.
Confidence in the digital asset industry has significantly increased amid the ongoing adoption of Bitcoin by nation-states and institutional investors.
The demand for Ethereum has registered a sharp uptick in the past few weeks as Bitcoin price experiences diminishing returns after hitting $100K.
Binance is relaunching its Web3 Binance Wallet with a focus on accessibility, offering a streamlined and user-friendly interface.