Spot bitcoin (BTC) exchange-traded funds (ETF) in the U.S. notched record inflows last week, but weaker demand in the next day or so could trigger the next leg down for bitcoin’s price, according to crypto analytics firm 10X Research.The 10 ETFs combined pulled in $2.6 billion in fresh funds in the five days ended March 15, per data from Farside Investors, but most of the net inflows happened from Monday to Wednesday propelling BTC to new all-time highs of near $74,000. The bitcoin ETFs only booked $133 million and $198 million of net inflows on Thursday and Friday, respectively, while…
Author: Web3 Daily Press Staff
Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors.Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors.Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors.Mar 18, 2024, 4:05 PMUpdated Mar 18, 2024, 4:07 PMData…
Litecoin is trading lower by 3.7% to $82.03 during Monday’s session. Several altcoins are trading lower in sympathy with Bitcoin amid the apex crypto pulling back marginally after recently hitting a new all-time high.Investors often view Bitcoin as a bellwether for the broader cryptocurrency market. When Bitcoin reaches new all-time highs, it typically generates excitement and optimism among investors, leading to increased buying pressure not only for Bitcoin but also for other cryptocurrencies, including Litecoin. Conversely, a pullback in Bitcoin’s price can trigger uncertainty among investors, causing them to reassess their positions in other cryptocurrencies as well.See Also: $10 Million…
Shiba Inu (SHIB), the second-largest meme coin, has recently garnered significant attention in the cryptocurrency market. SHIB is often considered a serious contender compared to Dogecoin. However, the token has demonstrated a notable performance in 2024 thus far. At the beginning of the year, SHIB was trading below $0.000010 before experiencing a rally of over 450%, reaching a peak of $0.000045 in mid-February. Despite remaining 67% below its all-time high from 2021, this recent price action indicates a resurgence of interest and positive sentiment surrounding the viral crypto. Currently trading around $0.00002871 after a period of consolidation, SHIB seems to…
VeChain (VET) has seen a significant rally over the last two weeks. The asset’s price shot up on Feb. 14, 2024, likely due to the V3TR trademark registration in the United States. The project aims to enter the financial transactions sector, covering billions in value. VET has surged by 6.1% in the daily charts, 4.5% in the weekly charts, 58.8% in the 14-day charts, and more than 73% over the previous month. Moreover, the asset is up by 76.5% since February 2023. Source: CoinGecko Also Read: VeChain: ChatGPT Predicts VET Price After Bitcoin Halving How high can VeChain (VET) go in…
InvestorsObserver gives Tether USDt an average long-term technical score of 54 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. USDT at this time has a superior long-term technical analysis score than 54% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating…
SafeMoon Inu receives a weak long-term technical score of 6 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, SMI holds a superior long-term technical analysis score than 6% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have…
As the crypto market fluctuates, investors are looking for safe havens and new opportunities. In this volatile environment Koala Coin (KLC) presale has garnered attention as a stable and promising pillar. With its $0.014 pricing and lifelong liquidity Koala Coin (KLC) has garnered premium attention in its stage one phase.Embrace the Meme Magic with Koala Coin (KLC)Rising above the typical cryptocurrency offering Koala Coin (KLC) melds the world of memes with digital currency in an endearing union. Built on a foundation of internet culture Koala Coin (KLC) aims to cultivate a lively community driven by the charm of memes.Its sophisticated…
A non-fungible token (NFT) artist going by the pseudonym Kero broke the crypto internet after he raised more than $10 million in Solana (SOL) in less than a day during the presale of a meme coin, which apparently started for a laugh. Kero launched the presale after conducting a poll on X on whether they should launch a coin on Solana “for fun” to mark the occasion of joining the network. Im not on Sol yet, to start it right should we make a SOL Shitcoin for fun ?— Kero 🐸🦇🔊 (@KeroNFTs) March 14, 2024 After garnering more than 5,000…
Dogecoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving Dogecoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Dogecoin! This news is republished from…