Crypto Currency

Crypto bull run has more room to run as BitBot token sale thrives

Cryptocurrencies have continued their remarkable rally this year, outperforming traditional assets like stocks and commodities. Bitcoin has jumped by 57% in 2024, beating the tech-heavy Nasdaq 100 index, which is up by only 7.25%. Cryptocurrencies are thriving Most notably, cryptocurrencies have beaten gold even as it trades at its all-time high. And most analysts now


Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution

Cryptocurrencies have continued their remarkable rally this year, outperforming traditional assets like stocks and commodities. Bitcoin has jumped by 57% in 2024, beating the tech-heavy Nasdaq 100 index, which is up by only 7.25%.

Cryptocurrencies are thriving

Most notably, cryptocurrencies have beaten gold even as it trades at its all-time high. And most analysts now predict that the iShares Bitcoin Trust (IBIT) will have more assets than the SPDR Gold ETF (GLD), which has over $56 billion in assets. IBIT has added about $13 billion in about two months.

Token sales are also doing well. As we have written recently, Bitcoin Dogs has raised over $9 million in the past 30 days, making it the fastest-growing token sale this year. BitBot, another token, is about to raise over $1 million.

The trend in the cryptocurrency market is expected to continue in the foreseeable future. For one, there is the rising demand for Bitcoin from institutional investors. In a Tweet, Bill Ackman, the respected billionaire, said that he may consider investing in Bitcoin.

The other evidence that institutions are doing well is that there is strong inflows in most Bitcoin ETFs. The only fund that is not doing well is the Grayscale Bitcoin Trust (GBTC), which has lost substantial sums of money because of its high fees.

Meanwhile, Bitcoin halving is expected to happen in April, which will lead to more supply challenges. Other coins like Bitcoin Cash, Ethereum Classic, and Bitcoin SV will also have their halving soon. 

The other catalyst for Bitcoin and other cryptocurrencies is the possibility that the Securities and Exchange Commission (SEC) will approve a spot Ethereum ETF this year. That ETF will likely see more institutional demand at a time when Ethereum supply is waning. 

BitBot token sale is doing well

All these factors, coupled with the potential easing cycle by the Federal Reserve and other central banks means that BitBot will likely see more inflows. 

BitBot, as you can see in this white paper, is a cryptocurrency project that seeks to become a major player in the Telegram bot market.

The developers aim to provide a Telegram bot that will send accurate signals to traders from around the world. 

This is a highly competitive market, with the number of these bots expected to con

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Crypto Currency

Strategy Puts Almost $1.1 Billion Into Preferred Stock Buybacks Since October, Dwarfing Bitcoin Spending

TLDR Strategy bought 1,036 Bitcoin for $81.9 million last week, its second straight weekly buy. It spent $188.3 million on Stretch preferred share buybacks in the same week. Buybacks since October total about $1.06 billion, versus $219.7 million spent on Bitcoin. Holdings now stand at 850,364 Bitcoin…

TLDR Strategy bought 1,036 Bitcoin for $81.9 million last week, its second straight weekly buy. It spent $188.3 million on Stretch preferred share buybacks in the same week. Buybacks since October total about $1.06 billion, versus $219.7 million spent on Bitcoin. Holdings now stand at 850,364 Bitcoin…
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Crypto Currency

Bitcoin could dip to $67k amid $1.3 billion ETF outflows

Key takeaways Bitcoin (BTC) trading volume surged more than 200% over 24 hours as the cryptocurrency fell toward $75,000.  US spot Bitcoin ETFs recorded approximately $1.3 billion in weekly net outflows, while the Crypto Fear and Greed Index dropped to 28.  Bitcoin risks extending its decline toward $71,500 and $67,000 after losing its 200-day Exponential


Key takeaways

  • Bitcoin (BTC) trading volume surged more than 200% over 24 hours as the cryptocurrency fell toward $75,000. 
  • US spot Bitcoin ETFs recorded approximately $1.3 billion in weekly net outflows, while the Crypto Fear and Greed Index dropped to 28. 
  • Bitcoin risks extending its decline toward $71,500 and $67,000 after losing its 200-day Exponential Moving Average (EMA). 

Bitcoin (BTC) remains under heavy selling pressure as trading activity surges and investors reassess the cryptocurrency market’s outlook following the US midterm elections.

The world’s largest cryptocurrency recently fell toward $75,000, triggering a sharp increase in market activity. 

Bitcoin’s trading volume jumped more than 200% over 24 hours, reflecting heightened volatility as traders reacted to deteriorating sentiment and significant leveraged position liquidations.

Bitcoin ETF outflows reach $1.3 Billion as institutional investors retreat

Institutional demand for Bitcoin has weakened sharply, with US spot ETFs recording substantial withdrawals during the latest market correction.

According to SoSoValue, Bitcoin ETFs experienced approximately $1.3 billion in net outflows over the past week.

The outflows continued, with another $201.80 million withdrawn from the funds on Monday. 

The persistent redemptions suggest that institutional investors are becoming increasingly defensive amid regulatory uncertainty and broader cryptocurrency market weakness.

Consequently, sustained withdrawals can influence market sentiment and potentially increase selling pressure.

The latest outflows also suggest that Wall Street investors are adopting a more cautious approach toward cryptocurrency investments.

The deterioration in market sentiment is also reflected in the Crypto Fear and Greed Index.

The widely followed sentiment indicator has declined to 27, placing the cryptocurrency market firmly in Fear territory.

This represents a substantial shift from approximately 45 days earlier, when the index reached 80, indicating Extreme Greed.

The sharp reversal suggests that investors have moved from aggressive risk-taking toward a more defensive approach.

The Fear and Greed Index considers several market indicators, including volatility, momentum, trading activity, and broader investor sentiment.

Bitcoin technical outlook: BTC risks falling toward $67,000

Bitcoin’s technical outlook has weakened considerably following its recent decline toward $75,000.

The cryptocurrency briefly rebounded from the psychological support level during the latest trading session, but its broader structure remains bearish after falling below the 200-day Exponential Moving Average (EMA).

Trading below this moving average suggests that Bitcoin’s previous bullish momentum has weakened, potentially encouraging additional selling.

Momentum indicators reinforce the negative outlook. The daily Relative Strength Index (RSI) has fallen below 40, indicating deteriorating buying momentum and suggesting that sellers remain in control.

If Bitcoin fails to reclaim the $75,000 resistance level, the next important downside target lies around $71,500

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Crypto Currency

Bitcoin Slips Under $75K as Peter Schiff Says Sell Before a Short Window Closes

Economist and gold advocate Peter Schiff is urging bitcoin holders to sell now, warning that BTC’s slide below $75,000 leaves only “a short window before the crash.” “Make Sure to Sell” Schiff spelled out his case on X on Monday as markets diverged, stating: “In case Bitcoiners haven’t noticed…

Economist and gold advocate Peter Schiff is urging bitcoin holders to sell now, warning that BTC’s slide below $75,000 leaves only “a short window before the crash.” “Make Sure to Sell” Schiff spelled out his case on X on Monday as markets diverged, stating: “In case Bitcoiners haven’t noticed…
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Crypto Currency

MARA Stock Rises 5% as Miner Sells 40% of Its Bitcoin Stash

TLDR MARA Holdings (MARA) closed at $6.64 and was flat after hours following a 4.5% gain in the regular session. The miner sold 13,597 BTC for about $1.1 billion after September ended. It used $750 million to repay every loan backed by its bitcoin. Q3 revenue fell 35% to $164 million…

TLDR MARA Holdings (MARA) closed at $6.64 and was flat after hours following a 4.5% gain in the regular session. The miner sold 13,597 BTC for about $1.1 billion after September ended. It used $750 million to repay every loan backed by its bitcoin. Q3 revenue fell 35% to $164 million…
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