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đ„ BREAKING: Bonk_inu, a memecoin built on the #Solanađ° blockchain, reveals the debut of the $BONK ETP in the USA đșđČ.
This development signifies the initial phase in the creation of the inaugural BONK #ETF.
This development signifies the initial phase in the creation of the inaugural BONK #ETF.
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Bitcoin suddenly plunged, falling 4.44% on the day. The cumulative increase this year has exceeded 145%. What is the future trend of Bitcoin?
On the morning of December 11, Beijing time, according to Bitstamp quotations, Bitcoin plunged during the session, falling 4.44% during the day. It was close to US$40,500 during the session, down more than US$3,000 from the intraday high. It is now trading at US$41,807 per coin.
According to 8marketcap data, the market value of Bitcoin has now surpassed Meta, rising three places to rank ninth in global asset market value. The market value is approximately US$856.73 billion, an increase of 11.07% in 7 days. The market value of Meta is approximately US$855.12 billion, an increase of 2.44% in 7 days.
Since the beginning of this year, Bitcoin has started a "mad bull" market, with a cumulative increase of more than 145% during the year. Affected by the upward trend of the overall market, the total market value of cryptocurrency has grown rapidly. According to Coingecko data, the current total crypto market value is close to US$1.5 trillion (approximately RMB 10.7 trillion).
According to a report by the Securities Times on December 5, in response to the surge, some analysts pointed out that the expectation that the Bitcoin spot ETF will be approved in the United States next year, coupled with the rising expectations of the Federal Reserveâs interest rate cut, has triggered excitement about the cryptocurrency market and promoted Bitcoin prices have surged recently.
According to data from the investment platform eToro and discussions on social media, U.S. retail investors are pouring into the virtual currency market, and cryptocurrency positions on the eToro U.S. platform have increased by 28% month-on-month. Currently, some market analysts are increasingly optimistic about the Bitcoin market, and some analysts even boldly shouted: "The price of Bitcoin will exceed the US$100,000 mark in 2024."
However, in the face of the recent surge in the virtual currency market, many analysts have warned of risks. Among them, Ayyar, vice president of international markets from cryptocurrency exchange CoinDCX, warned that if the Bitcoin ETF is rejected by US regulators again. The current Bitcoin rally may come to an end and the correction may continue.
He further stated that this round of Bitcoin rally is largely based on the expectation that the Bitcoin spot ETF will be approved.
Ayyar said: "A blanket rejection of the Bitcoin ETF could also wreak havoc on the cryptocurrency market, so it will definitely need to be watched closely."
Invest in the currency circle, pay attention to Brother Yu, and share with Yue Xianhuo Daily Power Ma for free.No threshold circle
#BTCđ„đ„
#ETF.
On the morning of December 11, Beijing time, according to Bitstamp quotations, Bitcoin plunged during the session, falling 4.44% during the day. It was close to US$40,500 during the session, down more than US$3,000 from the intraday high. It is now trading at US$41,807 per coin.
According to 8marketcap data, the market value of Bitcoin has now surpassed Meta, rising three places to rank ninth in global asset market value. The market value is approximately US$856.73 billion, an increase of 11.07% in 7 days. The market value of Meta is approximately US$855.12 billion, an increase of 2.44% in 7 days.
Since the beginning of this year, Bitcoin has started a "mad bull" market, with a cumulative increase of more than 145% during the year. Affected by the upward trend of the overall market, the total market value of cryptocurrency has grown rapidly. According to Coingecko data, the current total crypto market value is close to US$1.5 trillion (approximately RMB 10.7 trillion).
According to a report by the Securities Times on December 5, in response to the surge, some analysts pointed out that the expectation that the Bitcoin spot ETF will be approved in the United States next year, coupled with the rising expectations of the Federal Reserveâs interest rate cut, has triggered excitement about the cryptocurrency market and promoted Bitcoin prices have surged recently.
According to data from the investment platform eToro and discussions on social media, U.S. retail investors are pouring into the virtual currency market, and cryptocurrency positions on the eToro U.S. platform have increased by 28% month-on-month. Currently, some market analysts are increasingly optimistic about the Bitcoin market, and some analysts even boldly shouted: "The price of Bitcoin will exceed the US$100,000 mark in 2024."
However, in the face of the recent surge in the virtual currency market, many analysts have warned of risks. Among them, Ayyar, vice president of international markets from cryptocurrency exchange CoinDCX, warned that if the Bitcoin ETF is rejected by US regulators again. The current Bitcoin rally may come to an end and the correction may continue.
He further stated that this round of Bitcoin rally is largely based on the expectation that the Bitcoin spot ETF will be approved.
Ayyar said: "A blanket rejection of the Bitcoin ETF could also wreak havoc on the cryptocurrency market, so it will definitely need to be watched closely."
Invest in the currency circle, pay attention to Brother Yu, and share with Yue Xianhuo Daily Power Ma for free.No threshold circle
#BTCđ„đ„
#ETF.
đURGENT NEWS âŒïž
đBlackrock have stated there is no demand for another #ETF. But this is what they donât want you to know đ€Ż
đBlackRock have a history of fudding the market, just before making large purchases. And again they have provided a negative statement towards the upcoming Ethereum ETF. Below is some history on the BTC ETF, and how the $ETH ETF is going to follow: đđ»
đThe introduction of Bitcoin ETFs has had a significant impact on the market.The first #Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), was launched in October 2021, and since then, several other Bitcoin ETFs have been approved by regulatory authorities, each time triggering a large rally. đđ
đThese ETFs have made it easier for institutional investors and retail traders to gain exposure to Bitcoin without directly holding the cryptocurrency. This increased accessibility has led to an influx of capital into the crypto market, driving up demand for Bitcoin and other cryptocurrencies.đ đ§©
đThe approval of Bitcoin ETFs has also contributed to increased market liquidity and reduced volatility. As more institutional investors enter the market, the trading volume of Bitcoin and other cryptocurrencies has increased, making it easier for traders to buy and sell assets at fair market prices.đ đ§©
đMoreover, the introduction of Bitcoin ETFs has helped to legitimize the cryptocurrency market in the eyes of traditional investors. This has led to increased mainstream acceptance of cryptocurrencies and has encouraged more investors to consider adding them to their portfolios.đ đ§©
đBased on this historical data, it is highly likely that the Ethereum ETF will trigger another bull run.đ§©đ
#HotTrends #BNBChain #BOME
đBlackrock have stated there is no demand for another #ETF. But this is what they donât want you to know đ€Ż
đBlackRock have a history of fudding the market, just before making large purchases. And again they have provided a negative statement towards the upcoming Ethereum ETF. Below is some history on the BTC ETF, and how the $ETH ETF is going to follow: đđ»
đThe introduction of Bitcoin ETFs has had a significant impact on the market.The first #Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), was launched in October 2021, and since then, several other Bitcoin ETFs have been approved by regulatory authorities, each time triggering a large rally. đđ
đThese ETFs have made it easier for institutional investors and retail traders to gain exposure to Bitcoin without directly holding the cryptocurrency. This increased accessibility has led to an influx of capital into the crypto market, driving up demand for Bitcoin and other cryptocurrencies.đ đ§©
đThe approval of Bitcoin ETFs has also contributed to increased market liquidity and reduced volatility. As more institutional investors enter the market, the trading volume of Bitcoin and other cryptocurrencies has increased, making it easier for traders to buy and sell assets at fair market prices.đ đ§©
đMoreover, the introduction of Bitcoin ETFs has helped to legitimize the cryptocurrency market in the eyes of traditional investors. This has led to increased mainstream acceptance of cryptocurrencies and has encouraged more investors to consider adding them to their portfolios.đ đ§©
đBased on this historical data, it is highly likely that the Ethereum ETF will trigger another bull run.đ§©đ
#HotTrends #BNBChain #BOME
LIVEDigital Maestro
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đ The price of $ETH fell by 26% after the launch of the #ETF. At the same time, the total net outflow amounted to $420.5 million.
đđœ$BTC vs TradFi - Net Inflows Comparison YTD
Of the 10 largest stock ETFs, only VOO and IVV have raised more dollars than the Bitcoin #ETF.
Of the 10 largest stock ETFs, only VOO and IVV have raised more dollars than the Bitcoin #ETF.
JUST IN: đŠđș Australia's largest #StockExchange , ASX, approves its first spot #bitcoinâïž âŻ#ETF.
Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.
In this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF. $BTC
In this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF. $BTC
