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The Crypto Basic
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DAMN, a freshly launched meme coin on Shiba Inu (SHIB) blockchain Shibarium, has gained massive traction, becoming one of the hottest coins on market tracker DEXTools.
#DAMN
#SHIBA🔥
#Crypto
#CryptoNewsFlash
#CryptonewswithJack
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A dormant Bitcoin address containing 50 BTC recently came back to life after being inactive for more than 14 years. Popular whale tracking service Whale Alert called attention to the development today in an X post. According to Whale Alert, this Bitcoin address has been dormant since 2010, when the entire 50 BTC portfolio was valued at just $2. The wallet emerged from dormancy in the early hours of today after initiating two transactions. At the time of the transactions, the value of the 50 BTC had skyrocketed to a whopping $3,387,175 ($3.38 million), representing an ROI of 169,358,650%. This suggests that the Bitcoin whale acquired 50 BTC in July 2010, when BTC was worth $0.04 per coin. Fast-forward to the time of the latest transaction, the premier asset’s value had surged to $67,743. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewss
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Demand for U.S. spot Bitcoin ETFs has reached its highest level in six months, with net inflows totaling 64,962 BTC over the past 30 days. Ki Young Ju, the founder of CryptoQuant, highlighted this significant trend in a post on X today. This surge indicates that the U.S. Bitcoin ETF market has seen a remarkable $4.39 billion in new capital over the past month. The last comparable record was noted in April when Bitcoin traded above $72,000. The subsequent bearish trend in Bitcoin’s price performance was also reflected in ETF flows. Specifically, spot Bitcoin ETFs experienced a decline in holdings for most of May, coinciding with Bitcoin’s initial retracement below $56,000. However, this trend quickly reversed, with positive inflows reaching monthly highs from June to August before another downturn began in early September. This bearish trend shifted on September 18, when the U.S. economy welcomed a historic interest rate cut, making investments in crypto assets more attractive. Since then, the positive inflow to Bitcoin ETFs has continued, recently reaching a six-month high. The massive uptick in ETF holdings confirms renewed interest from institutional investors, with market participants hopeful that this could catalyze further price gains. #Bitcoin #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
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