Posts

Showing posts with the label bull market

Bitcoin ETF Inflows Jump 146% Amid 3-Day Streak: Is Bull Market Nearing?

Image
It has been a fantastic start to the week for the leading cryptocurrency, as it has bounced back in a major way. Moreover, Bitcoin ETF inflows have increased 146% amid an ongoing 3-day streak, leaving many to question if a bull market is nearing for the asset class. The token had briefly broken through the $94,000 mark as it has been increasing steadily over the last two days. Indeed, it has been fueled by a shifting sentiment that has benefited a host of financial markets. Therefore, could there be even more gains approaching for the token? Source: Watcher Guru Also Read: Deutsche Bank, Standard Chartered Eye Expanded US Crypto Operations Bitcoin ETFs Continue Bounce Back as Sentiment Is Starting to Shift Tuesday proved to be major for Bitcoin, as the asset has been surging. It officially overtook Google as the fifth-largest asset in the world. Moreover, it has shown signs that increased price movement could be in its future. Specifically, its investment fund has been doing increasing...

Bitcoin adds 154 new millionaires daily in 2024

It is no secret that Bitcoin (BTC) had a stellar year in 2024, reaching a new all-time high (ATH) of over $73,000 in the first six months and surging past the $100,000 psychological level in December BTC investors reaped significant benefits from the rally, as Finbold research found that, between December 31, 2023, and December 31, 2024, an average of 154 addresses holding over $1 million worth of Bitcoin were created daily. The total increase in such addresses in the 366 days (2024 being a leap year) that elapsed amounts to approximately 56,325, per the data Finbold retrieved from BitInfoCharts using the Internet Archive’s Wayback Machine .  Specifically, their numbers totaled just under 97,000 on the last day of 2023 and just over 153,000 on the final day of 2024 – a 58.21% increase. In particular, a total of 48,738 addresses holding between $1 million and $10 million were added, along with 7,587 addresses holding over $10 million.  ...