Browsing:Crypto News

The most current data available from CoinShares indicates that last week saw record inflows of $2.45 billion globally into crypto funds
1 day ago 1 min read

BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion last week

The most current data from CoinShares indicates that last week saw record inflows of $2.45 billion globally into crypto funds managed by asset managers. This includes BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares. With $5.2 billion raised for digital asset investment products so far this year, the new US-listed Bitcoin exchange-traded funds (ETFs) have proven to be the most successful thus far. According to CoinShares Head of Research James Butterfill, assets under management (AUM) at crypto investment firms have surpassed $67 billion, the highest amount since December 2021, the height of the previous bull market. Not to mention the recent

Worldcoin (WLD) has seen a 20% increase in value in a single day
2 days ago 1 min read

Worldcoin (WLD) surges as Bitcoin leads market surge

Worldcoin (WLD) has seen a 20% increase in value in a single day, following the upward trend of the market as a whole. The crypto market was primarily driven by Bitcoin (BTC) and Ethereum (ETH). Following this, a crypto whale profited from Worldcoin’s rise by transferring 2.09 million WLD tokens from Binance, making a profit of about $2.5 million and demonstrating the high-reward potential present in the erratic crypto market. With Worldcoin’s performance, the crypto market as a whole—particularly for BTC and ETH—has surged to all-time highs. The first spot Bitcoin Exchange-Traded Funds (ETFs) were introduced in the US, which

Worldcoin Project
4 days ago 1 min read

Worldcoin (WLD) experiences a 20% surge in value, drawing in investors

Recently, Spot On Chain disclosed that Worldcoin (WLD) experienced a 20% surge in value, drawing in investors and yielding substantial profits for an undisclosed whale trader amid a surge in artificial intelligence (AI) interest. This whale made a significant purchase of WLD when it transferred 2.09 million tokens from Binance, valued at $5.82 million. As a result, the WLD token saw a price surge of over 25%, adding $2.15 million to the whale’s $8.03 million in holdings. The last 7 days have seen an increase of over 85% for Worldcoin (WLD). With a market cap of $607 million, Worldcoin is

One crypto project centered around artificial intelligence (AI) may rise for months
4 days ago 1 min read

This crypto analyst believes Fetch.ai (FET) may rally much higher from its current value

One crypto project centered around artificial intelligence (AI) may rise for months, according to a well-known crypto analyst. On the social media platform X, the anonymous trader Altcoin Sherpa informs his followers that the decentralized AI platform for applications, Fetch.ai (FET), could rise “much higher” than its current value. Based on his chart, the crypto trader says that FET bounced off the upper bound of a previous trading range at $0.55 and that $0.76 is the next significant level of resistance. As of this writing, FET is trading at around $0.70, up 6.7% over the previous day. In addition, the

VeChain (VET)
6 days ago 1 min read

VeChain (VET) price jumps by over 65% over the past week

The altcoin (other coins than Bitcoin) market has seen a lot of activity during Bitcoin’s recent surge to over $52,000, which was followed by profit-taking. VeChain (VET) is a standout performer in this regard. VET has increased by over 65% in the last 7 days, outperforming many digital assets in the crypto market. VeChain is illustrating a larger trend of gains in the market as it is trading at $0.04809 at the time of writing, which is higher than levels last seen in April 2022. This indicates a noteworthy daily increase of over 35%, along with an increase in trading

Bonk Bonk
7 days ago 1 min read

BONK memecoin surges by over 15% ahead of potential Revolut listing

Solana-based memecoin Bonk (BONK) saw a 15% increase in value due to rumors that it would soon be listed on Revolut’s exchange. Renowned fintech company Revolut is considering collaborating with Bonk on a “Learn and Earn Campaign.” The program, which BonkDAO announced in a note on February 14, attempts to increase the memecoin’s user base by a target of 500,000. The decentralized autonomous BonkDAO, which is in charge of the Bonk project, stated how many people use Revolut—38 million people in more than 50 countries. Reaching its goal of adding more users would be possible for BonkDAO if it could

Stacks (STX) is the crypto that has gained the most out of the top 100
7 days ago 1 min read

Stacks (STX) token surges by over 30% in the past 24 hours, reaching 22-month high

Stacks (STX) is the crypto that has gained the most out of the top 100. The price increase coincides with a 22-month high in the global crypto market capitalization. As of this writing, STX is trading at $2.67, up 27% over the last 24 hours. Earlier today, the asset briefly reached a 26-month high of $2.8, a price last seen in December 2021. After the price increase, STX became the 29th-largest crypto when its market cap surpassed the $3.8 billion threshold. The increase occurs as the value of the entire crypto market exceeds $2 trillion, with Bitcoin (BTC), the most

The crypto market surged by $85 billion in a single day
1 week ago 1 min read

Bitcoin surpasses $52K, leading a massive $85B surge in the crypto market

The crypto market surged by $85 billion in a single day, showing the strength of the financial system. This was fueled by a notable increase in the price of Bitcoin (BTC), which broke above $52,000 for the first time in more than two years. This incredible increase indicates a strong comeback in investor confidence, particularly in light of the recent approval of a Bitcoin ETF, which started a rally across the board. The revolutionary digital asset, bitcoin, saw an incredible surge, breaking through multiple resistance levels and ultimately surpassing the $50,000 mark. BTC demonstrated its volatile yet ascendant nature by

This company predicts Bitcoin price to reach $112,000 in 2024
1 week ago 1 min read

This company predicts Bitcoin price to reach $112,000 in 2024

A company called CryptoQuant, which offers on-chain data and analysis, has projected the price of Bitcoin (BTC) to rise sharply by 2024. According to the company, if the inflows from spot Bitcoin exchange-traded funds (ETFs) continue at the current pace, the price of BTC could reach $112,000 this year. The firm added that the worst-case price for BTC is $55,000, still a 15% rise over its current value. The forecast was based on how inflows affected the market cap of BTC and a ratio that gauges its valuation. According to Ki Young Ju, CEO of CryptoQuant, spot Bitcoin ETF inflows

Bitcoin (BTC) surges past $50,000 for the first time since December 2021
1 week ago 1 min read

Bitcoin (BTC) surges past $50,000 for the first time since December 2021

The price of Bitcoin (BTC), the largest crypto by market cap, has surpassed $50,000 for the first time since December 2021. According to Coinbase data, Bitcoin (BTC) crossed the $50,000 threshold at 11 a.m. Eastern Time (5 p.m. Central European Time) on Monday. BTC has increased in value over the last seven days by more than 15% from its price of less than $22,000 at this time last year. It is now 16% higher than it was a month ago. After several eagerly anticipated exchange-traded funds (ETFs) were approved in January, it appeared as though Bitcoin would have a slow

Puffer Finance
1 week ago 1 min read

Puffer Finance reaches $850 million in TVL

Puffer Finance, an Ethereum liquid restaking protocol, now has $850 million in total value locked (TVL) in it, making it the second-largest of its kind. With the launch of Puffer Finance on February 1st, users can deposit Ethereum (ETH) and receive a liquid staking token that can be used to earn yield from restaking, which is the practice of staking the same Ethereum across multiple protocols to obtain additional yield. DefiLlama reports that Puffer Finance saw a TVL of over $146 million on its first day of operation. In a matter of days, it surpassed projects like Renzo and Kelp

Bitcoin (BTC) surges for the 7th consecutive day
1 week ago 1 min read

Bitcoin (BTC) surges for the 7th consecutive day, currently trading above the $48K mark

Bitcoin is getting close to reaching the much-awaited $50K milestone as investor interest in the recently introduced Bitcoin ETFs rises. A recent report from a senior Bloomberg analyst claims that Bitcoin is rising steadily and has been increasing every day for the past seven days. In recent days, inflows into Bitcoin ETFs have increased sharply, emulating the initial days of the ETF’s introduction. ETF inflows hit over $400 million in a single day, surpassing $9 billion after a month of the launch. Despite the sharp decline in Grayscale’s GBTC ETF, Bloomberg’s senior ETF analyst, James Seyffart, provided updates on the