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Showing posts with the label market

BlackRock just spent over $300 million buying this crypto

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The world’s largest investment firm, BlackRock, continues to flex its muscle in the cryptocurrency space through the steady accumulation of assets via spot exchange-traded funds (ETFs). To this end, data indicates that the company poured $314.9 million into its Ethereum spot ETF (ETHA) on August 25, marking one of the biggest single-day inflows since trading began. The move was part of a broader buying spree across multiple issuers. For instance, Fidelity attracted $87.4 million, Bitwise added $9.7 million, while Grayscale’s ETH fund recorded $53.3 million in net inflows despite a $29.2 million outflow from its ETHE product.  Invesco and 21Shares also posted smaller gains of $2.2 million and $5.6 million, respectively. In total, Ethereum spot ETFs drew $443.9 million in fresh capital on Monday.  The August 25 surge wasn’t an isolated event. Just days earlier, on August 22, BlackRock recorded another $109.4 million inflow, while Fidelity pulled in $117.9 mi...

Ethereum Trading In ‘No Man’s Land’, But Analyst Says Breakout Is A Matter Of Time

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Pepe Trader Turns Just $2000 Into $10 Million: Here's How

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According to crypto Analysis firm LookOnChain, a trader spent $2184 to buy 1.5 trillion Pepe (PEPE) in its early stage. The trader has sold 1.02 trillion coins for $6.66 million. The wallet still has 493 billion coins worth $3.64 million. In total, the trader made a profit of more than $10 million. When the frog-themed crypto was at its peak, the trader’s holdings were worth around $43 million. Also Read: De-Dollarization: Countries Look For Payments Without US Dollar A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago. This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).https://t.co/tyzLr10sGj pic.twitter.com/FD6fFpyqCi — Lookonchain (@lookonchain) March 29, 2025 PEPE Surges Amid Bearish Market Source: Techpoint Africa The crypto market has faced substantial resistance over the last two months. Bitcoin (BTC) hit an all-time high of $108,786 in Ja...

Dogecoin Whales Accumulate, Is a $0.50 DOGE Surge Coming

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The cryptocurrency market is currently seeing major shifts in its price. The latest carnage did not spare any coin. The meme coin market was among the most affected. Dogecoin (DOGE) has been struggling throughout the month of February. The asset started the month at a high of $0.3407 but soon plummeted to a low of $0.1819. This represented a drop of 43%. While some were panicking about this decrease, whales were quickly accumulating the meme coin. Can the whales add momentum to DOGE’s price? Also Read: Bitcoin Crash Is a Gift How Did Dogecoin Fare Over the Past Day? Source: CoinGape At the time of writing, Dogecoin was trading at $0.1867. The asset recorded a massive drop of nearly 11% over the past 24 hours. Earlier today, DOGE was priced at a high of $0.2112 before dropping to its current low. The past week has been challenging for the meme coin as it decreased by 27% during this period. Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff T...

XRP Surges 7% As Brazil Will Launch World’s First Spot ETF

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A wave of spot exchange-traded funds (ETF) is expected to hit the market soon. While Bitcoin (BTC) is already making headlines, altcoins are set to follow suit. While financial regulators of the United States are still looking into the industry, countries like Brazil are seen making strides. Earlier today, reports revealed that Brazil is all set to introduce what may be the first spot XRP ETF globally following the approval of Hashdex’s XRP fund by the nation’s regulator. Also Read: US Dollar Tariff Impact: Trump’s Tariff Threats Spark Major Forex Volatility XRP ETF In The Making Source: Wikipedia Portal do Bitcoin reports that this new approval is a significant development for the nation’s financial industry as well as for Hashdex. Established on February 18, 2025, the ETF, officially known as the Hashdex Nasdaq XRP Index Fund, is still in its pre-operational stage. The fund’s administrator is a Brazilian brokerage company called Genial Investimentos. According ...

Shiba Inu (SHIB) February 2025 Price Prediction

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The cryptocurrency community has been eagerly looking into the Shiba Inu (SHIB) ecosystem. The meme coin is undergoing increased volatility at the moment. But SHIB had a notable year in 2024. The asset recorded a 71% uptick during this time. As the team behind the asset continues to build and enhance its utility, the community is hoping to witness a rise in SHIB’s price. Despite the meme coin’s slow start to February 2025, can Shiba Inu record a rise? Also Read: ChatGPT Predicts XRP’s Price If Ripple Wins Its Case Against The US SEC Diving Into The Shiba Inu Market Source: Watcher Guru During the time of writing, SHIB was trading at $0.00001606. The asset recorded a 1.67% drop over the past 24 hours. But, it is worth knowing that the meme coin surged by nearly 12% throughout the past week. Source: CoinMarketCap Following its latest fall, Shiba Inu is 82% below its all-time high of $0.00008845. The meme coin claimed this peak back in 2021 during its initial stages. It should ...

Ripple: AI Sets XRP Price For January 5, 2025

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The cryptocurrency market started the year on a bullish note. Several assets witnessed a notable surge over the past day. But Ripple’s XRP, in particular, stood out. The altcoin managed to climb up the cryptocurrency ladder after it recorded a double-digit rise. But the real challenge is if XRP can continue this trend and reclaim its all-time high over the next couple of days. Also Read: What Does De-bank Mean? XRP’s Meteoric Price Rise Source: Trackinsight Ripple’s XRP surged by a staggering 13.36% over the past 24 hours. During the time of writing, the asset was trading at $2.38. Earlier today, the altcoin surged to a high of $2.44 all the way from a low of $2.09. The asset is currently 37.59% below its all-time high of $3.84. This peak was achieved by XRP about seven years ago, in 2018. Source: CoinMarketCap In addition, the market cap of the asset also spiked. XRP is presently the third-largest cryptocurrency after taking over Tether (USDT). The asset’s marke...

Dogecoin 19% Drop Continues: DOGE To Still Target $1 in 2025?

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In what has been a rather surprising reversal for the asset class, Dogecoin has seen its recent 19% drop continue, as traders are pondering if DOGE can still target $1 in 2025. The leading meme coin has been down alongside the greater market, with the holiday season leading to a plethora of corrections. However, that does not deter what are high hopes many have for the asset class heading into the new year. Indeed, with US President-elect Donald Trump set to be inaugurated in January, it is likely to set off a positive performance throughout the cryptocurrency market. There is reason to believe that Dogecoin could be among the best-performing tokens. Source: Watcher Guru Also Read: Dogecoin: New Price Prediction Claims Doge To Surge 570% And Hit $2.28 DOGE to $1 Dream Still Alive? Why Dogecoin Shouldn’t be Deterred by Recent Slide The holiday season has come with a host of struggles for cryptocurrency holders. Several assets have fallen, with millions liquidated within the market ...