Bitcoin ETFs hit by record $671.9M outflows in 1 day

December 20, 2024 Coin Telegraph

Bitcoin ETFs hit by record 1.9M outflows in 1 day

Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.

Bitcoin exchange-traded funds (ETFs) faced a significant sell-off on Dec. 19, reaching net outflows of a record $671.9 million, marking the largest single-day outflow event of the year.

According to Farside Investors data, the largest outflows came from Grayscale’s GBTC, shedding $208.55 million, followed shortly by ARK Invest’s ARKB, which fell $108.4 million.

The fallout of these outflows aligns with a fall in Bitcoin’s (BTC) price as it hovers around $96,409 and coincides with more than $1 billion being liquidated from the market in 24 hours.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin dominance hints at ‘altseason,’ analysts eye XRP price rally into 2025

November 30, 2024 Coin Telegraph

altcoin season

Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.

Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20.

Bitcoin (BTC) dominance, which measures the ratio of Bitcoin to the total value of the crypto market, has fallen to 56.1%, below its two-year support line, signaling that the market is “officially in altseason,” wrote popular analyst Mikybull Crypto, in a Nov. 30 X post.

In crypto slang, altseason, short for altcoin season, refers to the collective rally of cryptocurrencies besides BTC, which tend to benefit from Bitcoin’s declining dominance.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin To Hit New All-Time High With Ease, Predicts Glassnode Co-Founders – Here’s Why

November 15, 2024 The Daily Hodl

Bitcoin

The founders of analytics firm Glassnode are predicting that Bitcoin (BTC) will soon print fresh all-time highs for one key reason. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that Bitcoin may surge if the US Dollar Index (DXY) starts to decline […]

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Crypto market cap hits $3.1T high, could soon surpass France’s GDP

November 12, 2024 Coin Telegraph

Crypto market cap hits .1T high, could soon surpass France’s GDP

10x Research

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).

On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Crypto greed index taps 7-month high as Bitcoin surges past $81K

November 11, 2024 Coin Telegraph

Crypto greed index taps 7-month high as Bitcoin surges past K

bitcoin dominance

Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.

The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, hit its highest level of “greed” in nearly seven months on Nov. 10 as Bitcoin crossed $81,000.

The index notched a score of 78 out of 100 — in the “Extreme Greed” zone, the highest it’s been since April 12 — when Bitcoin was trading around $70,000 and the 2024 halving event was fast approaching.

Crypto Fear & Greed Index score. Source: Alternative.me

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Ethereum in the Final Innings of Downtrend Against Bitcoin, Says Top Analyst Benjamin Cowen – Here’s His Outlook

October 31, 2024 The Daily Hodl

Benjamin Cowen

A widely followed crypto analyst says that Ethereum (ETH) is in the final stages of its decline against Bitcoin (BTC). In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on historical patterns, the top altcoin appears as if it’s about to break out against the crypto king. According […]

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Altcoin seasons ‘will be weaker’ moving forward, says analyst

October 27, 2024 Coin Telegraph

bitcoin dominance

Popular crypto analyst Willy Woo says that the altcoin market cap “is like the cricket bat that has had 10 new handles and 10 new blades.”

Crypto altcoin seasons will probably keep coming, much to the delight of speculative crypto punters, but the intensity of returns will taper off as the market matures, according to a crypto analyst.

“Alt seasons will be weaker each cycle on from the great 2017 alt bubble,” pseudonymous crypto trader Willy Woo opined in an Oct. 26 X post, referencing the year when the “boom” of initial coin offerings (ICOs) — a way to raise capital for a project by selling cryptocurrencies — began.

Willy Woo clarified he’s not saying there won’t be alt seasons, noting that there will “certainly” be mid-cap and low-cap cryptocurrencies “pumping” after Bitcoin’s (BTC) price surges, as “investors chase returns higher up on the risk curve.”

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Another Move Higher for Altcoins on the Table As ‘Constructive’ Price Action Unfolds, According to Top Analyst

October 24, 2024 The Daily Hodl

Altcoins

Strong altcoins look poised for a move up, according to a top crypto analyst. The pseudonymous crypto trader known as Pentoshi tells his 809,600 followers on the social media platform X that the digital asset market is currently in an important spot for altcoins. “I personally like the structure or basing taking place. It looks […]

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity

August 24, 2024 Bitcoin.com

altcoin season

Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Recession Indicator Now Suggesting Altcoins Time To Shine Against Bitcoin Approaching: Benjamin Cowen

August 14, 2024 The Daily Hodl

Altcoins

Popular crypto analyst Benjamin Cowen thinks macroeconomic indicators suggest altcoins will chip away against Bitcoin’s (BTC) dominance in the coming months. In a new YouTube video, Cowen points his 807,000 subscribers to the Sahm Rule Recession Indicator, which tracks signals that could indicate the start of a recession. The indicator flashes when “the three-month moving […]

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bitcoin dominance

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