Tag: Hits

Bitcoin ETFs See $1.18B Inflows As BTC Hits Record High

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Spot Bitcoin exchange-traded funds in the United States clocked their second-biggest day of inflows in history as Bitcoin notched a new record high on Monday.  The 11 US-based spot Bitcoin ETFs saw a cumulative $1.18 billion in inflows on the day, second only to Nov. 7, 2024, when the ETFs raked in $1.37 billion after Donald Trump won the election to become the next President of the United States. The bumper day for the ETFs, which coincided with Bitcoin’s new all-time high of over $126,000, brings October’s total inflow to…

TOTAL3 Marketcap Hits $1.18T: Has Altseason Begun?

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Key takeaways: TOTAL3 market cap hit a record $1.18 trillion, signaling accelerating momentum within the altcoin cohort of the crypto market. USDT dominance dropped sharply, hinting at capital rotation into risk assets. TradingView ticker, TOTAL3, which tracks the market capitalization of all cryptocurrencies excluding Bitcoin (BTC) and Ether (ETH), reached a new all-time high of $1.18 trillion on Monday. The metric also marked its highest weekly close on Sunday, surpassing its peak market capitalization from 2021.  TOTAL3 market cap. Source: Cointelegraph/TradingView Traders use the TOTAL3 chart as an indicator of…

Bitcoin Hits New All-Time High, ETH Could Be Next

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Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708 on Sunday, but the bulls did not cede much ground to the bears. That shows the bulls are not rushing the exit as they anticipate the rally to continue. The bulls have again pushed the…

USDT supply hits 175B

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Key Takeaways Tether’s USDT stablecoin supply has hit 175 billion tokens. This achievement underscores USDT’s continued dominance and growth in the stablecoin sector. Share this article Tether’s USDT supply reached 175 billion tokens, according to CoinGecko data. The milestone marks continued growth for the flagship stablecoin from Tether, a stablecoin issuer positioning itself as “The Stable Company.” Tether has been advancing USDT as a tool for financial inclusion in developing regions by creating extensive physical and digital distribution networks for remittances and daily transactions. Competitors are adopting USDT’s technology and…

Bitcoin Hits Four-Week Low Amid Major Profit-Taking

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Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis. Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve cut rates last week.  Bitcoin has now fallen below key support levels at around $112,000, hitting a four-week low of $108,700 on Coinbase in late Thursday trading, according to TradingView.  It has yet to fall…

Crypto Markets Will Rally Once US Treasury Hits $850 Billion Goal: Analyst

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Crypto markets will enter “up only” mode once the United States Treasury hits its target goal of filling the General Account (TGA), the Treasury Department’s bank account, with $850 billion, according to Arthur Hayes, co-founder of the BitMEX crypto exchange. “With this liquidity drain complete, up only can resume,” Hayes wrote on Friday as the US TGA’s opening balance crossed $807 billion. When the Treasury is filling its General Account, the funds are generally sequestered and do not flow into private markets. However, not all analysts were convinced by Hayes’…

OKX X Layer hits record 71,400 active addresses and tops $1M in DEX fees, second only to BNB Chain

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Key Takeaways OKX’s X Layer recorded 71,400 active addresses on September 12, reaching a historic high for the network. Total number of addresses on X Layer has surpassed 4 million. Share this article OKX’s X Layer blockchain recorded 71,400 active addresses on September 12, marking a new high for the network. The milestone pushed the total number of addresses on X Layer to over 4 million. The network has generated nearly $1.0 million in fees for the OKX decentralized exchange, ranking second among Ethereum Virtual Machine-compatible networks behind BNB Chain.…

Pundit Reveals What XRP Price Will Be If Ethereum Hits $25,000

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Crypto analyst Whale Guru has outlined his targets for altcoins on their next massive pump to the upside. He predicted that the Ethereum price would reach as high as $25,000 and expects the XRP price to reach triple digits.  XRP Price To Reach $300 As Ethereum Rallies To $25,000 In an X post, Whale Guru predicted that the XRP price would reach $300 as Ethereum rallies to $25,000. He highlighted these price levels as his targets for the next pump to the upside. Meanwhile, the analyst also predicted that SOL…

USDt Replaces Venezuela’s Bolívar as Inflation Hits 229%

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Stablecoins like USDt have become the de facto currency for millions of people navigating a crumbling financial system in Venezuela as the country’s annual inflation rate surges to 229%. Once limited to crypto-savvy users, Tether’s USDt (USDT), often referred to locally as “Binance dollars,” is now widely used across Venezuela for everything from groceries and condo fees to salaries and vendor payments, Mauricio Di Bartolomeo, who fled Venezuela before co-founding Ledn in 2018, told Cointelegraph. The bolívar, Venezuela’s national currency, is largely dead in daily commerce. Hyperinflation, strict capital controls,…

TLGY, StablecoinX raise $530M PIPE as Ethena USDe hits $12B

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StablecoinX and TLGY Acquisition have secured an additional $530 million in financing to buy digital assets, bringing total commitments to $890 million ahead of a planned merger and Nasdaq listing. The combined company, to be renamed StablecoinX Inc., is set to hold more than 3 billion ENA, the native token of the Ethena protocol. According to the company, it will be the first dedicated treasury business for the Ethena ecosystem, which issues the USDe and USDtb stablecoins. The capital was raised through a private investment in public equity (PIPE) transaction,…