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news-imageOctober 28, 2024

Bitcoin and Solana Drive Digital Asset Record-Breaking Weekly Inflows

TL;DR Digital asset inflows hit $901 million, bringing this year's total to $27 billion, nearly triple 2021's record. Bitcoin led inflows with $920 million, driven by political factors in the US, while Ethereum saw outflows of $35 million. Blockchain stocks also showed a rally, with inflows of $12.2 million for the third consecutive week.
Publisher: Crypto Economy
Sentiment: Positive
BTC
SOL

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Positive
cover-imageBenzinga
October 28, 2024

Emory University Follows Tesla, Block And PayPal With $16M Bitcoin Investment

Emory University has disclosed a $16 million investment in the Grayscale Bitcoin Mini Trust (NYSE:BTC), placing it among the first higher education institutions to dive into Bitcoin (CRYPTO: BTC) holdings. This move follows a trend set by corporate giants like Tesla, Block Inc. (formerly Square) and PayPal, which have each added Bitcoin to their balance sheets in recent years.

Positive
cover-imageBenzinga
October 28, 2024

Bitcoin Looking At A 'Very Bullish Setup' Ahead Of US Election, Industry Expert Says

Matthew Sigel, head of digital assets research at VanEck, sees Bitcoin (CRYPTO: BTC) on a strong upward path as the U.S. presidential election approaches, bolstered by growing interest and shifting macroeconomic conditions. What Happened: “Our bet is that this is a very bullish setup for Bitcoin into the election,” Sigel told CNBC on Monday, pointing out that factors such as Trump's increasing popularity in prediction markets and renewed optimism in the crypto sector are helping drive demand.

Positive
cover-imageBeInCrypto
October 28, 2024

Bitcoin Historical Data Hints at Imminent BTC Break Above $73,000

On October 10, Bitcoin (BTC) briefly dipped below the $60,000 mark, stirring speculation that it might miss the traditionally bullish trend known as “Uptober.” However, recent price momentum over the past week hints at a stronger end-of-month performance, aligning with historical data that often sees Bitcoin rally as October concludes.

Positive
cover-imageUToday
October 28, 2024

Bitcoin Reclaims $69K After Golden Cross

Bitcoin, the leading cryptocurrency, has surged above the $69,000 level, reaching an intraday high of $69,222 on the Bitstamp exchange, according to CoinGecko data. This comes after the bullish golden cross pattern recently formed on its daily chart.

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