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news-imageDecember 14, 2024

Crypto ETFs Make Waves: $452M in Inflows Push Bitcoin and Ether to New Heights

On Friday, the 12 spot bitcoin exchange-traded funds (ETFs) hit another high note, pulling in $428.98 million during the day's trading session. Meanwhile, nine spot ether ETFs added $23.61 million to their tally.
Publisher: Bitcoin
Sentiment: Positive
BTC
ETH

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Neutral
cover-imageThe Currency Analytics
December 14, 2024

Texas Bitcoin Reserve Bill: A Bold Step Toward Revolutionizing State Finances

The Texas Strategic Bitcoin Reserve Act outlines the creation of a state-run fund to acquire and hold Bitcoin, leveraging Texas's dominance in Bitcoin mining to enhance its financial portfolio. According to Capriglione, this initiative will bolster the state's financial position by tapping into the growing global interest in digital assets.

Neutral
cover-imageBitcoin
December 14, 2024

Ethereum Technical Analysis: Is $4,000 Within Reach or a Mirage?

Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum's ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5.

Positive
cover-imageThe Currency Analytics
December 14, 2024

2025 to Be a ‘Big Year' for Bitcoin, Says Pantera Capital Founder

Dan Morehead, the founder and managing partner of Pantera Capital, a leading hedge fund focused on cryptocurrency, has forecasted that 2025 will be a monumental year for Bitcoin. Speaking in a recent CNBC interview, Morehead emphasized his bullish outlook for Bitcoin, pointing to the increasing clarity around regulations and growing institutional interest as key drivers behind Bitcoin's continued ascent.

Negative
cover-imageThe Currency Analytics
December 14, 2024

Ledger Faces Backlash After $2.5M in Bitcoin and NFTs Stolen

Ledger, a leading provider of hardware wallets designed for securely storing cryptocurrency, is facing intense scrutiny following reports that a user lost $2.5 million worth of digital assets due to a security breach involving their Ledger Nano S device. The incident, which involved 10 Bitcoin valued at around $1 million and NFTs worth an additional $1.5 million, has raised serious questions about the security measures in place for hardware wallets, widely regarded as one of the safest methods for protecting cryptocurrencies.

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