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news-imageOctober 31, 2024

Spot Bitcoin ETFs See Surge in Investment While Ethereum Struggles

The cryptocurrency market is experiencing a notable shift, with spot Bitcoin exchange-traded funds (ETFs) capturing substantial attention from investors this week. On Monday, these Bitcoin-focused funds registered an impressive $479.4 million in net inflows, signaling the highest daily investment levels since early October.
Publisher: The Currency Analytics
Sentiment: Positive
BTC
ETH

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Positive
cover-imageThe Currency Analytics
October 31, 2024

Toncoin (TON) Set to Overtake Ethereum in User Base by Year-End

Toncoin (TON), the cryptocurrency associated with the Telegram ecosystem, is on a remarkable growth trajectory, with analysts predicting it could surpass Ethereum in user base by December 2024. This potential milestone highlights the rapid adoption and increasing popularity of Toncoin, fueled by significant user engagement and accumulation among larger investors, often referred to as “whales.

Positive
cover-imageThe Daily Hodl
October 31, 2024

Crypto Analyst Says One Large-Cap Memecoin Looking Very Strong, Updates Outlook on Bitcoin and Solana

A widely followed cryptocurrency analyst and trader is leaning bullish on a top-10 altcoin by market cap. The analyst pseudonymously known as Sherpa tells his 229,600 followers on the social media platform X that Dogecoin (DOGE) is “still very strong looking” amid the flagship memecoin rising by around 60% from the October low.

Positive
cover-imageThe Daily Hodl
October 31, 2024

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

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.

Positive
cover-imageThe Daily Hodl
October 31, 2024

BlackRock's iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report

Asset management giant BlackRock's iShares Bitcoin Trust (IBIT) exchange-traded-fund (ETF) is reportedly setting new daily inflow records. According to a report from Yahoo Finance, investors poured $875 million worth of daily inflows into BlackRock's $31 billion Bitcoin (BTC) ETF earlier this week as we approach November's highly anticipated presidential election.

Positive
cover-imageBitcoin
October 31, 2024

Bitcoin ETFs Amass 1 Million BTC – A New Leader Emerges

New data reveals that spot bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC. How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC In just 293 days, the 12 U.S. spot bitcoin ETFs have accumulated more than 1 million BTC, totaling nearly $71 billion. Since Jan.

Neutral
cover-imageCryptoSlate
October 31, 2024

StanChart sees high volatility for Bitcoin in lead up to US elections

Standard Chartered's global head of digital assets research, Geoffrey Kendrick, cautioned that Bitcoin (BTC) may experience heightened volatility in the days before the US presidential elections. Kendrick's analysis pointed to key metrics indicating an optimistic yet cautious market sentiment among Bitcoin traders as investors brace for economic and regulatory shifts related to the political event.

Positive
cover-imageCoinPedia
October 31, 2024

Is Solana the Season's Breakout Star? 30% Growth Potential as It Outpaces Ethereum

Bitcoin is currently in an impressive position, having broken above key resistance levels. On the weekly chart, the trend looks strong, and the daily chart confirms a healthy retracement that could establish new support. After months of consolidation, Bitcoin's momentum is gaining traction, and we're keenly watching these movements across different time frames.

Positive
cover-imageBitcoin
October 31, 2024

Bitcoin ETFs Capture $893M in a Day: Which Funds Are Pulling Ahead?

Based on Wednesday's data, spot bitcoin exchange-traded funds (ETFs) attracted inflows totaling $893.21 million, with Blackrock taking a notable lead. Blackrock's Bitcoin ETF Hits Big Numbers Crypto ETFs continue to draw investor attention as both spot bitcoin and ether funds posted gains. The bitcoin ETFs nearly reached $1 billion, securing $893.

Neutral
cover-imageCryptonews
October 31, 2024

Ethereum Price Underperformance Continues, But Ascending Triangle Forms – Is a Breakout Next?

Ethereum price struggles as it nears a potential breakout with an ascending triangle pattern. Rising competition and low ETF demand contribute to stagnation, yet Ethereum remains dominant in DeFi. Could upcoming market shifts finally catalyze an ETH rally? The post Ethereum Price Underperformance Continues, But Ascending Triangle Forms – Is a Breakout Next? appeared first on Cryptonews.

Neutral
cover-imageCoinPedia
October 31, 2024

Bitcoin Creator Revealed? Is Stephen Mollah the Real Satoshi Nakamoto?

The last week of October is buzzing with claims of Satoshi's identity. On October 31, the anniversary of Bitcoin's whitepaper release, Stephen Mollah presented himself as the elusive Satoshi Nakamoto at a London press conference. Mollah's claim quickly attracted media attention, but mounting doubts over his identity cast a shadow over the event.

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