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news-imageNovember 9, 2024

This Week in Crypto: Trump Election Boosts Bitcoin, XRP ETF Activity, Cardano's Major Upgrade

This week in crypto, BeInCrypto unpacks everything from Donald Trump's historic election, its impacts on Bitcoin and SEC Chair Gary Gensler, to new XRP ETF applications amidst institutional support, and a major new upgrade for Cardano.
Publisher: BeInCrypto
Sentiment: Positive
ADA
BTC

More News Articles

Neutral
cover-imageBenzinga
December 2, 2024

Bitcoin ETFs Saw $457 Million Net Outflows Last Week, Ethereum ETFs Recorded $634 Million Net Inflows

Digital asset investment products saw inflows of $270 million last week, setting a new year-to-date record of $37.3 billion, according to a CoinShares report. What Happened: Bitcoin (CRYPTO: BTC), the largest cryptocurrency, recorded significant outflows of $457 million—the first major outflows since early September, the report stated.

Negative
cover-imageBenzinga
December 2, 2024

Why Bitcoin's Institutionalization Is 'A Concern'

Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks. What Happened: With Bitcoin exchange-traded funds (ETFs) in the U.S. now holding over 1 million tokens—equivalent to 5% of its total supply—the cryptocurrency is increasingly controlled by financial institutions and even governments, reshaping its original decentralized ethos, Bloomberg reported.

Positive
cover-imageUToday
December 2, 2024

XRP Sees Record-Breaking $95 Million in Fund Flows as XRP ETF Hype Surges

In a week full of ups and downs for digital assets, XRP stole the spotlight with a whopping $95 million in inflows, marking the highest weekly total ever recorded by CoinShares for investment products based on this popular cryptocurrency. This 621% week-over-week increase is a great example of how the token is attracting more and more attention, especially as financial market participants are talking more and more about U.S.-based ETFs on XRP.

Positive
cover-imageThe Currency Analytics
December 2, 2024

55K Bitcoin Withdrawn in 72 Hours, Signals Bullish Trends

Bitcoin has recently seen a significant movement of funds, with over 55,000 BTC, valued at $5.34 billion, withdrawn from exchanges in just 72 hours. This substantial outflow has captured the attention of the crypto community and ignited speculation about Bitcoin's next major move.

Positive
cover-imageCrypto Economy
December 2, 2024

MicroStrategy Expands Bitcoin Holdings with $1.5B Purchase at $95K Each

TL;DR MicroStrategy acquired 15,400 BTC for $1.5 billion, increasing its total holdings to 402,100 BTC, with an estimated value of over $38 billion. The purchase was funded through the sale of 3,728,507 shares, as part of a strategy to raise $42 billion and continue investing in Bitcoin. Michael Saylor supports this approach, highlighting a 63.

Positive
cover-imageCryptonews
December 2, 2024

Metaplanet to Offer Bitcoin in Its Shareholders Reward Program

Metaplanet Bitcoin reward program provides a chance for shareholders to win Bitcoin prizes through a lottery. Shareholders who own at least 100 shares by December 31 will be eligible, with a total prize pool of 30 million yen. The program is part of Metaplanet's strategy to integrate Bitcoin into investment portfolios. The post Metaplanet to Offer Bitcoin in Its Shareholders Reward Program appeared first on Cryptonews.

Positive
cover-imageCrypto Economy
December 2, 2024

Long-Term Holders Fuel Bitcoin Rally as Exchange Balances Dwindle

TL;DR Minimum balances on exchanges: Long-term holders limit the flow of Bitcoin to the market, reducing liquidity and creating upward pressure on prices. Driving factors: Institutional demand, Bitcoin ETFs, and favorable policies such as those proposed by Donald Trump are reinforcing interest in BTC as a strategic asset.

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