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Spot Ethereum ETF Flips Bitcoin ETFs in Daily Inflows, $5000 Target In Sight?
Published
1 month agoon
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adminThe spot Ethereum ETFs witnessed one of the largest daily inflows while overtaking the spot Bitcoin ETFs on Friday. This is the first time that Ether ETFs have achieved this milestone, since launch, showing a shift in investor sentiment. As a result, the ETH price surged another 4.27% moving past $3,720, setting the stage for the next rally to $5,000.
Spot Ethereum ETF Inflows on the Rise
Institutional demand for the spot Ether ETFs is slowly picking pace. Yesterday, the total inflows into US Ether ETFs stood at a staggering $332 million overtaking the Bitcoin ETF daily inflows of $320 million.
This is the fifth consecutive trading session in which Ethereum ETFs saw net positive inflows. On Friday, the BlackRock Ether ETF (ETHA) alone accounted for $250 million in inflows followed by Fidelity’s FETH at $79.1 million in inflows, per the data from Farside Investors.
Nate Geraci, president of The ETF Store, stated that the BlackRock Ether ETF (ETHA) has now surpassed $2 billion in total inflows since its launch in July, underscoring strong investor demand and growing institutional interest in Ethereum as a leading digital asset.
On the other hand, the BlackRock Bitcoin ETF (IBIT) saw $137.5 million in inflows yesterday. This shows that the capital rotation from Bitcoin (BTC) to Ethereum (ETH) has begun.
While inflows into Ether ETFs have been on the rise, the Bitcoin ETF inflows have slowed down recently. Earlier this week, the BlackRock Bitcoin ETF (IBIT) saw zero inflows for two consecutive days in a row. Recent reports also suggest that BlackRock funds from the traditional portfolio have also been buying millions of IBIT shares recently.
ETH Price Rally to $5,000?
Market analysts have turned bullish on the Ethereum price while expecting new all-time highs above $5,000. At press time, ETH price has surged another 4% with bulls taking it beyond the crucial resistance $3,700, setting an immediate target of 4,000.
Ethereum’s price chart has confirmed a breakout from an inverse head-and-shoulders pattern, signaling potential bullish momentum ahead. Analyst ‘Trader Tardigrade’ suggests that a retest of the $3,538–$3,445 range could present a final buying opportunity at these levels before ETH targets the pattern’s projected high of $5,800.
The spot Ethereum ETF inflows could provide further fuel for the ETH rally to continue to new all-time highs. This could also kickstart the much-awaited altcoin season leading a mega rally in the crypto market.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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How Will Donald Trump’s Tariff Plans Impact The Crypto Market?
Published
41 minutes agoon
January 8, 2025By
adminPresident-elect Donald Trump is reportedly considering declaring a national economic emergency to implement a universal tariff program targeting allies and adversaries. These tariffs, potentially introduced under the International Economic Emergency Powers Act (IEEPA), will realign global trade balances.
Meanwhile, Federal Reserve Governor Christopher Waller addressed concerns about inflation and the potential economic ramifications of such tariffs. This development raises questions about how these policies may influence the cryptocurrency market.
Donald Trump’s Tariff Strategy
As reported by CNN, President-elect Donald Trump is considering the International Economic Emergency Powers Act (IEEPA) to implement tariffs. The intended tariffs are to rebalance global trade while focusing on the manufacturing sector in the United States. Trump’s preference for IEEPA lies in its flexibility, allowing swift implementation without needing extensive national security justification.
Supporters of the tariffs argue they could rebuild American industrial capacity and strengthen the economy. However, the uncertainty surrounding the scope and execution of these tariffs could ripple through global financial markets. This may influence investor behavior in emerging sectors like the crypto market.
Donald Trump’s deputy assistant for International Economic Affairs, Kelly Ann Shaw, commented,
“I think the president has broad authority to impose tariffs for a variety of reasons, and there are a number of statutory bases to do so.”
Federal Reserve’s Perspective on Tariffs and Inflation
Concurrently, Federal Reserve Governor Christopher Waller has addressed the possible inflationary risks associated with Trump’s tariff proposals. Waller noted that while inflation stalled above the Fed’s 2% target in late 2024, he remains optimistic about a gradual decline in 2025. He added that increased tariffs are unlikely to cause persistent inflation, decoupling their potential effects from broader economic trends.
Waller stated,
“I will support further cuts in 2025, but the pace will depend on further inflation progress. I don’t expect tariffs to have a significant impact on inflation.”
The Federal Reserve lowered interest rates by 25 basis points at the end of 2024, and more cuts will follow based on the inflation rate. The outlook indicates that monetary policy could continue with an accommodative stance in the year 2025. This will support financial markets, including cryptocurrencies, to improve liquidity and investment flow.
Implications of Tariffs on The Cryptocurrency Market
If the Fed cuts interest rates further, as expected by the market, then there is the possibility that more funds could flow into the crypto market for better returns. Usually, such rate cuts fuel risk-on sentiment, so assets such as crypto benefit from it.
However, Donald Trump’s tariff policies may create broader trade uncertainties. This may indirectly influence the crypto market through changes in global economic confidence.
Trade disruptions could lead to diminished faith in traditional financial systems, potentially encouraging a shift toward decentralized digital assets like Bitcoin and Ethereum. On the other hand, if tariffs introduce unforeseen inflationary pressures, the Federal Reserve might pause or reverse rate cuts, which could dampen optimism in the crypto market.
The Federal Reserve and broader economic concerns have been among the major reasons for the cryptocurrency market crash. Rising U.S. Treasury yields and a hawkish Fed stance have fueled risk-off sentiment, drawing capital away from cryptocurrencies.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Accurate Indicator Hints Bitcoin’s Top Is Near
Published
8 hours agoon
January 8, 2025By
adminBitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top.
Pi Cycle Indicators Predict the Bitcoin Price Top
The Pi Cycle indicator is an accurate indicator that successfully forecasts the Bitcoin price at the top. It has accurately predicted the top in 2013, 2017, and 2021; the next might be 2025. Pi cycle analysis depends on the 111-day moving average (111DMA) and 350-day moving average multiples by 2, where the intersection of these two moving averages predicts the cycle tops.
Now, after the ongoing BTC price struggle amid the crypto market crash, this tool hints at the top, keeping the investor’s confidence strong amid the crash. The crypto market signals that the BTC top will likely happen in the mid-to-end period of 2025. Although the timeline could vary, the historical result confirms the top formation within days of peak prediction.
Cryptocurrency Peak Prediction: BTC Top To Form on September 17, 2025
The latest Pi cycle top prediction reveals that the next crossover will occur on September 17, 2025, resulting in the BTC market peak. This BTC prediction for 2025 is based on its exponential growth ever since its formation, where the Pi chart indicator has forecasted the peak with 111 DMA and 350 DMAx2 coinciding on the charts on this date.
With high accuracy and historical proof, the next BTC top will form on September 17, but the exact value of the top is unclear for now. Some suggest it could cross six figures based on historical growth patterns, global adoption, and Donald Trump’s presidency.
What You Should Do?
The pi cycle indicator is a famous BTC top indicator that has accurately predicted the peak multiple times. Now, recent reports show that the BTC top will form on September 17, 2025, potentially pushing this digital asset’s price to six figures for the first time in history. Although the BTC price formed massive peaks with Donald Trump’s win, the consolidation frequency increased as Trump’s inauguration approaches.
The market crash has halted the Bitcoin price surge, currently trading at $95k. Arthur Hayes’s prediction hints at a market peak in March, but investors should stay cautious and conduct their own technical analysis before investing.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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BlackRock Bitcoin ETF (IBIT) Sees $597M In Inflow, Saves the Day
Published
11 hours agoon
January 8, 2025By
adminBlackRock’s iShares Bitcoin ETF (IBIT) recorded over $597 million in inflow on Tuesday. The BlackRock Bitcoin ETF saves the day for the bleeding crypto market after investors turned cautious with strong US JOLTS job openings and ISM Services PMI data.
The spot Bitcoin ETF in the United States saw a net inflow of $53.46. Bitcoin ETFs by Fidelity, Bitwise, Ark 21Shares, Franklin Templeton, and Grayscale recorded outflows.
BlackRock Bitcoin ETF Saw Inflow Despite Crypto Market Crash
BlackRock’s iShares Bitcoin ETF (IBIT) purchased 6,078 BTC worth $208.7 on January 7, while miners only mined 450 new BTCs. IBIT recorded an inflow of $597.18 million, as per Trader T data.
This makes the third consecutive inflow into IBIT despite a major selloff in the crypto market. Notably, US Bitcoin ETF saw an inflow of $978.6 million on Monday, sparking optimism as the flagship crypto soared past the $102K mark.
Meanwhile, Fidelity’s FBTC, Bitwise’s BITB, and Ark Invest’s ARKB saw outflow of $86.29 million, $113.85 million, and $212.55 million, respectively. Also, Franklin EZBC saw a $5.58 million in outflow.
Grayscale’s GBTC also witnessed an outflow of $125.45 million. Flows were zero for Invesco, Valkyrie, VanEck, and Grayscale Mini.
According to Farside Investors, the total net inflow for Bitcoin spot ETFs reached $52.4 million. The iShares Bitcoin Trust by BlackRock saw a net inflow of $596.1 million. Whereas, other ETFs experienced varying degrees of outflow.
Bitcoin and Crypto Market Crash On Macro Concerns
According to the U.S. Bureau of Labor Statistics, the JOLTS jobs openings increased by 259,000 to 8,098 million in November 2024, Also, ISM Services PMI came in higher than expected, which shows the resilience of the U.S. economy currently. This caused Bitcoin price to crash by more than 5%.
In fact, the US dollar index (DXY) holds its advance above 108.50 today, after a two-day low move that caused a recovery in Bitcoin price. Also, the 10-year US Treasury yield increased to a 35-week high of 4.68%. The strong US economic data reduced expectations for further rate cuts by the Federal Reserve.
Whereas, BTC price continues to fall despite better performance by BlackRock Bitcoin ETF. The price currently trades at $96,259. The 24-hour low and high are $96,132 and $102,022, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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