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The inflow into Bitcoin exchange-traded funds (ETFs) has experienced an impressive surge, reaching a new milestone on December 12. Bitcoin ETFs saw a significant increase of nearly 168%, pushing total net inflows to surpass $35 billion for the first time. This surge marks an 11-day streak of continuous inflows, reflecting growing investor confidence in Bitcoin and other cryptocurrencies as viable investment options. 1. Crypto Everywhere: A Growing Trend The rise of Bitcoin and other cryptocurrencies has also impacted various industries, including the iGaming sector and online casinos. Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have become popular payment methods in online gambling due to their security, low fees, and ability to offer fast cross-border transactions. Players and operators alike appreciate the privacy of digital currencies, for example, at a crypto casino, no KYC checks are required when signing up. It’s a more discreet way to engage in transactions than traditional payment methods while retaining all of the benefits of an online casino. The video gaming industry has seen a rise in play-to-earn games that all accept crypto as payments, have their unique cryptocurrencies made, and/or even provide various crypto as a form of reward and payment for the best gamers. The global play-to-earn games market size was $1.35 billion in 2024 and is expected to reach $6.32 billion by 2032, so we will see how this rising trend unfolds. 2. Bitcoin ETF Inflows Hit Record High According to data from SoSoValue, Bitcoin ETFs saw $597.57 million in inflows on December 12, significantly higher than the $223.03 million from the previous day. This nearly 168% increase is a notable leap in the market, bringing total net inflows into Bitcoin ETFs to $35.17 billion, a record figure. The trend of inflows has continued consistently for several weeks, signaling that institutional investors are increasingly adopting Bitcoin as part of their portfolios. Many of these inflows have been directed toward BlackRock’s Bitcoin ETF , the iShares Bitcoin Trust (IBIT), which saw $431.6 million in new investments. BlackRock, the world’s largest asset manager, has seen its total net flows reach $35.49 billion since the fund’s inception, further solidifying its position in the growing Bitcoin investment space. 3. Grayscale’s GBTC Fund Sees Outflows Despite the overall positive momentum in the Bitcoin ETF market, Grayscale’s GBTC fund was the exception, reporting outflows of $48.4 million on December 12. This was the only fund to experience a negative net flow on the day. However, this did not overshadow the overall growth in Bitcoin ETFs, as most funds continued to see a steady rise in investor interest. 4. Bitcoin Trading Volumes and Price Movements The total trading volume for Bitcoin ETFs on December 12 reached $3.15 billion, after previously topping 3 trillion , but is now slightly down from the previous day’s $3.97 billion. Bitcoin was trading at $99,985 per coin at the time of the report, reflecting a minor 0.7% decline from the previous day. Despite the slight dip in price, the significant increase in ETF inflows demonstrates a positive outlook from investors focused on long-term growth rather than short-term price fluctuations. 5. Ethereum ETF Inflows Rise Sharply Ethereum ETFs have also witnessed impressive inflows, with a reported $273.67 million on December 12, marking a 168% increase compared to the previous day. BlackRock’s ETHA fund captured the largest share of this growth, attracting $202.31 million in investments. Other Ethereum-focused funds, including Grayscale Ethereum Mini Trust and Fidelity’s FETH, also saw substantial inflows. 6. Ethereum Price and Market Trends At the time of reporting, Ethereum was trading at $3,917 per coin, showing little movement from the previous day’s price. While Bitcoin continues to dominate the cryptocurrency space, Ethereum’s position as the second-largest cryptocurrency by market capitalization is further solidified by the rise in its ETF inflows, indicating strong investor sentiment and belief in its long-term value.
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Bitcoin Decline Continues: Are Bulls Losing Control?
Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone. The price is trading below $102,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $95,500 support zone. Bitcoin Price Dips Further Bitcoin price failed to start another increase and extended losses below the $102,000 zone. BTC gained bearish momentum below the $100,000 and $98,000 levels. The price even spiked below $96,500. A low was formed at $95,586 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $102,000 and the 100 hourly Simple moving average . On the upside, the price could face resistance near the $98,500 level. It is close to the 23.6% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low. The first key resistance is near the $100,000 level. A clear move above the $100,000 resistance might send the price higher. The next key resistance could be $102,000. A close above the $102,000 resistance might send the price further higher. In the stated case, the price could rise and test the $103,400 resistance level or the 61.8% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low. Any more gains might send the price toward the $105,000 level. More Downsides In BTC? If Bitcoin fails to rise above the $98,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $96,200 level. The first major support is near the $95,500 level. The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $95,500, followed by $93,200. Major Resistance Levels – $98,500 and $100,000. CryptoIntelligence
Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says
Cryptocurrency will surge ahead in a multi-year bull market, defying Fed-induced volatility as institutional adoption, blockchain innovation, and ETF flows drive unstoppable momentum. Multi-Year Crypto Boom: The Forces Driving Unstoppable Growth Matt Hougan, chief investment officer at Bitwise Asset Management, reinforced his optimistic view on cryptocurrency’s long-term trajectory despite a sharp market downturn following the CryptoIntelligence
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