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After struggling at the end of the year with numerous consecutive days of net outflows, the spot Bitcoin ETFs in the States finally registered some notable inflows on Friday. The Ethereum counterparts sit in the opposite corner, as they have been mostly in the green since mid-December despite the FOMC aftermath on the entire market. BTC ETFs Are Back The latest FOMC meeting that took place in mid-December had a dramatic and immediate effect on US-based investors in terms of their Bitcoin-related activities. Following a superb streak after the presidential elections in which they poured billions of dollars within weeks into the regulated BTC financial vehicles , they did a 180-turn and started taking funds out. December 19 was the worst day in terms of daily net outflows, with $671.9 million taken out. By January 2, seven out of the nine trading days were in the red, with a total withdrawn amount of roughly $2 billion. This negative streak was finally broken on Friday as the spot Bitcoin ETFs saw $908.1 million in net inflows. Fidelity’s FBTC led the pack with $357 million, followed by BlackRock’s IBIT at $253.1 million and Ark Invest’s ARKB at $222.6 million. No fund recorded any outflows. Friday’s numbers were so impressive that they managed to turn the whole week around. After the $415.1 million withdrawn on Monday and $242.3 million on Thursday, the week ended in the green with $256 million in net inflows, given the minor $5.3 million on Tuesday. BTC’s price actions within the same week were quite volatile as the asset slumped hard on Monday amid the massive outflows to $91,300. However, it pumped to almost $99,000 later during the week as the inflows returned. Ethereum ETFs’ Landscape Unlike the BTC ETFs, the funds tracking Ethereum saw fewer days in the red after the aforementioned Fed meeting. Withdrawals were observed on December 19 and 20, but investors started to pour funds into them in the following days. The past week was less positive, though, as net outflows dominated. $55.5 million was withdrawn on Monday and $77.5 million on Thursday. The $36 million in net inflows on Tuesday and $58.9 million on Friday couldn’t make up the difference, and the week ended with $36.1 million in the red. ETH’s price tumbled hard on Monday as well but is 6.5% up on a weekly scale, which is more than double the increase for BTC. As of press time, Ethereum’s native token stands above $3,600. The post Weekly Bitcoin, Ethereum ETF Insights: The Highs, Lows, and Key Takeaways appeared first on CryptoPotato .
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Trump Rally (TRUMPRAL) Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Trump Rally could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Rally (TRUMPRAL), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPRAL is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Rally can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Rally could become the next viral memecoin. Trump Rally launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Rally on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rally by entering its contract address – 9sawQZwuqdxzgtn2ZhD1eeRit425XtaXfdn57RJY6bcM – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRAL. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Crypto Potato
Bitcoin Traders Eye $109K as Trump Anticipation Builds, BTC ETFs Rake in Nearly $1B
A return to markets after the holidays and anticipation of Donald Trump’s inauguration as U.S. president is building bullish sentiment for bitcoin and the broader crypto market. The asset is up 10% in the past week, retaking the $102,000 level late Monday and reversing nearly all losses from early December. It fell from a peak of nearly $109,000 on Dec.17 to a local low of just below $92,000 on Dec.30, which momentarily sparked fears of a deeper downturn. The surge comes as U.S.-listed spot bitcoin exchange-traded funds (ETFs) raked in $987 million on Monday, their highest since Nov.21, data from SoSoValue shows. Fidelity’s FBTC led inflows with $370 million pouring in, followed by BlackRock’s IBIT with $209 million and Ark Invest’s ARKB with $71 million. Nine of the twelve ETFs recorded inflows, with none showing outflows in a standout day for the cohort. Trump’s expected crypto policies and broader economic plans have brought back positive sentiment among traders — bumping up BTC prices in a usual precursor to an altcoin rally. “We believe that the demand for bitcoin is manifesting itself after a downbeat Fed outlook in late December put the brakes on a Santa Claus rally,” Jeff Mei, COO at crypto exchange BTSE, told CoinDesk in a Telegram message Tuesday. “Now that traders have wrapped up their vacations and are back to work, they`ve resumed purchases of Bitcoin, crypto, and stocks in a bullish trend as we approach Donald Trump`s inauguration,” Mei added. Some traders are targeting the $109,000 level in the short term before a bullish trend is confirmed, setting the stage for even higher prices. “So far, the technical picture looks like a classic correction completion with a resumption of the growth from the Fibonacci retracement level of 61.8% of the rally since the beginning of November,” shared Alex Kuptsikevich, FxPro chief market analyst, in an email. “This scenario will be confirmed if the historical highs of around $109,000 are confidently breached. At the same time, we expect Bitcoin`s growth to accelerate after the $100,000 mark.” Fibonacci levels are a technical analysis tool to identify potential support and resistance points where price movements might pause or reverse. Some traders believe that tracking Fibonacci levels can offer predictive value in identifying key price levels — which may become a self-fulfilling prophecy that causes price reactions in the market. As such, market volatility is expected to stay low until the U.S. Nonfarm payrolls (NFP) report on Friday, which some believe will kick-start the new trading year with “decision-makers fully back at work,” per Augustine Fan, head of insights at SOFA. Strong NFP data could strengthens the U.S. dollar, potentially leading to higher interest rates, which can negatively affect risk assets like stocks and bitcoin. “However, the highest volatility event for the month is priced to be FOMC at the end of the month as the economic stats are priced to show `soft landing` signs soon,” Fan added. BTC trades just above $101,600 in Asian morning hours Tuesday, up 2% in the past 24 hours. The broad-based CoinDesk 20 (CD20) , a liquid index tracking the largest tokens by market cap is up 0.53%. Crypto Potato
