CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2024-12-24 07:28:39

Bitcoin ETF Inflows Drop While Ethereum Dominates: Altseason Incoming?

The post Bitcoin ETF Inflows Drop While Ethereum Dominates: Altseason Incoming? appeared first on Coinpedia Fintech News After registering heavy losses in the past week, the crypto market received a relief rally in the last 24 hours, led by Ethereum (ETH), BNB, and Solana (SOL). Although Bitcoin (BTC) price briefly rallied to $96k, the lack of sufficient bullish sentiment resulted in a sudden retracement to trade at about $94k on Tuesday, December 24 during the early European session. The altcoin industry registered higher gains as more investors continued to anticipate a major parabolic rally in the first half of 2025. Moreover, Bitcoin price has outperformed most altcoins in the past year – fueled by the mainstream adoption from institutional investors – despite being subjected to diminishing returns. Ethereum Cash Inflows Outpaced Bitcoin on Monday On Monday, the US Ethereum spot ETFs registered a net cash inflow of about $130 million, thus bringing the cumulative total net inflow to about $2.46 billion. BlackRock’s ETHA reported a net cash inflow of over $89 million, thus currently holding more than 1 million ETH. Fidelity’s FETH registered a net cash inflow of $46 million on Monday, thus now holding a total of more than $1.6 billion in assets under management. Meanwhile, the majority of spot Bitcoin ETF issuers in the United States, apart from BlackRock’s IBIT, registered a net cash outflow on Monday. For the past three trading days, the US spot Bitcoin ETF issuers have registered a cumulative cash outflow of more than $1.1 billion. Altseason on the Horizon The Bitcoin dominance in the weekly time frame has broken out of a rising wedge, which began early last year. With more whale investors making strategic investments in the altcoin industry, it is safe to assume that the altcoins will outperform Bitcoin price in the coming months. $BTC (Dominance) Rising Wedge Breakout + Retest confirmed! #Altseason has officially begun—get Ready for the ride! #Crypto #Altcoins #Bitcoin pic.twitter.com/kLqjQ8Ll6D — Captain Faibik (@CryptoFaibik) December 24, 2024 The existence of more than 12k altcoins in the cryptocurrency industry means heavy dilution of the existing liquidity. Consequently, some altcoins may not experience a full-stretch parabolic rally, in the coming months. Amid the anticipated altseason, it is prudent for crypto investors to consider DeFi tokens solving real-world problems, community-backed memecoins, well-funded layer two coins, and AI-focused tokens.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine