Ethereum

2024

United

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-holders-in-profit-short-term-market-downturn-on-horizon/">Crypto Cash Surge: ETFs Fuel $1 Billion+ Rally Across Bitcoin, Ethereum, &amp; More</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency industry has recorded increased cash inflows over the past few weeks fueled by the spot Bitcoin exchange-traded funds (ETFs) approval in the United States. </p> 
<p>The cryptocurrency investment scene has witnessed a substantial influx of funds, totaling an impressive $1.18 billion since the approval of <a href="https://coinpedia.org/news/peter-schiff-weighs-reason-behind-bitcoins-performance-despite-bitcoin-etf-approval/">spot Bitcoin ETFs</a>, according to data from CoinShares. <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> takes the lead in this financial uptick, attracting an investment of $1.16 billion. <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-2024-eth-price-poised-to-hit-this-level-by-year-end/">Ethereum</a> follows suit with a noteworthy $26 million, while Ripple-backed XRP secures $2.2 million. These figures provide a clear snapshot of market dynamics as investors gear up for the much-anticipated macro bull market in the upcoming quarters.</p> 
<h2 class="wp-block-heading" id="h-profits-and-possibilities">Profits and Possibilities</h2> 
<p>As cryptocurrency prices rebound from the bear market, on-chain data analysis from market intelligence platform Santiment reveals a noteworthy trend. The majority of investors find themselves in profitable positions, potentially leading to increased selling pressure.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> (83%), <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> (84%), and <a href="https://twitter.com/hashtag/XRPLedger?src=hash&amp;ref_src=twsrc%5Etfw">#XRPLedger</a> (81%) have their respective supplies in historically high risk profit levels compared to their averages that hover in the 55%-75% range dating back to 2018. <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> can absolutely still climb due to more exposure from <a href="https://t.co/ADmMcl5zhO">pic.twitter.com/ADmMcl5zhO</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1747870783391903842?ref_src=twsrc%5Etfw">January 18, 2024</a>
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<p>Currently, 83 percent of Bitcoin supply is in a profitable state, closely trailed by Ethereum at 84 percent and XRP at 81 percent. While a higher percentage in profit traditionally suggests an impending market correction, the robust demand for digital assets indicates resilience that could defy such expectations.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/crypto-market-prediction-2024-heres-when-bitcoin-price-will-hit-ath-fueling-100x-altcoin-rally/">Good News, Bulls! Top Analyst Predicts 2 Bitcoin Peaks, Altcoin Explosion in 2024-25</a></p> 
<h2 class="wp-block-heading" id="h-market-predictions-is-an-upside-coming">Market Predictions: Is An Upside Coming?</h2> 
<p>Drawing insights from Bitcoin’s MVRV pricing band, the market is buzzing with anticipation for the next price targets. Should the BTC bulls successfully defend the support level at $42,000, the range of $52,680 to $70,250 becomes the next focal point. Simultaneously, scrutiny of the TOTAL2 market cap suggests an imminent altcoin breakout on the horizon. </p> 
<p>Now, Bitcoin’s dominance has slipped below the critical 52 percent support level, hinting at an unavoidable rotation of cryptocurrency assets.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/when-will-bitcoin-price-hit-1million-analyst-predicts-timline/">When Will Bitcoin Price Hit $1Million- Analyst Predicts Timline</a></p>

Crypto Cash Surge: ETFs Fuel $1 Billion+ Rally Across Bitcoin, Ethereum, & More

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