Bitcoin

Gains

BlackRock

<p><span style="font-weight: 400;">The Bitcoin price has pumped 21% in the last month amid massive inflows into Bitcoin ETFs with the crypto king trading at </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$51.7K</span></a><span style="font-weight: 400;"> as of 2:30 a.m. EST.&nbsp;</span></p>
<p><span style="font-weight: 400;">The surge comes as analyst Ali Martinez on X notes a decline in the daily creation of Bitcoin addresses, indicating that institutions are driving the recent rally as retail traders take more of a back seat.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">As the price of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> increases, there's a noticeable decline in the creation of new <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> addresses daily.</p>
 <p>This trend points towards a lack of retail participation in the current <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> bull rally, suggesting that the recent price action is primarily fueled by institutional… <a href="https://t.co/DVVfcQ20bG" rel="noopener noreferrer nofollow">pic.twitter.com/DVVfcQ20bG</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1758535502439825588?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 16, 2024</a></p>
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<p><span style="font-weight: 400;">In line with this, Bitcoin ETFs (exchange-traded funds) saw net inflows surpassing $2.2 billion between Feb. 12 and Feb. 16, according to Bloomberg Intelligence ETF analyst Eric Balchunas. BlackRock was the biggest recipient, </span><span style="font-weight: 400;">amassing positive inflows of $1.6 billion over the past week.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The 10 bitcoin ETFs netted +$2.3b last week. For context, that is more than any other ETF (out of 3,400) took in. <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> alone was #2. This brings total net to +$5b, which is more than BlackRock as a whole has taken in. Again, this is all net GBTC bleed. Throw that out and the… <a href="https://t.co/PlxnfQ7ETf" rel="noopener noreferrer nofollow">https://t.co/PlxnfQ7ETf</a> <a href="https://t.co/04LTixd3Zt" rel="noopener noreferrer nofollow">pic.twitter.com/04LTixd3Zt</a></p>
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1758845246924783973?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 17, 2024</a></p>
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<h2 id="span-style-font-weight-400-bitcoin-price-prediction-bitcoin-showing-breakout-potential-span"><span style="font-weight: 400;">Bitcoin Price Prediction: Bitcoin Showing Breakout Potential</span></h2>
<p><span style="font-weight: 400;">The current Bitcoin trajectory suggests cautiously bullish sentiment, as the price is hovering around the middle BB. The recent squeeze in the bands suggests a period of low volatility, potentially indicating a build-up to a significant Bitcoin price move. The Bitcoin price is also above this SMA (orange line), suggesting a bullish trend in the medium term.</span></p>
<p><span style="font-weight: 400;">On the other hand, the Money Flow Index’s (MFI) value is below 30, which suggests that Bitcoin might be in an oversold region, potentially signaling a buying opportunity.</span><span style="font-weight: 400;">&nbsp; &nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Additionallly, ​according to </span><a href="https://x.com/_TOBTC/status/1757671939684917519?s=20" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Coinglass stats</span></a><span style="font-weight: 400;">, Bitcoin Futures open interest reached the highest level in over two years, surpassing $21 billion, a level last seen in November 2021 when the crypto king achieved its all-time high of almost $70,000. This adds more bullish sentiment as the prospects of history repeating itself fill the air.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-481582" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959.png" alt="" width="2542" height="1192" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959.png 2542w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-300x141.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-1024x480.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-768x360.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-83x40.png 83w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-1536x720.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1708244572959-2048x960.png 2048w" sizes="(max-width: 2542px) 100vw, 2542px"></p>
<p style="text-align: center;">3-hour BTC/USD chart | Source: TradingView</p>
<p><span style="font-weight: 400;">Meanwhile, Bitcoin Minetrix, a new cloud mining project, is emerging as a compelling alternative for investors as analysts now rank the project among <a href="https://www.linkedin.com/pulse/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/" rel="noopener noreferrer nofollow">2024’s top presale picks</a>. The ICO has so far raised over $11 million out of the targeted $11.85 million, showing massive investor confidence in the project.</span></p>
<h2 id="span-style-font-weight-400-a-promising-bitcoin-derivative-with-the-potential-for-100x-gains-span"><span style="font-weight: 400;">A Promising Bitcoin Derivative With The Potential For 100X Gains</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> seeks to reduce the cost and increase the security of Bitcoin cloud mining. Compared to other cloud mining platforms, this one gives entry-level access to cloud mining and allows investors to profit with BTC through its stake-to-mine function.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> revolutionizes cloud mining by blending stake holding and cloud mining.</p>
 <p>Leading the way in tokenized cloud mining with a focus on transparency, independence, and safety, <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> is committed to offering a dependable route for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> mining enthusiasts. 🔄🔨 <a href="https://t.co/FaWyl9ZFdW" rel="noopener noreferrer nofollow">pic.twitter.com/FaWyl9ZFdW</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1759140734387576835?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a></p>
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<p>Holders of BTCMTX can simply stake their tokens to gain cloud mining credits, which are redeemed in exchange for hash power. <span style="font-weight: 400;">Staking BTCMTX coins yields a yearly return of 61%.&nbsp;</span></p>
<p><span style="font-weight: 400;">BTCMTX token holders are also eligible to take part in an airdrop competition in which 10 fortunate people win $3,000 each.</span></p>
<p><span style="font-weight: 400;">According to YouTuber and cryptocurrency researcher Jacob Bury, </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> has the potential to 100X on launch.</span></p>
<p><iframe title="Could Bitcoin Minetrix Be The Next 100X Cryptocurrency?!" width="640" height="360" src="https://www.youtube.com/embed/ARD7LHpC_sM?start=10&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">The current price of a BTCMTX token is $0.0135, but there will be a price hike in less than two days. Interested investors should thus act quickly to lock in the lowest price. </span><span style="font-weight: 400;">Users may purchase the tokens by exchanging ETH or USDT on the official BTCMTX website. A bank card is another option.</span></p>
<p><span style="font-weight: 400;">Visit the </span><span style="font-weight: 400;">official Bitcoin Minetrix page </span><span style="font-weight: 400;"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">here</a>.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction Experts Forecast Bullish Trends Calsona-o1vue</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-glassnode-sees-btc-soaring-as-high-as-65k-on-fomo-as-experts-say-consider-this-btc-cloud-mining-project-for-100x-gains" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: Glassnode Sees BTC Soaring As High As $65K On FOMO As Experts Say Consider This BTC Cloud Mining Project For 100X Gains</span></a></li>
</ul>
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Bitcoin Price Prediction: BTC Rallies 21% In A Month As Bitcoin ETF Institutional Buying Dominates And The Bitcoin Minetrix Presale Pumps Pa...

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