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Cryptocurrency News Articles
Amazon Looks To Add Bitcoin To Its Balance Sheet, Bullish News for Ethereum and Lunex Network
Dec 22, 2024 at 03:30 pm
While the familiar “4 year cycle” follows a tried and true trajectory, certain bullish catalysts such as increasing institutional adoption and the first pro-crypto president could see this bull run trump the other two in size and scope.
Amazon is reportedly considering adding Bitcoin to its balance sheet, which could be bullish news for Ethereum and Lunex Network.
Bitcoin has clocked in a weekly close above $100,000 as institutional interest soars. Companies like Amazon and Microsoft are facing pressure from shareholders to consider Bitcoin as a reserve asset due to its potential to hedge inflation and boost shareholder value.
Institutional demand for Bitcoin is on the rise, with over $2.77 billion in net BTC ETF inflows last week alone. Some analysts believe that Bitcoin is still early in its bullish phase and will continue to gain new ground as 2025 progresses, a sentiment that coincides perfectly with the trajectory of Bitcoin’s 4 year cycle.
As corporate giants and ETFs drive adoption, Bitcoin’s growing role as “digital gold” solidifies its position as a key asset in the global financial ecosystem.
Potential alt-coin season on the horizon as Ethereum reaches new Q4 highs
Ethereum has surged past $4,000 for the first time in months, driven by increasing retail investor activity and record-breaking inflows into Ethereum ETFs. Over $1 billion worth of ETH has been accumulated in the past week, with early December seeing net exchange outflows of nearly 104,000 ETH.
While retail accumulation is particularly responsible for Ethereum’s upsurge, this rally was also bolstered by strong institutional interest, with BlackRock’s iShares Ethereum Trust leading ETF inflows.
For the remainder of this bull run, analysts are optimistic, predicting Ethereum could reach $15,000 as soon as mid-2025. A decline in Bitcoin dominance in January combined with another major rally for Ethereum could potentially usher in “alt-coin season”, subsequently raising speculation over Ethereum’s potential to flip BTC in the peak of the bull run.
Discover why Lunex Network is the best opportunity for massive returns
As the crypto market gears up for alt-coin season following a decline in Bitcoin dominance, Lunex Network is attracting significant interest in the DEX sector for its robust features and ease of use. By bypassing KYC requirements and removing the need for wallets like MetaMask or PhantomWallet, it offers users a seamless and straightforward swapping experience that could see it become a favorite in this bull run.
Moreover, Lunex Network leverages advanced smart contracts capabilities to enable trades across more than 50,000 assets with low fees and fast execution. This innovative approach ensures efficiency and affordability, appealing to a wide range of users within the cryptocurrency space.
For investors, the platform features a competitive staking program with APYs reaching 18%, including support for top ten cryptocurrencies like Bitcoin and Ethereum. This diversity adds to its appeal among crypto enthusiasts, and the platform’s revenue sharing incentive dissuades sell-offs and upholds price stability for the native LNEX token.
Currently priced at $0.0046, Lunex Network is an attractive investment opportunity with substantial growth potential as the bull market progresses. Don’t miss out!
You can find more information about Lunex Network (LNEX) here:
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