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Cryptocurrency News Articles
Bitcoin Money BCH/USD Is Buying and selling Greater by 8.1% to $355.45 Monday Afternoon
Oct 15, 2024 at 06:01 am
Bitcoin Money, created in 2017 as a tough fork of Bitcoin to handle scalability points, has lengthy benefited from intervals of heightened curiosity in its guardian cryptocurrency.
Bitcoin Money (BCH/USD) is buying and selling up 8.1% to $355.45 Monday afternoon as a surge in inflows into Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) final week noticed Bitcoin and Ethereum ETFs accumulate a complete of $407 million in new inflows.
What Occurred: The turning level got here after the U.S. vice presidential debate, which triggered a shift in polling towards Republicans, who're considered as extra supportive of cryptocurrencies.
Analysts counsel that this political backdrop, slightly than conventional financial elements, performed a central position in attracting the massive inflows, notably from U.S.-based traders. As Bitcoin and Ethereum rallied, Bitcoin Money, a outstanding Bitcoin offshoot, surged alongside them.
Bitcoin Money, which was created in 2017 as a tough fork of Bitcoin to handle scalability points, has lengthy benefited from intervals of heightened curiosity in its guardian cryptocurrency. As Bitcoin noticed large $419 million inflows and costs soared, Bitcoin Money adopted go well with, benefiting from the so-called “Bitcoin impact.”
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Capitalizing On Bitcoin Momentum: Buyers searching for to capitalize on Bitcoin’s bullish momentum usually flip to Bitcoin Money as a less expensive various that additionally holds historic ties to Bitcoin’s unique imaginative and prescient of a decentralized peer-to-peer digital money system.
The broader inflows into cryptocurrency ETFs, together with the iShares Bitcoin Belief (NYSE:IBIT) and the Constancy Sensible Origin Bitcoin Fund (NYSE:FBTC), additionally spilled over into the altcoin market.
With the eye on Bitcoin’s efficiency, Bitcoin Money emerged as a horny choice for these trying to diversify their holdings whereas staying inside the Bitcoin ecosystem.
The attract of Bitcoin Money’s decrease transaction charges and sooner block instances, in comparison with Bitcoin, can additional improve its attraction in periods of market pleasure.
The surge in blockchain fairness ETFs, which noticed their largest weekly inflows of the yr at $34 million, added to the general bullish sentiment throughout the crypto sector.
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Photograph: Icons8_team from Pixabay
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- Solana (SOL) Tapped For USDe Expansion In Ethena's Bold New Proposal
- Oct 15, 2024 at 04:20 pm
- The Ethena community has initiated a proposal to integrate Solana's native token, SOL, as a backing asset for USDe. This is an addition to the current hedging mechanism at Ethena for Bitcoin and Ethereum perpetual futures.
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- Rollblock (RBLK) Is the New Passive Income King That Puts BNB and DOGE to Shame, Here's Why
- Oct 15, 2024 at 04:20 pm
- Nowadays, most prominent digital assets like Binance Coin and Dogecoin can provide avenues for passive income in addition to the many benefits they already provide, and this has brought notable growth to the market.
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- Grayscale Considers Adding Dogecoin (DOGE) and 34 Other Altcoins to Its List of Investment Products
- Oct 15, 2024 at 04:20 pm
- According to Cointelegraph, crypto asset manager Grayscale has announced the addition of 35 altcoins, including Dogecoin, Worldcoin, Pyth, and Rune, to its list of assets under consideration for future investment products.
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- Grayscale Considers Adding Dogecoin (DOGE) and 34 Other Altcoins to Its List of Investment Products
- Oct 15, 2024 at 04:20 pm
- Crypto asset manager Grayscale has announced the addition of 35 altcoins, including Dogecoin, Worldcoin, Pyth, and Rune, to its list of assets under consideration for future investment products.
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- Samara Asset Group Prepares to Significantly Increase Its Bitcoin Holdings, Targeting Disruptive Technologies
- Oct 15, 2024 at 04:20 pm
- Samara Asset Group, a publicly listed asset management firm, is preparing to significantly increase its Bitcoin holdings. The company intends to allocate the funds received from a €30 million ($32.8 million) bond for investing in cryptocurrency and other assets.
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- P_AIR Token Marks a Significant Advancement in the Cryptocurrency Landscape, Emphasizing Community Trust, Transparency, and an Innovative Burn Mechanism Designed to Foster Sustainable Wealth for Its Holders
- Oct 15, 2024 at 04:20 pm
- P_AIR Token represents a significant advancement beyond a mere cryptocurrency. This embodies a movement founded on trust, community, and the conviction in collective transformation.
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- The Rise of MILLI: The First Dog Meme Coin on SEI Network – Soars 700% in the Last Weeks
- Oct 15, 2024 at 04:20 pm
- MILLI, the latest meme sensation on the SEI Network, is rapidly making its mark in the crypto world. Branded as the “First Dog-Themed Meme Coin on SEI,” MILLI represents more than just a playful token.