Bitcoin ETFs Hit New Inflow Milestone: Crypto Market Rally Push Pepe and NuggetRush To New Heights
Spot Bitcoin ETFs recorded their biggest-ever daily inflow of $1.045 billion on March 12, as institutional investors continue to show interest in Bitcoin. The growing interest comes as the leading crypto continues to pump, forming new ATHs.
Pepe (PEPE) has been one of the top beneficiaries of the strong bullish sentiment in the crypto market, with its price surging to a new high at $0.000009885. NuggetRush (NUGX) has also benefited from the crypto market rally, hitting a new high at $0.019.
Bitcoin (BTC) ETFs Hit New Milestone As Price Touch New All-Time High
Since the approval of spot Bitcoin ETFs two months ago, there has been a surge in the demand for BTC. As per a recent report from Farside, the daily inflows into spot ETFs crossed $1.045 billion on March 12, chiefly contributed to by BlackRock’s iShares Bitcoin ETF (IBIT), accounting for $849 million.
Willy Woo also reported that the daily inflow of capital stored on the Bitcoin network exceeded $2 billion. The trend of interest by big investors keeps growing, and people have invested over $11.1 billion in spot Bitcoin ETFs within the last thirteen days.
All of this is happening when Bitcoin (BTC) is setting the pace for the bull run in the crypto market. Bitcoin has gone up by over 50% within the last 30 days to reach an ATH of more than $73,400. With the Bitcoin halving happening next month, FOMO could push the Bitcoin price as high as $80,000.
NuggetRush (NUGX) To Hit $1 in the 2024 Bull Market
Riding the bullish wave in the crypto market, the price of the new DeFi project, NuggetRush (NUGX), has surged to a new high at $0.019. However, crypto experts have set a price target of $1.00 for NUGX before the end of 2024.
NuggetRush has been gaining traction because of its unique ecosystem that combines elements of play-to-earn (P2E), GameFi, trending NFTs characters, and meme culture. The game will immerse players in a virtual world with exciting gold mining adventures.
Players will build their mining operations and engage in challenges to earn and accumulate rewards. However, what makes NuggetRush most interesting is the fact that the gold the players located in the virtual world can be converted into real gold and money.
Moreover, holders can stake the NFTs for rewards up to 20% APY. NuggetRush earning potentials have boosted the accumulation of NUGX tokens. In the last few weeks, over 226 million tokens have been sold off, as it is now ranked as the best crypto investment for the 2024 bull cycle.
Pepe (PEPE) Hit New All-Time High, Maintains Bullish Momentum
After months of lying low, Pepe (PEPE) has surged back to the scene with one of the biggest gains. Outperforming the newer Solana meme coins, Pepe has gained over 700% in the last 30 days. Thus, Pepe reached a new ATH of $0.000009885.
Pepe has demonstrated bullish vigor, staying above the $0.0000090 support level. Staying above this price level could open a way to the crucial $0.00001 level. This will be a history-making moment for PEPE as it steps into the four-zero price bracket for the first time.
Conclusion
The growing interest of institutional investors has played a role in the rising prices of Bitcoin. With the Bitcoin halving drawing closer, crypto experts have forecasted even more gains for Bitcoin.
The top altcoins that are poised to benefit from this growth are NuggetRush and Pepe. While PEPE looks to delete another zero, NUGX could lead the crypto market in gains as it rallies to $1.00.
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The post Bitcoin ETFs Hit New Inflow Milestone: Crypto Market Rally Push Pepe and NuggetRush To New Heights appeared first on CoinChapter.
Filed under: Bitcoin - @ March 17, 2024 6:00 pm