BTC, SUI, DOGE: CNBC’s Bold Crypto Predictions
The post BTC, SUI, DOGE: CNBC’s Bold Crypto Predictions appeared on BitcoinEthereumNews.com.
In a dramatic trading session on Tuesday, Bitcoin (BTC) surged beyond $73,000 and then retreated from its nearly historic moment, approaching a new milestone. In what traders called one of the year’s most watched price swings, the cryptocurrency hit a high of $73,562, $175 off its March peak of $73,737. Both Dogecoin (DOGE) and SUI are flashing buy signs in addition to Bitcoin (BTC), as both projects seem poised for the next step up. But a new coin is also getting poised to take off, and its viral presale has already brought in over $6.24 million. We’ll talk about this popular cryptocurrency alongside DOGE and SUI. Bitcoin (BTC) Trading Volume Increases, BTC is Near its New ATH Growing institutional interest, especially through Bitcoin ETFs introduced in January, has coincided with the latest spike. Strong institutional trust in the future of the leading cryptocurrency is demonstrated by the almost $1 billion in fresh investments that poured into funds tied to BTC last week alone, according to CoinShares. With pro-crypto Trump establishing prediction markets, Bitcoin’s recent success has unexpectedly become a focal point in the next U.S. presidential election. After rising near $73,000, Bitcoin (BTC) saw a little retracement and ended the day at $72,261, up 3.40%. Due to a spike in investor interest, the total daily trading volume of spot Bitcoin ETFs in the United States reached a record $4.75 billion on Tuesday, up from $3 billion the day before. At $870 million, daily net inflows also hit their highest level since the first week of June. IBIT, BlackRock’s spot Bitcoin ETF, garnered a lot of interest with a net inflow of $642.87 million, the most inflow in just one day in the previous seven months. SUI Beats Solana and Ethereum in Inflows, Analyst Forecasts More Gains Impressive inflows, which…
Filed under: News - @ October 31, 2024 9:28 pm