Bitcoin technical indicators are starting to show some signs of BTC price overheating, but onchain data suggests otherwise. Key takeaways: Bitcoin hit a new all-time high of $124,450 on Thursday, and signs of overheating are starting to appear. Several technical indicators suggest a potential top at $124,000. Read more
Spot Ether ETFs printed the second-largest daily inflows on record at $729 million on Wednesday, following the record $1.02 billion that poured into ETH funds on Monday. US spot Ether exchange-traded funds (ETFs) printed the second-largest daily inflows on record as the cryptocurrency approached all-time high prices. Ether (ETH) funds saw $729 million of inflows on Wednesday as ETH surged past $4,700 for the first time since November 2021, according to data from SoSoValue. It was the second-largest daily inflow into spot Ether ETFs, following the record $1.02 billion poured into ETH funds on Monday. Read more
Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of optimism among investors. Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global asset. “Bitcoin all-time high and it’s only Wednesday,” said Gemini co-founder Tyler Winklevoss in an X post, triggering a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted that this would be the “best week for Bitcoin.” Read more