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What Happened in Crypto Today: Ever Seen Wall Street Panic-Buy Something?
Bitcoin's doing that thing again - you know, where it can't decide if it wants to break records or take a nap.
Today’s been a rollercoaster of "almost there" moments, with Bitcoin bouncing between $100,500 and $101,800 like it's stuck in the world's most expensive ping-pong match.
The inflation numbers dropped last night, Bitcoin made a sharp move.
But while Bitcoin's been trying to break above the resistance, Ethereum is quietly stealing the spotlight. Institutions are loading up their bags with ETH.
So what's actually happening while everyone debates short-term price movements? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
Bitcoin’s On the Move!
The king of crypto just crossed into six-figure territory, hitting $100,500 after the latest inflation numbers dropped.
The Consumer Price Index came in exactly as expected - not too hot, not too cold. Just right for Bitcoin traders betting on interest rate cuts next week.
BlackRock's influence on this rally is impossible to ignore. Their iShares ETFs pulled in a staggering $3.2 billion last week alone.
Last week? How? Read the full story !
The Squirrel That Took Over Crypto
A dead squirrel from New York just created one of crypto's wildest success stories.
Peanut the Squirrel token (PNUT) - inspired by a viral rabies scare incident - just landed a spot on Coinbase's listing roadmap. The price immediately jumped 20%, pushing its market cap to $1.34 billion.
The story gets more interesting when you look at PNUT's journey. After launching on Solana's Pump.fun platform last November, it caught Binance's attention and scored a listing that sent its price soaring 300%.
Who else is listing this token now? Read the full story !
Wall Street Giants Just Bought Half a B of Ethereum in Two Days
BlackRock and Fidelity are on an Ethereum shopping spree.
These investment powerhouses scooped up over half a billion dollars worth of ETH through their ETFs in just 48 hours. The purchases, tracked by Arkham Intelligence, were mainly executed through Coinbase Prime.
The numbers tell an interesting story. BlackRock's iShares Ethereum Trust (ETHA) has pulled in $2.93 billion so far, while Fidelity's Ethereum Fund (FETH) follows with $1.35 billion. Sunday alone saw ETHA and FETH rack up $372.4 million and $103.7 million in trading volumes.
So what’s sparking this continuous interest in ETH? Read the full story !
SEC's Latest Move Could Change How You Buy Crypto Forever
The SEC just took a crucial step toward what might be crypto's next big breakthrough - a Bitcoin and Ethereum combo ETF.
NYSE Arca and Bitwise want to create something different: an ETF that holds both BTC and ETH in one package. The SEC is now asking the industry what they think about it.
The timing couldn't be more interesting. Grayscale, Hashdex, and Franklin Templeton are all rushing to launch their own crypto index funds. Even Bitwise filed for another fund that would track 10 different cryptocurrencies.
This shift comes as Trump prepares to take office in January 2025, promising to make the U.S. "the world's crypto capital."
Gary Gensler, who's led over 100 enforcement actions against crypto companies since 2021, will step down when Trump assumes the presidency.
Katalin Tischhauser from Sygnum crypto bank puts it simply: crypto index ETFs are the natural next step - just like how people buy the S&P 500 in an ETF.
Is there enough demand for the combo though? Read the full story !
A New Way to Make Money From Bitcoin (Without Selling It)
Bitcoin isn't just sitting pretty in corporate treasuries anymore - it's working for a living.
CoinShares just shared an interesting prediction: 2025 will see a boom in Bitcoin yield strategies as more companies figure out how to make their crypto holdings earn their keep.
MicroStrategy has already pioneered this approach with their "BTC Yield" metric, showing a 26.4% return from January to November 2024.
Is it available to the public or just to institutions? Read the full story !