Crypto News Update and price analysis: FET, FTM, RNDR, RSR, ZRX, BTC, ETH, PORTAL 08/03/2024, 15:46

ICYMI: Daily Financial News Digest


Bitcoin's Uptick Continues Amid Positive ETF Sentiments


In today's cryptocurrency market, Bitcoin maintains a steady growth, currently trading at $67,970.98, marking a 0.92 percent increase in the recent hours. Investors and traders are keeping a close eye on the technical indicators, with the 4-hour Relative Strength Index (RSI) positioned at 60.95, suggesting a moderately bullish momentum, while the Moving Average Convergence Divergence (MACD) stands at 979.08, potentially indicating continued upward movement.


Whale Movements Stir Ethereum-Based Altcoins


The Ethereum realm is experiencing significant stir among its altcoins as on-chain data reveals heightened activity from large-scale investors or 'whales.' On-chain analytics firm Santiment highlighted in a new report that several Ethereum-based altcoins are currently the focus of these whale transactions. Although specific coins were not named in the summary, this activity could signal upcoming volatility or price action within the Ethereum altcoin community.


Crypto Cheatsheet: Spot Bitcoin ETFs Spark Interest


In the latest crypto developments, the increasing demand for Bitcoin exchange-traded funds (ETFs) is painting a bullish future for Bitcoin's price trajectory. BlackRock, a financial heavyweight, is spearheading this optimism by integrating spot Bitcoin ETFs into the investment strategy for its Global Allocation Fund. This move by BlackRock underscores the growing institutional interest in cryptocurrency as a legitimate asset class and may pave the way for further acceptance and integration of digital currencies in traditional financial portfolios.


Esports Excitement: DOTA2 World Invitational Goes Live


Shifting gears to the world of Esports, excitement is mounting as top teams prepare to compete in the DOTA2 World Invitational. This global tournament is setting a new standard for Esports entertainment, with live streaming available worldwide. The event promises to be a premier showcase of skill as the best players in this popular online battle arena come together to compete for glory.


Concerns Over GBTC ETF Outflows


On the ETF front, the Grayscale Bitcoin Trust (GBTC) is facing a worrisome trend as investors have pulled out over $10 billion since its conversion to an ETF earlier this year. The outflow has been notably pronounced over the past week, averaging a substantial $338 million per day. This trend raises red flags for both the fund manager and investors, signaling potential unease or a lack of confidence in the fund's performance or the broader cryptocurrency market.


Conclusion


In summary, while Bitcoin and Ethereum-based altcoins are seeing positive movements and interest from large investors and institutional players, concerns over significant capital outflows from a major Bitcoin product highlight the complex and multifaceted nature of the current crypto market landscape. As the financial world continues to closely monitor these developments, the growth of Esports offers a refreshing diversion, demonstrating the expanding intersection between technology, entertainment, and competitive sports.


https://cryptobuyingtips.com/crypto-news-update-and-price-analysis-fet-ftm-rndr-rsr-zrx-btc-eth-portal-08032024-1546-25c5797995b3?utm_source=dlvr.it&utm_medium=blogger

Comments

Post a Comment

Popular posts from this blog

How and Where to Buy Pepe AI (PEPEAI) #PepeAI $PepeAI #PEPEAI $PEPEAI #btc #crypto #cryptocurrencies #cryptobuyingtips #blockchain #binance #cryptotrading

Buy PEPEAI today on BITMART(https://go.cryptobuyingtips.com/bitmart). PepeAI is an innovative cryptocurrency token that has captured the attention of the crypto community, building on the recent hype around the famous Pepe the Frog meme. But PepeAI is not just another meme-based token – it’s a token with a unique twist that intersects the world of artificial intelligence (AI) and memes. PEPE AI is a FUN revolutionary crypto project that aims to combine the power of memes and AI to take people to the moon with the speed of light. The Ultimate community for PEPE meme lovers with a twist of PEPE Artificial Intelligence crypto enthusiasts alike! PEPE AI is one of a kind, PEPE AI is a revolutionary crypto project that aims to combine the power of memes and Artificial Intelligence to take people to the moon with the speed of light. At the heart of the community is PEPE himself. The iconic frog has become a symbol of hope and inspiration for all people in this world. PEPE represents the T
Read more

How and Where to Buy Cheelee (CHEEL) #Cheelee $Cheelee #CHEEL $CHEEL #btc #crypto #cryptocurrencies #cryptobuyingtips #blockchain #binance #cryptotrading

Buy CHEEL today on BITMART(https://go.cryptobuyingtips.com/bitmart). What is Cheelee? Cheelee is a short video platform with GameFi mechanics that rewards all users for watching the feed. Users are able to enjoy their favorite content on smart feed, based on preferences. Cheelee works within the Attention Economy framework that asserts the value of attention. Through the GameFi mechanics, in-apps NFTs and tokens, Cheelee’s users earn together with the platform by converting their own attention into money. Who Are the Founders of Cheelee? Cheelee was founded in 2019 by Roman Alekseev, a serial entrepreneur and venture capitalist with more than 20 years of experience in the international market, and his co-founders: Ruslan Sharov and Yuriy Kardonov. Ruslan Sharov is an experienced entrepreneur with over 20 years of experience in building international enterprises, PhD in Law and Web3 expert. He is an angel investor and co-founder of the KSK Group consulting company, Mazalt Group h
Read more

How and Where to Buy ExtractoDAO Bull (XBLL) #ExtractoDAOBull $ExtractoDAOBull #XBLL $XBLL #btc #crypto #cryptocurrencies #cryptobuyingtips #blockchain #binance #cryptotrading

Buy XBLL today on BITMART(https://go.cryptobuyingtips.com/bitmart). The world's first DeFi futures market ExtractoDAO is a different state-of-the-art DeFi. No other DeFi has managed to integrate into the TradFi market. ExtractoDAO does not expose its investors to the crazy risks of a rotten multi-collateral basket of volatile cryptocurrencies. Gain direct exposure to commodity markets with ExtractoDAO futures without being positioned in the cryptocurrency market. ExtractoDAO is a decentralized proposal of food production and commodities, striving to contribute to the cause of food security, fighting hunger, misery, malnutrition and at the same time generating fair revenue to all the participants in the DAO. The ExtractoDAO also proposes the decentralization of private property by the collective man. At ExtractoDAO, you are the one who decides how much coin you want to mint and when you want to mint that coin based on your own production guarantee through the use of smart contrac
Read more