Connect with us

Crptocurrency

$BTC Sees Best Month Since 2020; $GFOX Rallies to $4 Million

Published

on


Bitcoin ($BTC) has printed a monthly God candle. Hailed as the digital era’s equivalent of gold and the leading crypto for beginners, $BTC is now the world’s ninth-largest asset. Majors are moving aggressively following Bitcoin’s path, and the last key event will be the Ethereum ($ETF) approval. After this, mania will descend, and investors should be preparing themselves now.

$BTC sees best month since 2020, and instead of a pre-halving dump, this cycle is witnessing a pre-halving pump. The power of institutional flows cannot be ignored, and this cycle will be different. Small caps are ready to post ludicrous gains, and Galaxy Fox ($GFOX) is the dominant player among small caps. $GFOX rallies to $4 million 

 

Bitcoin ($BTC): Best Month Since 2020

Bitcoin is up nearly 50% on the month, and institutional inflows are driving this rampage. ETFs seeing daily net inflows exceeding $500 million are becoming increasingly common, and selling pressure from Grayscale’s GBTC has started winding down. Demand for $BTC rapidly outstrips supply, and issuers are becoming serious sinks for $BTC.

First, ETF issuers overtook Saylor’s holdings, and then their total eclipsed 3% of the total supply, and soon, that number will hit 5%. The supply-demand imbalance between buyers and sellers (miners) will only worsen post-halving when the issuance rate is slashed in half. Expect more upward price pressure.

To put recent price action into perspective, February was $BTC’s best month since December 2020. In dollar terms, last month was Bitcoin’s largest gain ever. The ultimate crypto for beginners has been moving upwards like an altcoin. This move has opened up the runway for small caps to make ferocious rallies, and they are the best cryptocurrencies to buy in the wake of this incredible monthly performance. 

 

Galaxy Fox ($GFOX) Rallies to $4 Million 

 

Galaxy Fox is rallying towards a total of $4 million raised and will breeze through this milestone like all those that have preceded it. $GFOX is taking no prisoners in its presale, and each stage has progressively sold out faster and faster. Going to market as conditions reach fever pitch and risk-on behavior gets rewarded is a recipe for 100X gains, and this memecoin could change the game forever.

Instead of relying on just the typical memecoin build, Galaxy Fox has gone the extra mile, integrating a play-to-earn game and an entire ecosystem. The P2E Web3 runner lets players earn real prizes, and the prize pool is distributed at the end of each season. Real skills equate to real cash in this ecosystem. As well as providing entertainment, an earning ability, and locating $GFOX in the GameFi narrative, this runner game provides the perfect onboarding funnel for this ecosystem.

Staking rewards mean holders are earning, and combined with the token burn $GFOX stakers are one of the few groups that will earn a native yield on a fully deflationary asset. Even the protocol’s Treasury is optimized for growth, supporting marketing efforts and community initiatives. A well-funded marketing arm in the heart of a bull market is worth its weight in gold.

Everything strives to grow aggressively, and Galaxy Fox’s value proposition and success in building early momentum dictate that it is the top crypto to invest in this quarter. 

 

 

Closing Thoughts: $BTC & Memecoins

 

Bitcoin, the store of value and ideal crypto for beginners, and Galaxy Fox, the up-and-coming hybrid model set to 100X. Together, they form a perfect portfolio. Investors need to move fast, and although $BTC will go to $100,000 this cycle, that is less than a 2X from its current price. On the other hand, $GFOX offers 100X upside.

Participating in presales is a fast lane to massive returns, and anybody who missed the bear market lows has another chance to get in at an excellent cost basis. $GFOX remains criminally undervalued, and buying today will be a genius move in six months. Join this exciting journey today! 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crptocurrency

BitconeMine launches $6,300 Christmas event bonus and welcomes new and old users to actively participate

Published

on

By









BitconeMine launches $6,300 Christmas event bonus and welcomes new and old users to actively participate – BitcoinWorld
































Source link

Continue Reading

Crptocurrency

Cross-border Payments Using Crypto? How Remittix (RTX) Is Transforming Finance With PayFi

Published

on

By










Cross-border Payments Using Crypto? How Remittix (RTX) Is Transforming Finance With PayFi – BitcoinWorld
































Source link

Continue Reading

Crptocurrency

U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23

Published

on

By


U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23

The U.S. spot Bitcoin ETFs faced significant net outflows totaling $226.42 million on December 23, marking the third consecutive day of declines, as per data from Trader T on X. This shift reflects varying investor sentiment during the holiday season amidst ongoing market volatility.


Key Insights Into ETF Activity

Despite the overall outflows, BlackRock’s IBIT stood out with a net inflow of $31.78 million, suggesting continued confidence among investors in the world’s largest asset manager’s Bitcoin fund.

On the other hand, major outflows were recorded across several ETFs:

  • Fidelity’s FBTC: $146 million
  • Grayscale’s GBTC: $38.4 million
  • Bitwise’s BITB: $23.7 million
  • Invesco’s BTCO: $25.6 million
  • ARK Invest’s ARKB: $15.7 million
  • Grayscale’s Mini BTC: $6.2 million
  • VanEck’s HODL: $2.6 million

Other ETFs reported minimal or no significant net flows.


Factors Influencing the Outflows

The net outflows indicate a period of caution among investors, driven by:

  1. Year-End Portfolio Adjustments
    Many investors rebalance their portfolios during the year-end, which could contribute to these withdrawals.
  2. Market Volatility
    Bitcoin has seen significant price fluctuations, raising concerns over near-term risks.
  3. Institutional Strategy Changes
    Institutional investors might be re-evaluating their strategies, leading to temporary shifts in capital.

BlackRock’s Resilience Amid Outflows

While most ETFs faced declines, BlackRock’s IBIT recorded notable inflows. This resilience underscores BlackRock’s growing influence in the cryptocurrency sector and its reputation as a trusted brand among retail and institutional investors alike.


Implications for Bitcoin and ETF Markets

  • The combined outflows emphasize the short-term uncertainty in Bitcoin’s trajectory.
  • However, consistent inflows into select funds like BlackRock’s IBIT suggest that institutional confidence in Bitcoin remains intact.
  • This divergence highlights the importance of ETF management and branding in attracting and retaining investor capital.

Conclusion

The net outflows from U.S. spot Bitcoin ETFs signal cautious investor sentiment but also showcase pockets of resilience, particularly in BlackRock’s IBIT. With the cryptocurrency market navigating a volatile period, ETF flows will remain a critical indicator of market dynamics and institutional confidence in Bitcoin.


To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.


Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.