Bitcoin successfully became an ETF giant! Surpasses the daily trading volume of 99% of index stock funds

This site (120btc.coM): The U.S. presidential election has entered the last four months, and the battle between former U.S. President Donald Trump and current U.S. President Joe Biden, representing the Republican Party, is heating up. But since Trump was shot last weekend, his support and exposure have soared rapidly in the community. Because of his pro-cryptocurrency stance, it has also stimulated the rise of Bitcoin, betting that Trump's victory will create a regulatory environment conducive to the growth of cryptocurrency. Analyst: Trump’s election may once again trigger global inflation. In addition to Trump possibly providing a friendly regulatory environment for cryptocurrencies, another possibility that the market generally believes will boost the sharp rise of cryptocurrencies is: the Federal Reserve is maintaining long time

This site (120BtC.coM): Republican Senator Cynthia Lummis of Wyoming, who has long supported the development of cryptocurrency, did not disappoint her supporters. She announced the latest legal proposal she is about to promote at Bitcoin 2024, the U.S. Bitcoin Conference, this morning (28): Let the U.S. Treasury Department buy 1 million Bitcoins within 5 years! One million Bitcoins, if converted using the current market price at the time of writing, is approximately US$68 billion. Cynthia Lummis stated that the main reason for listing BTC as a national reserve is to “offset the impact of the depreciation of the U.S. dollar.” Cynthia Lummis said: Bitcoin is a rapidly growing reserve of value. In the past four years, it has grown by about 55% per year. At the same time, the U.S. dollar has grown by about 55%.

This site (120Btc.coM) After asset management giant VanEck applied for Solana ETF to the US SEC yesterday (27th), cryptocurrency market maker GSRMarkets issued a report on the same day, bluntly stating that Solana has high potential to become the next digital asset spot ETF. The agency said: With other companies owning or about to launch ETFs, it may not only be a matter of time before Solana also obtains a spot ETF, but the impact on SOL may be the largest yet. Possibility Analysis of SolanaETF GSRMarkets believes that the two key factors that determine the next digital asset spot ETF are "degree of decentralization" and "potential demand", so digital assets will be based on these two factors.

The giant whale wallet woke up and transferred 1,000 Bitcoins. Site (120btC.coM) reported: In the morning of today (28th), a Bitcoin wallet that had been dormant for 6 years was suddenly activated, and 1,000 Bitcoins were transferred out through a transaction. . 2. Transaction details: Data on the chain shows that the "giant whale" spent more than 6 million US dollars to purchase these Bitcoins in 2018, and their current value has increased more than 9 times. 3. Transaction records: According to data from Lookonchain and Arkham Intelligence, the wallet (address: 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3) transferred 1,000 Bitcoins to Coinbase Prime this morning, with a transaction value of

This site (120bTC.coM): Mt.Gox, once the world’s largest Bitcoin exchange, started repayment in July. In addition, the German and American governments have also recently transferred large amounts of Bitcoin to exchanges. The two are considered to be the most recent The two major factors that have dragged down the price of the crypto market have many analysts with different opinions on what the price trend of Bitcoin will be in the second half of 2024 and in the future. Recently, anonymous engineer Apsk32 analyzed the latest Bitcoin (BTC) price on the Gradually climb up within the support zone. End of 2025: Price expected to rise 4x Apsk32 points out that the price of Bitcoin seems to follow a certain weekly trend.

This site (120BtC.coM): Amid the AI ​​craze, the stock price of Nvidia, led by Jen-Hsun Huang, has soared by more than 161.22% this year, and its market value has exceeded US$3.1 trillion. It once overtook Apple and Microsoft and became the world's largest company by market value. It also led to the outstanding performance of the Taiwan stock market. The Taiwan Weighted Index hit a new high of 23,556.59 points this week, and TSMC exceeded the thousand-dollar mark. NewStreet lowered NVIDIA's rating. But on this occasion, NewStreet Research analyst Pierre Ferragu downgraded NVIDIA's rating from "buy" to "neutral." Ferragu said the stock is up nearly 240% in 2023 and soaring this year.

This site (120bTC.coM): US presidential candidate Trump has confirmed that he will attend the Bitcoin Conference (TheBitcoinConference2024) to be held at the end of the month. Industry insiders believe that this may be one of the major events that promotes the development of the encryption industry. The "mysterious guest" of the Bitcoin Summit is confirmed to be Trump. The Bitcoin Summit will be held in Tennessee, USA, from July 25 to 27. The summit speaker revealed to foreign media CoinDesk on the 10th that in order to make time for a "Very special guests" whose speeches have been rescheduled have sparked speculation that Trump will attend the summit. The organizers of the conference later announced that Trump would speak for 30 minutes on the last day of the summit, July 27.

After Bitcoin hit a high of $65,722 at noon yesterday (19th), it started to fluctuate and fall again. It reached a low of $64,666 at around 4 o'clock this morning (20th) before starting to rebound. The current price of Bitcoin is $65,109 at the time of writing, holding on to its energy. Stand firm at the 65,000 level. On the other hand, the buying performance of the U.S. Bitcoin Spot ETF was also poor. According to Sosovalue data, as of June 18, it was the fourth consecutive day of net outflows. Bernstein, a well-known Wall Street investment bank, also pointed out in a report on Tuesday (18) that with the release of the earlier 13F institutional position report, analysts believe that the funds for Bitcoin spot ETFs still mainly come from retail investors and institutional investors. It only accounts for 22% of the overall share. and