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In 2021, we had 6,240 coins on CoinGecko. Total crypto market cap was $1.5T. Bitcoin’s market cap was $875B. Today, we have 16,740 coins. Total crypto market cap is $3.35T. Bitcoin is at $1.94T. $100M per altcoin in 2021. $84M per altcoin today. There’s just no room for an altseason.

The cryptocurrency market has displayed a jump of 2.21% overnight with a trading volume of $97.94 billion. With this, the crypto-verse is now valued at $3.24 Trillion. Following this, top tokens have added greener numbers to their statistics, further suggesting an increase in the bullish sentiment. BTC Price Records Increased Action! The price of BTC has added 1.14% to its price tag in the last 24 hours with a trading volume of $34.27 billion. Despite recording a drop of ~1% in seven days, the largest cryptocurrency has surged 4.21% over the past month and has a YTD return of +5.24%. The Moving Average Convergence Divergence (MACD) records a constant red histogram with its averages displaying a similar price action. This indicates an increase in the selling-over-buying pressure for the largest crypto token in the market. On the other hand, the EMA 50-day is on the verge of experiencing a positive crossover with its 200-day average witnessing a similar price trend. This suggests a positive outlook for the price of Bitcoin this week. Will BTC Ever Recover? If the bulls maintain the positive momentum, the Bitcoin price could retest its resistance level of $100k. Maintaining the price above that level could set the stage for it to head toward its milestone price of $105,000 in the upcoming time. Conversely, if the bears outrun the bulls, the BTC price may retest its immediate support level of $95,000. Moreover, if the bears dominate the market, this could result in the largest crypto token plunging toward its lower support trend level of $92,000. #Dyor $BTC

Ethereum ETFs are on fire right now, raking in a staggering $420 million in inflows, while Bitcoin is lagging behind with $173 million. This shift is a big deal for those of us in the crypto space, especially with the trade strategies playing a key role in this fast-changing landscape. Let’s break down what this means and how it could affect Bitcoin and the broader crypto market. $ETH Ethereum ETFs are Leading the Charge The recent surge in U.S.-listed Ethereum ETF inflows highlights a notable trend in cryptocurrency liquidity. Analysts believe the discrepancy in inflows is due to institutional strategies that are focusing on arbitrage opportunities within Ethereum's derivatives markets. The shift towards Ethereum isn't just about technological advancements; it’s also about the clearer regulatory picture surrounding its financial products. Ethereum's ecosystem, with its smart contracts and proof-of-stake mechanism, is paving the way for new financial products that institutional investors are looking for. These include Ethereum ETFs and staking products that give investors direct access to delta-one or staking exposure to ETH. Why Basis Trading is the Go-To Strategy Right Now One major reason behind the uptick in Ethereum ETF inflows is the basis trading strategy. This involves purchasing Ethereum spot ETFs and shorting equivalent futures contracts on the CME, making profits off the price gaps between the two. The CME Ethereum basis trade has been generating returns as high as 16% annually, which is better than Bitcoin's 10%. It makes sense why institutions are more interested in ETH for short-term activities. This is just one of the many strategies that institutional investors are employing to take advantage of Ethereum's unique market dynamics. Ethereum's lower correlation with traditional assets and higher correlation with other crypto assets allows for advanced hedging strategies and better portfolio diversification. Bitcoin vs. Ethereum: Who's Coming Out on Top? While Ethereum is catching up, Bitcoin remains a cornerstone of the cryptocurrency market. That said, the rise of Ethereum ETFs could redirect some investor focus towards Ethereum, possibly impacting Bitcoin's market cap. The influx of institutional capital into Ethereum through ETFs could pave the way for other cryptocurrencies, including Bitcoin, and reinforce the trend of institutional players entering the crypto space. Despite Ethereum's growing interest, Bitcoin’s role as an alternative fiat currency is still strong. Its established position as a less volatile asset and its mature ETF market have made it a go-to option for risk-averse investors. But the competitive landscape is changing, with Ethereum's unique features pulling in a new wave of investors. Market Dynamics: How Ethereum is Impacting Bitcoin's Position The rise of Ethereum ETFs is expected to enhance the overall liquidity and investor confidence in the cryptocurrency market, which could indirectly benefit Bitcoin. A more favorable regulatory environment for Ethereum ETFs could hint at broader acceptance of cryptocurrency ETFs, possibly easing the way for Bitcoin-related financial products down the line. However, the current economic climate poses challenges for both Bitcoin and Ethereum. Analysts warn that sudden volatility could wipe out profits from basis trades, and other blockchain ecosystems, like Solana, may also be a threat to Ethereum's market share. Summary: A New Era for Crypto Fund Management In conclusion, Ethereum ETFs are changing the game in crypto investment strategies and drawing significant institutional interest. The $420 million inflow into Ethereum ETFs reflects confidence in ETH’s structural role within the crypto market, even if price trends are still catching up. As institutional investors continue to explore new trading strategies, the relationship between Ethereum and Bitcoin will be vital in shaping the future of cryptocurrency investment management. These evolving dynamics between Ethereum and Bitcoin highlight the need to stay on top of market trends and investor behavior. As the cryptocurrency market matures, both will play key roles in defining the future of finance and investment strategies.

🚨JUST IN: @Tesla reports increasing its Bitcoin holdings to 11,509 $BTC #Bitcoin #MarketTrends #Tesla #Musk

🚨 UPDATE: Binance On Coins Dump! .@binance shuts down rumors! 🔥 No $BTC, $ETH, or $SOL sell-off—just a treasury adjustment. 📊💰 "User funds are SAFE, as always." ✅ #Binance #Crypto #Bitcoin #Ethereum #Solana