What is moving the crypto market this week? Million-dollar flows, altcoins skyrocketing, and more🚀
Summary:
Fresh insights straight from Binance Square about institutional investments, Bitcoin's technical movement, rising altcoins, and regulatory news impacting the market.
Fresh news
> 📈 Record inflows into Ether ETPs
In the last 7 days, investment products in Ether raised $1.59 billion – part of a total of $1.9 billion, with institutional flows dominating the scene, even with modest outflows from Bitcoin. Institutional adoption remains strong.
> 🧱 Bitcoin in decision zone
The price fluctuates between $117,000 and $120,000. If maintained above $117,000, there is a scenario to seek new historical highs. Below that, the next technical supports may come in between $112,000–$111,000.
> ⚡ BNB and altcoins strongly appreciating
BNB hits a historic record above $858, while ETH remains strong above $3,900. Tokens like OP, SPX, and ENA register significant increases of up to 13% in the last 24 hours.
> 🔐 Stronger Bitcoin network
With a jump of almost 10% in hashrate (now at 913 EH/s), the network becomes even more secure and resilient, signaling miners' confidence in the resumption of appreciation.
> 🏛️ Regulation in focus in the USA
On track for the coming months, the US Senate prepares a proposal regarding CFTC regulation for digital assets, while the approval of Quintenz as the agency's main crypto regulator remains pending.
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