Market
IBIT Saw $1 Billion Inflows in Two Hours
BlackRock’s spot Bitcoin ETF (IBIT) surpassed $1 billion in inflows in the first two hours of trading today. This comes despite record outflows earlier in the month, displaying the product’s dramatic recovery.
Bitcoin ETFs are still significantly ahead of Ethereum-based products, and analysts believe that they will continue dominating even if the SEC approves more altcoin ETFs.
BlackRock’s IBIT Rebounds in Force
IBIT, BlackRock’s Bitcoin ETF, has been performing exceptionally well over the last six months. Despite momentarily seeing record outflows earlier this January, it’s now on route to a strong recovery.
According to Coinglass data, the ETF saw over $1 billion in trading volume during today’s first two hours of trading.
As the above data shows, this rally isn’t isolated to BlackRock or IBIT. Instead, all the Bitcoin ETFs are performing well, likely because BTC has found a strong support level at $105,000.
There were several pro-crypto regulatory developments in the US yesterday. Most notably, the SEC overturned the controversial SAB 121 bulletin, which means banks can now custody Bitcoin without any hurdles. This positive move likely influenced retail investors to crowd the ETF market today.
Also, BlackRock CEO Larry Fink believes institutional adoption will push its value as high as $700,000. ETF analyst Eric Balchunas explained the discrepancy between Bitcoin and all other crypto products:
“The spot bitcoin ETFs quietly on fire to start year, with $4.2 billion in flows which is 6% of all ETF flows. Now at +$40 billion net since launch with AUM at $121 billion and return of 127%. For context, Ether ETFs are like +$130m YTD, which isn’t bad, but this why BTC is on another level and will utterly dominate this category,” he claimed.
Data from Arkham Intelligence also reveals that BlackRock acquired more than $600 million worth of Bitcoin yesterday, allowing it to generate more IBIT shares.
As a group, the ETF issuers have been consistently purchasing huge amounts of Bitcoin. Nonetheless, BlackRock clearly exceeds them in every category.
All things considered, this IBIT trade volume is just one factor in BlackRock’s current ETF success. The firm just released a version of IBIT for Canadian markets. Additionally, NASDAQ ISE recently lobbied the SEC to raise the options trading limits on IBIT.
In any event, BlackRock has once again proved that IBIT is one of the most successful ETFs of all time, not just in crypto. The Bitcoin ETFs have brought monumental inflows of capital to the crypto space, transforming the industry forever.
It may be unclear what the future will hold, but BlackRock has all the tools to respond to many unprecedented market factors.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Artificial Intelligence Coins Trending: BUZZ, BOTIFY, FREYA
Hive AI (BUZZ), BOTIFY, and Freya (FREYA) are among the top-performing artificial intelligence (AI) coins this week. BUZZ is up 58% in the last seven days, with its market cap reaching $145 million, as it powers a network of crypto AI agents.
BOTIFY, based on the Solana blockchain, has surged 74%, aiming to be “the Shopify of crypto” with its AI agent marketplace. FREYA, built on the Virtuals Protocol, has risen 47%, despite a recent 40% correction, showing strong interest in AI-driven blockchain projects.
Hive AI (BUZZ)
BUZZ, the token of Hive AI, supports a project focused on building a modular network of crypto AI agents. It aims to create artificial intelligence tools for tasks like portfolio management, risk analysis, trading, and sentiment analysis. Hive AI is also developing a “ChatGPT, but for Crypto,” as posted on its X account.
BUZZ has increased 58% in the last seven days, reaching a market cap of $145 million. Earlier this week, it hit an all-time high above $0.18, briefly pushing its market cap to $187 million.
If the bullish momentum continues, BUZZ could retest levels above $0.18. However, if the momentum weakens, the coin may test supports at $0.124 and $0.111, with a deeper retracement possible to $0.057 if those levels fail.
BOTIFY
BOTIFY aims to become “the Shopify of crypto,” streamlining and simplifying crypto automation through a certified, all-in-one artificial intelligence Agent Marketplace. Users can create AI agents and tokens while commercializing their agents through an integrated marketplace, offering a seamless platform for crypto automation and monetization.
Based on the Solana blockchain, BOTIFY has surged over 74% in the past seven days, with its market cap reaching $40 million and a daily trading volume of $5 million.
If the uptrend continues, BOTIFY’s price could surpass $0.050 and potentially test $0.060. However, a break below the $0.031 support level could trigger a significant correction in the short term.
Freya by Virtuals (FREYA)
FREYA, launched two months ago on the Base chain, operates on the Virtuals Protocol, one of the largest platforms for crypto AI agents.
Over the past seven days, FREYA’s price has risen by 47%, pushing its market cap to $21.5 million. However, the token is currently correcting, with a 40% drop in the last two days, and its daily trading volume remains below $1 million.
If FREYA regains its bullish momentum, it could revisit levels near $0.05. Conversely, a stronger correction might lead the price to test support at $0.025, with a potential drop to $0.0135 if that level fails.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Shiba Inu price prediction: Analysts predict 10x for SHIB, but this AI competitor could see much bigger returns as whale activity spikes
The Shiba Inu price has recently been making headlines with news of an incoming uptrend. Amid much speculation, analysts have revealed that a 10x surge is the most realistic expectation for the Shiba Inu price. On the other hand, an AI competitor has been raging with extreme whale activity, and some of the most bullish analysts are predicting that for this one, investors just might see up to 1000x gains. This AI competitor is WallitIQ (WLTQ), a fast-rising force in the crypto world.
Analysts Say The Shiba Inu Price May Surge 10x Its Current Price
The Shiba Inu price has dipped by about 6% over the past week. It’s now trading around $0.000019, representing a 7% drop over the month. There were a couple of predictions of a Shiba Inu price surge this season; therefore, this downtrend has disappointed traders.
Analysts explain, though, that the Shiba Inu community recently burnt tokens to reduce its large circulating supply and increase demand. This move is expected to boost the Shiba Inu price, potentially raising it 10x to $0.00019. While that sounds great, investors are not ready to settle for less. Therefore, whale support has shifted from the Shiba Inu price to an AI competitor token, WallitIQ (WLTQ).
This AI competitor brings hope of a 1000x rally and has received massive whale support in recent months. WallitIQ’s (WLTQ) potential is mouth-watering, including the ability to raise about $5m in monthly revenue. Analysts predict this AI competitor will take the $700 billion crypto wallet and AI market by storm, bringing life-changing gains for investors who key in now.
WallitIQ (WLTQ) Could Be The AI Competitor That Changes The Crypto World
A major reason why WallitIQ (WLTQ) is receiving such massive whale attention is because of its irresistible AI features. Especially since it launched the first version of its crypto wallet management app, this AI competitor has rapidly garnered whale support.
WallitIQ (WLTQ) offers users the chance to view real-time market data. With its CoinGecko API integration, investors can track the prices of various cryptocurrencies live. This interactive feature lets users tap on each currency to view its price trend over different timeframes.
Additionally, WallitIQ (WLTQ) currently supports simulated transactions, meaning users can test out crypto transfers without worrying about mistakes or unintended consequences. This AI competitor platform supports virtual transfers for common purchases such as food delivery and movie subscriptions.
WallitIQ (WLTQ) assures users of security with a complete smart contract audit with SolidProof. The platform soon plans to integrate customizable price alerts, allowing users to select which assets they want to get regular updates about. Analysts say this and many other upcoming features will spike whale interest even further.
A favorite feature that has accelerated whale investment is the platform’s modern and user-friendly interface. While many crypto management platforms are complex, WallitIQ (WLTQ) uses visually attractive design components to improve user experience. The platform is easy to use and responsive.
For now, the altcoin has raised over $6 million in concluded presales as crypto whales bought more than 350 million tokens. The ongoing presale, selling for $0.0420, has raised about $400,000 in just a few days. At this rate, analysts say the WallitIQ (WLTQ) presale will end soon, and investors have limited time to join if they want to enjoy game-changing returns.
Conclusion
As analysts predict a 10x gain for the Shiba Inu price, they also project a 1000x rise for WallitIQ (WLTQ), the AI competitor. The best choice is glaring, and many crypto whales have made a smart choice by joining the WallitIQ (WLTQ) presale.
It’s up to each investor: a 10x reward from a meme coin that has danced around the same mark for months, or the possibility of a 1000x surge from a new player with lots of untapped opportunities? Make the smartest crypto move today by joining the WallitIQ (WLTQ) presale for $0.0420 only.
Join the WallitIQ (WLTQ) presale and community:
Market
SOL Price Gains 21% as Market Cap Outpaces Sony
Solana (SOL) price is up 8% in the last 24 hours and 21% over the past week, with its market cap nearing $130 billion — larger than companies like Sony, Dior, and ADP. Trading volume has surged nearly 19% in the last 24 hours, now standing at $10 billion, reflecting strong market activity.
Technical indicators such as the Ichimoku Cloud and BBTrend suggest a bullish setup, though signs of consolidation hint at a potential pause in momentum. If SOL regains strength, it could test resistance at $292 and potentially rise to $300 for the first time, while a reversal may bring key supports at $229 and $211 into play.
SOL Ichimoku Cloud Shows a Bullish Setup
Solana Ichimoku Cloud indicates a bullish sentiment, with the price currently trading above the cloud, signaling strength. The Tenkan-sen (blue line) is above the Kijun-sen (red line), suggesting short-term momentum supports the bullish case.
The leading green cloud (Senkou Span A above Senkou Span B) provides additional confirmation of a favorable trend.
The lack of steep upward angles on the Tenkan-sen and Kijun-sen suggests the trend could be consolidating rather than accelerating. A move above $270 could confirm continued bullishness, with the potential to test higher resistance levels.
However, a dip back into the cloud could indicate indecision or weakening momentum, with the lower boundary of the cloud providing a critical support zone.
Solana BBTrend Is Stable and Positive
SOL BBTrend is currently at 6.41, down from its recent peak of 26 just three days ago, though it has remained positive for an entire week. BBTrend, or Bollinger Band Trend, is a technical indicator that measures the strength and direction of a trend based on the interaction of price with Bollinger Bands.
Positive values indicate upward momentum, while negative values suggest a downtrend. The higher the value, the stronger the trend in its respective direction.
Although Solana BBTrend has dropped significantly from its recent peak, its stabilization at 6.41 suggests the decline in momentum has paused. This could mean the price is consolidating, potentially building a base for another upward move if buying pressure returns.
On the other hand, the current level also indicates the trend is not as strong as it was recently, which might signal caution for traders awaiting clearer confirmation of the next directional move.
SOL Price Prediction: Will Solana Reach $300 for the First Time?
If Solana price can regain strong momentum, it could test its previous all-time high of $292 and potentially rise further to $295. Breaking above these levels could push SOL price to $300 for the first time ever, marking a significant milestone and attracting additional bullish interest.
These levels highlight key resistance points for traders to watch as Solana attempts to continue its upward trajectory.
Conversely, if momentum cools and the trend reverses, SOL price may test the support level at $229. A breakdown below this point could lead to further declines, with the next support at $211 and a deeper retracement to around $192 if that level is also lost.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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