Bitcoin Wallet Distribution Shifts Amid ETF Adoption, Bitcoin To Hit 63,000 By March 2024

Recent data highlights significant shifts in the distribution of Bitcoin across various sized on-chain wallets, coinciding with the increasing popularity of ETFs. According to insights from Santiment feeds, the past 30 days have seen notable changes: – There has been a 7.4% increase, equating to 147 more wallets, holding at least 1,000 BTC compared to the previous month. – Conversely, there has been a reduction of 509,000 wallets holding less than 1 BTC, marking a 1.0% decrease. – Similarly, there are now 1,237 fewer wallets holding 1-1,000 BTC, reflecting a 0.1% decline compared to last month. 📊 #Bitcoin’s various sized

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Bitcoin Surpasses $42,000 Mark Amidst Market Optimism, But There’s A Catch

Bitcoin surged past the $42,000 mark yesterday, currently trading at $41,800, coinciding with the S&P 500 reaching a new All-Time High.  This has sparked optimism in the crypto community, with expectations that major cryptocurrencies like Bitcoin might “regress to the mean” and align with the performance of equity markets. The cryptocurrency market has notably lagged behind the stock market, particularly after a shift in trends observed since January 17. Santiment data indicates that bitcoin euphoria peaked shortly after the approval of 11 spot ETFs on January 11th. However, on January 17th, a significant correlation broke as Bitcoin declined below $40,000

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Nano ($XNO) Outshines Bitcoin Spot ETFs in Social Media Activity, Gains Popularity

In a surprising turn of events, the term “nano” took the spotlight on social media platforms, surpassing words associated with Bitcoin spot ETFs in popularity, according to Santiment data from January 11 to January 12.  Despite being the 271st ranked cryptocurrency with a market capitalization of $160.88 million, Nano ($XNO) exhibited resilience and notable social media traction. Currently trading at $1.21 per coin, Nano has experienced a commendable uptick of over 6% in the last 24 hours and an impressive 100% surge in the last 90 days.  Despite its relatively lower market cap, Nano’s recent performance indicates potential responsiveness to

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SEC Greenlights Trading For 11 Spot Bitcoin ETFs, Unleashing A New Chapter For The Entire Industry 

In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has given its approval for the listing and trading of 11 Spot Bitcoin ETFs, marking a significant milestone for the cryptocurrency asset class. 🚨🚨🚨 OFFICIAL: Spot #Bitcoin ETFs approved by #SEC Includes: 🟩 VanEck🟩 Bitwise🟩 Fidelity 🟩 Franklin🟩 Valkyrie 🟩 Hashdex🟩 Ark Invest🟩 Grayscale🟩 BlackRock🟩 WisdomTree🟩 Invesco Galaxy — CoinEcho (@mycoinecho) January 10, 2024 The decision comes after months of anticipation and speculation within the financial industry. After many months of speculation, the #Bitcoin asset class enters a new paradigm as the SEC approved the listing and trading of

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