Crypto Inflows Hit $436M, NEIRO Surges 10x, and Hot Coins Gear Up for Binance Listings: News of September 16, 2024
Crypto funds saw $436m inflows last week
Digital asset investment products saw a reversal, with inflows reaching $436m after a period of outflows amounting to $1.2bn.
Bitcoin was the primary focus, seeing $436m of inflows having seen a 10-day run of outflows totalling $1.18bn.
BTC deposit addresses hits lowest level since 2016
If Bitcoin is simply lagging M2 and is about to giga pump straight to all time highs, it's going to look incredibly obvious in hindsight
A lot of people holding large bags of altcoins are mocking #ETH / #BTC right now.
But history shows that when ETH/BTC crashes, the ALTs will follow.
Binance shows that the ETH/BTC rate has fallen below 0.04, hitting a new low since April 20, 2021, temporarily reported at 0.03985. The rate reached a historical high of 0.1238 in January 2018 and a historical low of 0.01615 in September 2019 said analytic Benjamin Cowen from his twitter account:
A lot of people holding large bags of altcoins are mocking #ETH / #BTC right now.
— Benjamin Cowen (@intocryptoverse) September 16, 2024
But history shows that when ETH/BTC crashes, the ALTs will follow. pic.twitter.com/USqLJc2u80
Tether mints $1bn on ETH
Tether just minted $1B USDT on Ethereum.
The cost? 46 cents.
This massive mint signals growing demand for stablecoins, likely in preparation for increased market activity or liquidity needs. Expect heightened volatility or larger crypto moves in the coming days.
TIA has $1.4bn unlock coming soon
Last week was a strong one for Celestia (TIA) buyers, with the token surging over 20% and nearing a breakout. Despite surpassing the 20-day EMA, TIA remains in a falling channel and hasn't yet formed a higher high, indicating a bearish trend. A reversal is likely if it crosses the $6 mark, but buyers are currently focused on breaking the $5 level.
Hot coins: TURBO, BABYDOGE, NEIRO, DEGOD
Hot coins to watch: TURBO, BABYDOGE, NEIRO, and DEGOD are set to be listed on Binance soon. Notably, NEIRO’s market cap has surged 10x, creating a buzz across the market.
This development is expected to trigger significant volatility, presenting lucrative trading opportunities. Now is the time to take full advantage of our platform's features to capitalize on these market moves!