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El Salvador’s Bitcoin Surge is Helping the Country to Buy Back More Debt
El Salvador’s Bitcoin Surge is Helping the Country to Buy Back More Debt

El Salvador’s Bitcoin rally fuels a third dollar bond buyback, targeting $2.5B in bonds, while pushing ahead with its ambitious Bitcoin City project.

BeInCrypto·2024/11/12 14:06
Ethereum (ETH) Funding Rate Flashes Red Flag After Price Retraces From $3,400
Ethereum (ETH) Funding Rate Flashes Red Flag After Price Retraces From $3,400

Ethereum’s price spike above $3,400 follows a surge in funding rates, but excessive optimism could signal a price pullback

BeInCrypto·2024/11/12 13:00
Flash
  • 05:14
    The US Ethereum spot ETF had a total net inflow of 2.834 million USD yesterday, with the ETF net asset ratio reaching 2.44%
    According to SoSoValue data, yesterday (Eastern Time November 25), the total net inflow of Ethereum spot ETF was $2.834 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $7.6463 million, and the current historical net outflow of ETHE is $334.6 million. Grayscale's Mini Ethereum Trust ETF ETH had a single-day net outflow of $3.9565 million, and the current total historical net inflow for Grayscale's Mini Ethereum Trust ETH is $36.3 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Bitwise ETF ETHW, with a single-day net inflow of $8.7491 million; currently, the total historical net inflow into ETHW has reached $39 million. Next is Fidelity’s ETF FETH with a daily influx of 4.3563 Million USD; currently FETH’s cumulative historic influx stands at 70.9 Million USD. As of press time, the total asset value of Ethereum spot ETFs is 1 billion dollars and 27 millions dollars , The ratio between their Net Asset Value (NAV) compared to Etherum’s market cap stands at 2.44%, while its cumulative historic influx has reached up to110 Million USD.
  • 05:13
    The US Bitcoin spot ETF had a net outflow of $438 million yesterday, marking the first net outflow after five days of net inflows
    According to SoSoValue data, as of yesterday (Eastern Time November 25), the total net outflow of Bitcoin spot ETFs was $438 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $158 million, with a historical net outflow of $20.484 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $4.205 million, with a historical total net inflow of $697 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $268 million and has reached a historical total net inflow of $31.6 billion. As at press time, the total asset value for Bitcoin spot ETFs is at about 1022.30 billion dollars; the ratio between their market cap and that of all Bitcoins in circulation is around 5.44%. The cumulative historic flow into these funds totals approximately 304.04 billion dollars.
  • 05:07
    Top trader Eugene: Currently experiencing the most challenging altcoin season, the degree of fluctuation is hard to predict
    Top trader Eugene stated on his social media platform, "I think this is the most challenging bull market alt season I've ever experienced. Capital flow means nothing to me, and it's hard to predict the degree of fluctuation. At this time, I would usually ask for a proper alt rotation on most of the popular tokens in the community, but now I'm not so sure. Currently observing and waiting while preserving capital." Yesterday, he said "I have taken profits from long positions. It is advised to remain cautious."
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