Bitcoin is gaining momentum once again, fueled by a significant rise in exchange-traded fund (ETF) inflows, Bitcoin Price Prediction reflecting growing confidence among investors. Following three days of outflows, spot Bitcoin ETFs made a strong comeback on Friday, pulling in $25.6 million.
Bitwise’s BITB led the way with $15.3 million in new inflows, followed by Fidelity’s FBTC, which added $13.6 million. This surge brought the total assets under management for Bitcoin ETFs to $57.7 billion, accounting for 4.7% of Bitcoin’s total market capitalization.
Ethereum funds also saw positive traction, with spot ETFs attracting $7.4 million, largely driven by BlackRock’s ETHA, which brought in $14.7 million. While Grayscale’s ETHE recorded $8.2 million in outflows, the net total since July remains slightly negative. Despite some mixed results, these inflows underscore investor optimism for a potential market rally.
The renewed interest in both Bitcoin and Ethereum ETFs highlights institutional investors’ growing confidence in the long-term outlook of the market. With Bitcoin ETFs nearing $18.5 billion in net inflows since January, the coming weeks could determine whether this momentum sparks a wider cryptocurrency bull run.
Growing Adoption of Bitcoin Cash in “Bitcoin Cash City”
Bitcoin Price Prediction
In Townsville, Australia, known as “Bitcoin Cash City,” over 200 retailers now accept Bitcoin Cash (BCH) payments, signaling broader adoption of the cryptocurrency.
The increase is largely due to the quick and affordable transactions enabled by point-of-sale (POS) software and the Bitcoin.com Wallet app. Local BCH advocate Bitcoin Jason attributes this growth to the apps’ ease of use and their text-to-BCH feature. The network of participating merchants now includes sectors like cafes, restaurants, and travel services.
Bitcoin Cash’s low fees and speedy transactions may help it gain more popularity, potentially becoming a competitor to Bitcoin (BTC). However, while BCH is more widely used in everyday transactions, BTC’s status as “digital gold” makes it a more attractive store of value.
Rapper Logic’s $6 Million Bitcoin Investment
Grammy-nominated rapper Logic, whose real name is Robert Bryson Hall II, made headlines in November 2020 after investing $6 million in Bitcoin.
At the time, Bitcoin was priced at $17,817, giving him approximately 336.75 BTC. With Bitcoin now valued over $60,228, Logic has earned an impressive 238% return on his investment. His decision to invest, which he shared on Instagram with a playful “F*** it, YOLO” caption, was encouraged by his manager, Chris Zarou.
Logic’s success story continues to draw attention to Bitcoin, further cementing its reputation as a long-term investment option and attracting prominent figures to the crypto space. This increased interest from public figures may lead to greater adoption, contributing to BTC’s price growth.
Robert Kiyosaki’s Warning on World War III
Rich Dad Poor Dad author Robert Kiyosaki recently voiced concerns about the possibility of World War III, referencing growing geopolitical tensions. After learning about Israel’s use of F-35 fighter jets against Iran, he took to X (formerly Twitter) to ask, “Is this the beginning of World War III?”
Kiyosaki pointed to ineffective global leadership as a key factor fueling these conflicts. He has previously expressed concerns about the rising national debt, inflation, and the declining value of the dollar.
Should global tensions escalate, Bitcoin may benefit as a safe-haven asset. Historically, during periods of uncertainty, investors turn to decentralized assets like Bitcoin to shield their wealth from economic volatility. Increased demand could lead to further price growth for BTC.
Bitcoin Price Outlook
Bitcoin Price Prediction Robert Kiyosaki
Bitcoin is currently consolidating around the $62,000 mark following a recent rally. The cryptocurrency is trading within a tightening range, forming a symmetrical triangle pattern on the 2-hour chart.
This pattern suggests a potential breakout, depending on market momentum. A move above the immediate resistance at $62,475 could open the door to the next resistance level at $63,040, with further upside potential toward $63,665. On the other hand, a drop below the $61,800 support level could see BTC fall to $61,210 or even $60,740.
With the Relative Strength Index (RSI) at 53, Bitcoin’s momentum remains neutral. The 50-period Exponential Moving Average (EMA) at $61,990 offers minor support.
Traders are waiting for a clearer directional signal, with upcoming U.S. economic data, including the Consumer Price Index (CPI) and unemployment claims, potentially acting as catalysts for a breakout.
Conclusion: Watch Key Levels for Momentum
A breakout above $62,475 would signal renewed bullish momentum, while a fall below $61,800 could trigger strong selling pressure.
Pepe Unchained: A Promising Meme Coin Investment
Pepe Unchained ($PEPU) is quickly emerging as a key player in the meme coin market, Bitcoin Price following in the footsteps of the popular Pepe Coin. As meme coins continue to attract attention, $PEPU has positioned itself as a strong investment choice, offering robust staking options and presale success.
Presale Success
The $PEPU presale has already raised $17.5 million of its $17.6 million target, demonstrating strong investor confidence. With less than an hour left until the next price hike, now is a crucial time to get involved.
Current Price: 1 $PEPU = $0.00993
Key Benefits of Investing in $PEPU
Presale Opportunity: Crypto analysts, including Jacob Crypto Bury, anticipate strong returns for $PEPU investors during this phase, marking it as an ideal entry point.
Passive Income Potential: The staking feature offers a high Annual Percentage Yield (APY) of 499%, allowing holders to generate substantial passive income.
Investor Confidence: With over 321 million $PEPU tokens already staked, investor sentiment remains positive, indicating faith in the project’s long-term success.
Secure Investment: Pepe Unchained’s smart contract has passed rigorous audits by Coinsult and SolidProof, ensuring a secure environment for investors.
Don’t Miss Out on the $PEPU Presale
With the next price increase fast approaching, now is the perfect time to invest in Pepe Unchained, a meme coin with strong growth potential. Bitcoin Price Prediction Easy purchasing options are available using ETH, USDT, BNB, or even a credit card.
This optimistic outlook is supported by crypto analyst Jacob Crypto Bury, Bitcoin Price Prediction who forecasts significant growth for meme coins this year, emphasizing the benefits of early investment in presales like Pepe Unchained.
