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Showing posts with the label institutional investors

AI Predicts Dogecoin's Price If Bitcoin Reaches $150,000

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Bitcoin (BTC) and Dogecoin (DOGE) are both trading in the green zone today. The crypto market seems to be slowly recovering from yesterday’s sell-off. BTC is inching closer to reclaiming the $100,000 mark once again. Despite the rally, the original crypto faces considerable resistance at the $97,000 mark. DOGE, on the other hand, is struggling to breach the $0.19 mark. Also Read: Nvidia Chip Export Restrictions: CEO Warns Legislation Could Impact NVDA Stock How High Will Dogecoin Go If Bitcoin Hits $150,000? Source: Watcher Guru Bitcoin (BTC) has had multiple all-time highs over the last year. The asset hit its most recent peak of $108,786 on Jan 20 of this year. DOGE, meanwhile, has struggled to gain momentum over the last few years. The memecoin has had sporadic rallies, but has not hit a new all-time high since May 2021. Also Read: AI Predicts How High NEAR Will Rise In May 2025 According to X’s Grok AI, if BTC hits $150,000, its price will rally by 54.76%. If DOGE rallie...

VeChain: VET Rises 15% In 30 Days, Can It Hit $0.030 This Week?

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VeChain (VET) made a slight recovery after the recent market-wide resurgence. The asset has rallied 3.4% in the 14-day charts and 15.1% over the previous month. Despite the recovery, VET’s price has dipped 0.3% in the daily charts, 8.2% in the weekly charts, and 31.5% since May 2024. Also Read: Morgan Stanley Predicts The Future Of Ripple (XRP) Source: CoinGecko Cryptocurrencies Hold Steady Source: Watcher Guru The crypto market seems to be entering a sideways trajectory. Bitcoin (BTC) is facing substantial resistance at the $97,000 level. VET is facing some resistance at the $0.027 level. The recent market rally is likely fueled by institutional investors. BlackRock purchased more than $3 billion worth of BTC since Apr. 22. Retail investor participation is likely very low right now. Investor confidence has still not recovered to pre-tariff levels. Also Read: Dogecoin (DOGE) & Cardano (ADA) Price Prediction For May 10, 2025 VeChain’s (VET) recovery is likely due to Bitcoin (...

$81 Million Spot Bitcoin ETF Outflow Ends Positive Streak As Bitwise Says Two-Thirds of Institutional Holders Increased Or Maintained Q2 Positions

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US spot Bitcoin ETFs (exchange-traded funds) recorded $81.36 million net outflows yesterday to bring an end to a two-day positive flow streak as Bitwise says around 66% of institutional investors either increased or maintained their BTC ETF positions in Q2. BlackRock’s IBIT and Franklin’s EZBC were the only two funds to record net inflows on Aug. 14. IBIT saw its reserves grow by $2.68 million, while EZBC saw net inflows of $3.42 million, according to data from SosoValue . Grayscale’s Bitcoin ETF Takes Another Hit, Records Largest Outflows Grayscale’s GBTC took another knock and suffered $56.87 million inflows yesterday. Fidelity’s FBTC registered the second largest outflows for the day after $18.05 million left the fund. During the same trading session, Ark and 21Shares’ ARKB and Bitwise’s BITB also saw outflows of $6.77 million and $5.78 million, respectively. The remaining 6 funds recorded no flows. Trading volume for spot Bitcoin ETFs ...