As institutional investors continue to show interest in Bitcoin, the Spot Bitcoin ETF recorded its highest ever daily inflows of $1.045 billion on March 12. Interest is growing as major cryptocurrencies continue to pump and form new ATHs.
Pepe (PEPE) has been one of the biggest beneficiaries of the strong bullish sentiment in the cryptocurrency market, with its price hitting a high of $0.000009885. NuggetRush (NUGX) also benefited from the cryptocurrency market rally, hitting a new high of $0.019.
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The price of the Bitcoin (BTC) ETF has reached a new milestone, hitting an all-time high.
Demand for BTC has surged since the spot Bitcoin ETF was approved two months ago. According to a recent report from Farside, daily inflows into spot ETFs topped $1.045 billion on March 12, with $849 million mainly contributed to BlackRock’s iShares Bitcoin ETF (IBIT).
Willie Wu also reported It has been revealed that daily capital inflows stored in the Bitcoin network have exceeded $2 billion. Interest from large investors continues to grow, with people investing more than $11.1 billion in spot Bitcoin ETFs over the past 13 days.
All of this is happening as Bitcoin (BTC) is leading the upward trend in the cryptocurrency market. Bitcoin has risen more than 50% in the past 30 days, reaching ATH above $73,400. When the Bitcoin halving occurs next month, FOMO could push Bitcoin price up to $80,000.
NuggetRush (NUGX) Reaches $1 in Bull Market in 2024
Riding a bullish wave in the cryptocurrency market, the price of new DeFi project NuggetRush (NUGX) hit an all-time high of $0.019. However, cryptocurrency experts have set a price target for NUGX of $1.00 before the end of 2024.
NuggetRush is gaining popularity due to its unique ecosystem that combines elements of Play-to-Earn (P2E), GameFi, popular NFT characters, and meme culture. The game will immerse players in a virtual world through an exciting gold mining adventure.
Players will build mining operations and participate in challenges to earn and accumulate rewards. But what makes NuggetRush most interesting is the fact that the gold where players are located in the virtual world can be converted into real gold and money.
Holders can also stake their NFTs to receive rewards of up to 20% APY. NuggetRush earning potential has led to increased accumulation of NUGX tokens. Over 226 million tokens have been sold in the past few weeks, making it the best cryptocurrency investment for the current 2024 bull cycle.
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Pepe (PEPE) Hits All-Time High and Maintains Bullish Momentum
After being dormant for several months, Pepe (PEPE) is back on the scene with one of its biggest gains. Outperforming the latest Solana meme coin, Pepe has gained over 700% in the last 30 days. Pepe thus reached a new ATH of $0.000009885.
Pepe showed strength, holding above the $0.0000090 support level. A hold above this price level could open the way to the important $0.00001 level. This will be a history-making moment for PEPE as it enters the 4-0 price range for the first time.
conclusion
Rising interest from institutional investors has played a role in the rise in Bitcoin prices. As Bitcoin halving approaches, cryptocurrency experts predict that Bitcoin will see further gains.
The best altcoins to benefit from this growth are NuggetRush and Pepe. NUGX could lead the cryptocurrency market as it rises to $1.00 while PEPE looks to erase another zero.
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