BlackRock’s IBIT Spot Bitcoin ETF Reaches Record Daily Inflows of $788 Million
On Tuesday, BlackRock’s IBIT spot Bitcoin exchange-traded fund saw record daily inflows of $788.3 million, sending Bitcoin above $69,000 for the first time since November 2021. According to data from BitMEX Research, IBIT inflows yesterday rose 30% from the previous record of $603.9 million set on February 29. This surpasses the total net inflow of $562.7 million recorded on Monday for all US spot Bitcoin ETFs combined.
Avalanche Introduced Teleporter
Avalanche developers have released Teleporter, a tool designed to improve communication across the subnet ecosystem. Teleporter aims to unify Avalanche’s network of application-specific chains, allowing them to operate more harmoniously and addressing issues such as ecosystem fragmentation. Avalanche is built on Warp Messaging (AWM) and supports C-Chain.
Strong Performance Data from Spot Bitcoin ETFs
According to the data, despite the outflows from Grayscale, there was an inflow of $8.5 billion into spot Bitcoin ETFs in less than two months. When evaluated on an ETF basis, IBIT and FBTC experienced the largest ETF inflows in history within the first thirty days of their launch. In addition, spot Bitcoin ETFs, which reached a transaction volume of $ 6 billion on Tuesday, surpassed Microsoft’s daily transaction volume.
Uniswap Reached Its Highest Level in the Last Two Years
UNI, the token of Uniswap, a decentralized exchange, has increased by 46%, rising above $ 17, the level last seen in January 2022. Additionally, its market capitalization increased by 44% to $9.4 billion, making it the sixteenth largest cryptocurrency. This move follows the Uniswap Foundation’s proposal to improve the protocol’s governance regarding fee redistribution in order to increase community participation.
617 Million W Tokens Will Be AirDroped to Wormhole’s Previous Users
Wormhole, which provides a bridge service for tokens, said on Wednesday that it will issue a W token and provide 617 million tokens to previous users. Wormhole DAO, an organization that will not be launched yet but will make choices such as how much fees will be for the platform, will use the W token as a governance asset and give token holders the opportunity to vote. Wormhole; A platform for cross-chain communication that facilitates the transfer of funds between blockchains such as Ethereum, Aptos, Solana and others.
$875 Million Agreement Signed Between BlockFi and FTX and Alameda Research
In a bankruptcy court filing Wednesday, bankrupt cryptocurrency lender BlockFi announced it had reached an $874.5 million settlement in principle with the properties of FTX and Alameda Research. BlockFi, which was hit by FTX’s 2022 collapse and has filed for Chapter 11 bankruptcy, will receive a $185.2 million customer claim against FTX, as well as a $689.3 million claim from FTX’s sister trading company, Alameda Research.
Bitcoin Assets in El Salvador Reach a Record of $164 Million
El Salvador Government head Nayib Bukele has accumulated almost 2,380 Bitcoins since he announced that he would start buying 1 Bitcoin every day. This compares to a value of $164.7 million on March 5, when Bitcoin reached its all-time high. The price of Bitcoin is now 53% more than El Salvador’s total cost basis. The average cost is approximately $44,300.
Worldcoin Faces Three-Month Suspension of Its Use in Spain
The Spanish Data Protection Agency (AEPD) announced that it has instructed Worldcoin to stop collecting and processing personal data and to stop using data already collected within the country for the next three months. This directive, issued on March 6, includes several complaints received by AEPD against Worldcoin for providing insufficient information and collecting data from minors.
——————————————————————- —————————–
BITCOIN(BTC)
As of the morning hours, BTC is priced at $65,824 with a 0.36% loss of value. Bitcoin, which tested the $ 67,000 level again in the early hours of the day, retreated slightly. If this withdrawal movement continues, the $65,000 and $64,500 levels can be followed as important support zones. If it declines below both levels, the $62,000 level emerges as an important support zone. In upward movements, if the level of $ 67,000 is exceeded, the ATH level of $ 69,000 can be followed as resistance.
ETHEREUM(ETH)
ETH is priced at $3740 with a 1.93% loss of value as of the morning hours. When we examine the four-hour chart, we see that the $ 3880 level was tested with the upward movement experienced yesterday, but it could not be sustained. In addition, the short-term rising trend support appears to be broken downwards for now. If the withdrawal movement continues, the $ 3700 level can be followed as support. In upward movements, 3800 and 3880 levels can be followed as critical resistance areas.
RIPPLE(XRP)
As of the morning hours, XRP is priced at $0.6185 with a 1.03% gain in value. When we examine the four-hour chart, we see that there was an upward reaction movement, but it could not be sustained above the $0.62 level. If this region is crossed, a movement towards the $0.64 region may be possible. In case of a withdrawal, the $0.61 level can be followed as support.
AVALANCHE(AVAX)
AVAX is priced at $42.03 with a 1.03% gain in value as of the morning hours. When we evaluate the four-hour chart, we see that the resistance zone of $43.40 is working well. Even if this region breaks upwards, the subsequent withdrawal movement is noteworthy. In the short term, in case of an upward break of the $44 level, the $47 level can be followed as resistance. In case of a withdrawal, the $41 level can be followed as support.
SOLANA(SOL)
SOL is priced at $138.2 with a 5.60% gain in value as of the morning hours. When we examine the daily chart, we see that the upward movement continues, strengthened by the breakout of the $120 resistance zone. If this movement continues upwards, the closest resistance point appears to be the $ 140 level. If there is persistence above this region, the 145 and 150 dollar levels can be tested. In case of a pullback, the $135 and $130 levels can be followed as support.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $ 19,819, with a 1.39% loss in value. When we examine the four-hour chart, we see that the reaction movement that occurred yesterday at the support zone of $ 18 reached the level of $ 20,250, but it could not be permanent in this region. When evaluated in the short term, the $20,670 level can be tested above the $20 level. In case of a withdrawal, the $19 level can be followed as support.
RNDR
RNDR is priced at $9.8518 with a 5.72% gain in value as of the morning hours. When we examine the four-hour chart, we see that the resistance zone of $ 8.0817 has been exceeded and a strong movement has occurred. Currently, the closest resistance point is the $10 level. If it persists above this region, the $10.50 level can be tested. In case of a withdrawal, the $ 9.50 level can be followed as support.
AGIX
AGIX is priced at $1,138 with a 3.64% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $1 level, which is the resistance zone, has been broken upwards. If this movement continues, the $1.20 level can be followed as resistance. In case of a withdrawal, the $ 1.10 level appears as an important support point.
