Blockrock's Bitcoin ETF Records Historic Day; Can Viral New Altcoin Also Gain Traction As It Adopts Satoshi's Bitcoin Principles
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November 26, 2024 12:36 PM Central Standard Time
On November 19, Blackrock launched its Bitcoin ETF. In just 24 hours, it reached a trading volume of $1.9 billion, sparking excitement throughout the market. With Bitcoin now closing in on $100,000, the altcoin market is building momentum, with projects like Solana reaching all-time highs over the last week.
As prices snowball upwards, an innovative new altcoin called Cutoshi is gaining traction. Having recently passed the $1 million raised milestone, this viral altcoin has gained huge spectator attention and been praised for its use of Satoshi’s Bitcoin principles.
Cantor Fitzgerald Plans To Launch A Bitcoin Lending Program
Leading financial services company Cantor Fitzgerald has announced plans to create a $2 billion Bitcoin lending program. The program will be supported by Tether and will let investors borrow dollars against Bitcoin, blending traditional finance and DeFi.
Meanwhile, Hong Kong digital bank ZA Bank has announced the release of cryptocurrency transactions for retail customers. This is the first Asia-based financial institution to offer cryptocurrency transactions, marking a pivotal moment in global cryptocurrency adoption.
Currently, Bitcoin is trading at $98,300.22 following a massive 46% monthly increase. During this rally, Bitcoin inflows have rocketed, with Coinmarketcap showing a daily trading volume of $55.38 billion over the last 24 hours.
Blackrock Bitcoin ETF Sees $1.9 Billion In 24-Hour Trading Volume
The Blackrock Bitcoin ETF made global headlines over the last week after experiencing an unprecedented trading volume. In just 24 hours, trading volume reached $1.9 billion, pushing Bitcoin to new highs of $98,935.03. Known as the iShares Bitcoin Trust ETF (IBIT) the Blackrock Bitcoin ETF saw a massive 354,000 contract trade in 24 hours.
According to Eric Balchunas, a senior ETF analyst at Bloomberg, the Blackrock Bitcoin ETF trading volume was "unprecedented for a first day.” Balchunas also stated that most transactions were call options, suggesting that investors anticipate additional price increases for Bitcoin and the Blackrock Bitcoin ETF.
The Blackrock Bitcoin ETF marks a major milestone for the DeFi industry and could result in huge institutional investment in 2025. This could have a significant knock-on effect for the rest of the DeFi market, with the Blackrock Bitcoin ETF continuing to see huge inflows.
Cutoshi Gains Momentum With Satoshi's Bitcoin Principles
Cutoshi is an exciting new altcoin that’s gained significant traction during its presale. Having recently passed $1 million in raised funds, spectators are anticipating huge returns going into 2025.
Cutoshi builds on Satoshi’s Bitcoin principles. It looks to combine outstanding utility with the hype of meme coins to empower investors and educate the next generation of DeFi enthusiasts. Using a Chinese Lucky cat theme, Cutoshi introduces a lucrative new decentralized exchange, educational tools, NFTs and a farming program that attracted over 1,300 users in just a few days.
The Cutoshi exchange stands out due to its extremely low fees. Investors can make cross-chain transactions with fees of just 0.25%. 80% of these fees are given to liquidity providers and the remaining 20% are used for $CUTO buybacks, after which the tokens are burned.
With great passive income options, an active DeFi community and a rapidly growing ecosystem, spectators are bullish about Cutoshi’s growth. $CUTO tokens can currently be purchased for just $0.0259, though with 76% of stage three already sold out, tokens will remain this low for long!
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings.
Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets.
Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone.
The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi.
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