TLDR
- Spot Bitcoin (BTC) ETFs’ arrival in January 2024 caused a buzz, pushing BTC to a new high of $74,000 in March. Nonetheless, it crashed to $60,800 after the hype subsided. Despite the upcoming halving making it a good buy, ETFs saw outflows.
- NuggetRush (NUGX) is a popular play-to-earn (P2E) game in the cryptocurrency space, offering exciting non-fungible tokens (NFTs) and staking rewards. Investors rushed into its presale for access to the game and potential gains.
The cryptocurrency world is volatile, marked by the launch of innovative projects that attract investors and enthusiasts. In this landscape, two significant developments have taken center stage: Bitcoin (BTC) and NuggetRush (NUGX). Although spot Bitcoin ETFs encountered negative flows amid market pullback, NuggetRush has come as a solution to stabilize portfolios and may help push gaming coins to new highs.
What you'll learn 👉
Spot Bitcoin ETFs Spark Speculation: BTC Hits All-Time High before Sharp Correction
The arrival of spot Bitcoin (BTC) ETFs in January 2024 resulted in a speculative frenzy, and billions of dollars flowed into Wall Street wallets. The hype pushed Bitcoin (BTC) to explosive heights, peaking at a new all-time high of $74,000.55 in March.
Nevertheless, this euphoria was short-term, with Bitcoin (BTC) crashing to lows of $60,800.15 after setting an all-time high. Although many agree it is good crypto to buy now with the halving event coming up, the spot Bitcoin (BTC) ETFs that catalyzed the rally keep bleeding with notable outflows, causing uneasy market sentiment.
Coinshares data showed net negative spot Bitcoin ETF flows for the last two weeks of March. The situation happened due to reduced ETF demand and increased outflows from Grayscale’s GBTC fund. In the week ending March 24, the GBTC fund recorded over $1.086 billion in outflows, while BlackRock’s iShares Bitcoin Trust recorded inflows of $527 million at the same time.
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Show more +Despite other spot Bitcoin (BTC) funds attracting inflows, the losses from GBTC meant there was a net outflow from this market. Despite the weakening demand for spot BTC ETFs, some prominent Bitcoin bulls pushed back, resulting in a recovery from the March lows.
Despite the volatility, BTC bulls are still strong and believe the biggest crypto will surge to new all-time highs after the halving.
On April 3, 2024, BTC was trading at $66,719.59, down 5.02% in the past week. Experts say BTC will rise to $73,500.15 in April, supported by growing demand and FOMO as the halving approaches.
NuggetRush (NUGX): The Rising Star of Play-to-Earn Games in Crypto
NuggetRush (NUGX) is a play-to-earn (P2E) game dominating the crypto space. Although relatively new, NuggetRush (NUGX) has become popular among gamers and investors.
Investors quickly bought NUGX in its presale to get an avenue into the exciting NuggetRush game that unleashes the coolest NFTs that work as digital assets and game characters on its platform. These characters are designed with many features and capabilities that enable players to survive in the game, advancing to higher levels based on power, skill, and luck.
On the other hand, investors seem excited by the massive gains and staking rewards after they purchase NuggetRush’s in-game items. For the traders NuggetRush (NUGX) is adding increased utility to gaming coins and introducing a game that comprises a “simple yet addictive” gameplay. By blending a P2E GameFi concept, the gamers earn rewards while enjoying their time on the platform.
Currently, its blockchain ICO stage is complete, and NuggetRush investors await a NUGX airdrop scheduled for April 23, 2024. Unlike most of the other cryptos, NUGX has many utilities that attracted investors, resulting in a presale sell-out before its scheduled date. With all these features and utilities, NuggetRush (NUGX) is a top cryptocurrency investment for investors excited by innovation and seeking great ROI.
NuggetRush’s presale is complete, and investors are still purchasing NUGX at its listing price of $0.020 before its launch. Over 270 million tokens have been sold, and over $3.75 million has been raised. With analysts convinced that NUGX will grow 30X after listing, the token is undoubtedly the best crypto investment today.
Visit NuggetRush Presale Website
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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