Record $10B Bitcoin ETF Trading Volume As $7.7M Investments in Bitcoin Dogs
Trading volumes have been linked to profit taking in spot ETFs.
Bitcoin Dogs ride Bitcoin price trends reinforced by its Web 3.0 utility.
Over $7.7 million was raised in the Bitcoin Dogs presale.
Record ETF trading volumes and BTC cooling off the price are two highly anticipated events this week. The latest Data It shows that the total trading volume on 10 spot ETFs exceeds $10 billion. Record transaction volumes highlight increased activity in Bitcoin. However, buying trends are observed on Bitcoin dogsIt fetched more than $7.7 million in pre-sales. With 9 days to go before the presale ends, analysts expect the price of Bitcoin Dogs to rise after the listing.
Record trading volumes ETF volumes with Bitcoin price
It's been a busy week for Bitcoin after hitting a high above $69,000. However, the price of BTC has slowed down at this critical market level. At the time of this publication, the world's largest cryptocurrency was down 2.70 percent. The cryptocurrency was exchanging hands at $66,716.
Meanwhile, ten listed place Bitcoin ETFs It set a new record with $10 billion in trade. The rate broke the previous week's daily record. However, there is a difference in the two transaction sizes.
Last week's record volumes were attributed to large volumes entering the ETF. This is in conjunction with the rise in the price of Bitcoin, which has helped it claim its 2021 record. However, the new trading volume is associated with higher profits.
brand new Data Shares by Bloomberg ETF analyst Eric Balchunas showed that the $BITI ETF hit a record high for the most part. This is not surprising since it is a short Bitcoin ETF. On the contrary, the decline in the price of Bitcoin remains unnoticed, which strengthens the hypothesis of the sale. Investors may have locked in some profits after Bitcoin held up for a large part of the month.
Bitcoin Dogs: Pre-Sell Sentiment Breaks $7.7B
As Bitcoin continues to rock the crypto markets, Bitcoin Dogs is riding this sentiment. A pre-sale testimonial that grosses over $7.7 million in 3 weeks is not uncommon. Being the first BRC-20 token, investors are drawn to the token that rides on the legacy Bitcoin network. Even as inflows into Bitcoin ETFs continue, Bitcoin hounds attract suitors. But let's look beyond the parent. Bitcoin.
Bitcoin Dogs is a utility token, and one fact that has attracted a lot of attention is NFTs. According to the team, Bitcoin Dogs will be the largest collection of Bitcoin Ordinals NFT. The team will issue 10,000 unique tokens that will be distributed to $0DOG holders. The opportunity lies in collecting and selling these tokens on a decentralized market. This is especially true with the planned NFT market adoption during the 2024 bull market.
Games and vice versa are stated goals in the Bitcoin Dogs ecosystem. Bitcoin Dogs Tokens entitles the holder to benefits and immersive experiences in the dog community. Coin owners can participate in competitions and interactions or simply take their dogs on training sessions. Live gaming and virtual experiences reinforce the role of Bitcoin Dogs in Web 3.0.
Is It the Right Time to Buy Bitcoin Dogs?
With 9 days to go, there is no more time to buy Bitcoin Dogs. This is an opportunity to get tokens before listing when the price is low. Additionally, the $0DOG price will increase at each presale level. This attracted investors who wanted to acquire tokens at a lower price than others.
And then there is the market opportunity. After the pre-sale ends, investors buy bitcoins on exchanges. As history shows, the most speculative tokens like $0DOG will gain almost immediately after listing. This makes the tokens more expensive by simultaneously raising the price held by presale buyers. So it makes sense to buy in the pre-sale before the planned price hike.
Investors can visit the project to buy Bitcoin Dogs during the pre-sale. website Page
