Bitcoin
Bitcoin rises 1.5%, Ethereum advances to $5,000 and why Furrever Token is the next big thing
Furrever Token
New York City, NY, May 17, 2024 (GLOBE NEWSWIRE) –
The crypto market is buzzing with excitement as Bitcoin experiences a 1.5% surge, signaling strong momentum for the leading cryptocurrency. Meanwhile, Ethereum is on the verge of a significant breakthrough, with analysts predicting it could soon reach the $5,000 mark. Amidst these developments a new and captivating player Furrever Token, is emerging as a potential game changer in the crypto space. Combining the charm of cat-themed content with blockchain technology, Furrever Token offers a unique investment opportunity with the promise of astronomical returns. As Bitcoin and Ethereum continue to make headlines, don’t overlook the irresistible appeal and innovative potential of Furrever Token – the next big thing in cryptocurrency.
Bitcoin rises 2%: institutional investments in Bitcoin ETFs soar
Bitcoin (BTC) is currently trading around $65,738.46, experiencing an increase of almost 2% since yesterday. Last week, more than 600 companies disclosed substantial investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings with the United States Securities and Exchange Commission (SEC).
According to the filing data, professional investment firms reported holding $3.5 billion worth of Bitcoin ETFs. Major players include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.
Millennium Management leads the pack with $1.9 billion invested in several Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Schonfeld Strategic Advisors continues with an investment of US$479 million, mainly in funds from BlackRock and Fidelity. Boothbay Fund Management and Pine Ridge Advisers also declared significant holdings in spot Bitcoin ETFs.
Morgan Stanley stands out with a $269.9 million investment in the Grayscale Bitcoin Trust (GBTC), making it one of the largest holders. Other notable investors include Aristeia Capital, Graham Capital Management, CRCM and Fortress Investment Group, each with substantial investments in IBIT.
Spot Bitcoin ETFs, launched in January, saw strong demand in the first three months. Despite the recent slowdown in inflows, sustained interest from hundreds of financial institutions underscores growing institutional confidence in Bitcoin’s potential. As the price of Bitcoin continues to rise, these substantial investments highlight the growing acceptance and adoption of the leading cryptocurrency.
The story continues
Potential Ethereum Surge Amid SEC Ruling Anticipation
Ethereum (ETH) currently trades around $2,950.80, down 0.5% from yesterday but primed for a potential near-term bullish surge after a five-day stagnation. This momentum is fueled by discussions about declining revenue on Mainnet ETH and the impending SEC ruling on spot ETH ETFs.
Opinions are divided on the SEC’s ruling on VanEck’s spot ETF filing, expected on May 23. ETF Store’s Nate Geraci believes rejection is unlikely, citing previous ETH futures ETF approvals and staking options removals. However, some speculate denial due to ongoing investigations into Ethereum’s security rating.
SEC scrutiny began in April 2023, but ETH futures ETFs were approved in September, highlighting regulatory complexity. Ethereum now aims to surpass $3,000, facing resistance at $3,103 and $3,161. The near-term bullish sentiment is evident, with ETH long liquidations slowing, open interest rising to 1.97%, and anticipation of increased price volatility ahead of the SEC decision.
Furrever Token: Analysts Predict the Next Big Thing in Crypto
Furrever Token (FURR) is catching the attention of the crypto world, with analysts predicting it could be the next big thing. Built on the BNB-20 blockchain, Furrever Token stands out for combining blockchain technology with the universal appeal of cute cat images. This unique approach transforms everyday crypto interactions into delightful experiences by featuring charming cat-themed stickers, emojis, and visuals that improve user engagement.
One of the main features driving interest in Furrever Token is the engaging community challenges. These regular events encourage users to share their love of cuteness and participate in fun activities, fostering a warm and inclusive community atmosphere. The project also promises future exclusive content, ensuring that the community remains excited and engaged with new and delicious surprises.
Security and compliance are Furrever Token’s top priorities. The smart contract has been audited by Securi Lab, providing a secure and reliable platform for all users. Furthermore, the team’s tokens are locked for one year, demonstrating the commitment to the project’s longevity and stability.
Furrever Token’s impressive token economy includes a total supply of 9 billion tokens, with 65% allocated to presale, 25% to DEX allocation, and 10% to staff. The pre-sale has already raised more than US$1.1 million, reaching the end of its stages and aiming to raise US$1.9 million. With a current price of $0.000648, Furrever Token offers an attractive entry point for investors.
Additionally, Furrever Token has launched a shopping competition with the highest total of $20,000, where 10 winners will share the prize. The competition runs until May 27, 2024, providing an additional incentive for new investors to join the community.
Furrever Token has seen organic growth with nearly 4,000 members on its active Telegram channel. This growing community and the project’s innovative approach position Furrever Token as a promising investment opportunity, combining the charm of cats with the potential of cryptocurrency for unparalleled rewards. Don’t miss the opportunity to be part of this lovely revolution in the crypto world!
Join the Furrever Token presale now:
Furrever Token official website
Enter the $20,000 Furrever Token Giveaway
Join the official Telegram group
Follow the official account
Media Contact:
Robert Smith
https://furrevertoken.com/
support (at) furrevertoken.com
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.
CONTACT: Robert Smith support (at) furrevertoken.com
