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Nile Capital

@nilecapital

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Nile Capital
@nilecapital
What an eventful week in crypto! 🚀 Top 3 highlights: 1️⃣ Bitcoin rallies post-Fed's 50bps rate cut, boosting optimism and trading volumes. 2️⃣ Solana up 13%, beating Ethereum's 8%; its rapid growth could challenge Ethereum. 3️⃣ Investors shift from Grayscale's GBTC/ETHE to lower-fee ETFs like BlackRock's. Bullish week ahead!
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Nile Capital
@nilecapital
Solana Soars: Could It Overtake Ethereum? Solana is up 13% this week, outperforming Ethereum’s 8%.🚀 Its market cap sits at $70.8B vs. ETH’s $306.3B. While Ethereum still leads, Solana’s rapid growth has everyone watching 👀. With #Altseason approaching, Solana could be the next big thing. Keep your eyes on it! The Solana community is also bullish AF🔥
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🚀 Fed Rate Cut Fuels Bitcoin Rally! 🔥 Bitcoin is now trading at $63,270, up 6.06% in just 24 hours. Trading volume has jumped 40%! 📈 The recent 50 basis point Fed rate cut has sparked optimism, increasing liquidity and risk appetite. Data from CryptoQuant shows low long-term holder movement, suggesting reduced selling pressure. Strong buying from US and Korean investors continues. High short liquidations hint at market strength despite some lingering anxiety.
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@nilecapital
Massive Outflows from Grayscale’s ETFs: What’s Driving Investors Away? Grayscale's GBTC saw $20.06B and ETHE $2.75B in outflows, signalling a shift in investor preferences. - High Fees: GBTC & ETHE charge 1.5%-2.5%, while competitors like BlackRock offer 0.12%-0.40% fees. - New ETF Approvals: Spot Bitcoin & Ethereum ETFs now offer real-time pricing and better liquidity, unlike Grayscale’s closed-end funds. - Liquidity & Redemption: New ETFs let investors easily exit positions, unlike Grayscale’s structure. To stay competitive, Grayscale must lower fees and innovate, or it risks losing more ground.
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The Fed's 50 basis point interest rate cut is bullish. Let's see how fast Bitcoin will fly from here.
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Joined Farcaster minutes ago, and I'm loving the vibes. The fact that it's blockchain-based makes it a winner.
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Hello everyone! I'm new to this platform and would appreciate any how-to resources to help me get started. Thanks a bunch!
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