Published
1 month ago on
March 13, 2024
Table of Contents
- Bitcoin (BTC) Breaks Records Amidst Rising Demand
- Litecoin (LTC) Witnesses Surge in Trading Volume and Investor Interest
- Ethereum (ETH) Faces Uncertainty Amidst Spot ETF Approval Delays
- DeeStream (DST) Witnesses Surging Interest Amidst Streaming Genius Presale
The DeeStream (DST) pre-sale is gathering some pace, having attracted pretty sizable Bitcoin (BTC) and Litecoin (LTC) whales within just one day, causing flickers of excitement in the crypto world. DeeStream (DST) is one of those contestants that really can shake present trends and attitudes in content creation and streaming. With Ethereum (ETH) on its way to over $4000, the doors to heaven are wide open in the crypto space.
Let's dig deeper into all the recent hype around DeeStream's presale and the new inroads of the leading cryptos; this might actually mean very great things for an investor keeping an eye out for one of the most profitable ventures in the fast-paced digital asset space.
Bitcoin (BTC) Breaks Records Amidst Rising Demand
Bitcoin (BTC) reached a historic milestone, surpassing $71,000 during Asian trading hours on Monday. The milestone comes as the value of Bitcoin (BTC) has continued to climb, steadily clocking new highs ever since the U.S. gave the green light to spot Bitcoin (BTC) exchange traded funds (ETFs). Last week, Bitcoin (BTC) rallied through $70,000 for the first time, pointing to strong investor confidence. Ethereum (ETH) rallied above $4,000 on Monday and contributed to an overall bullish mood in the cryptocurrency market.
The rally has spurred a surge in the annualized 3-month futures premium on major exchanges, attracting cash and carry traders and boosting market liquidity. Factors for such growth might be the London Stock Exchange accepting both Bitcoin (BTC) and Ether exchange-traded notes (ETNs) and macroeconomic conditions.
Litecoin (LTC) Witnesses Surge in Trading Volume and Investor Interest
With this kind of rise, an equal eruption in the daily volume of trading has been witnessed in Litecoin (LTC), depicting increased investor activity and thus pushing market liquidity. The volume has risen from $391 million in February to $1.3 billion in March, marking an increase of 232.48%. Addresses with between $1 million and $10 million worth of Litecoin (LTC) also increased by 5,291, pointing to a growing interest of institutional investors in the cryptocurrency. Analysts expect Litecoin (LTC) prices to rise with the rest of the market and give signals of impending monthly gains.
Ethereum (ETH) Faces Uncertainty Amidst Spot ETF Approval Delays
Ethereum (ETH) has struggled to regain beyond the $4,000 barrier, even though euphoria has boosted the crypto markets following the approval of spot Bitcoin (BTC) ETFs. Euphoria has been boosted across crypto markets as Optimism over the approval of spot Ethereum (ETH) ETFs by the U.S. There seems to be some diminishing sentiment of optimism on the part of the industry insiders in regard to the consideration timeline of Ethereum (ETH) ETFs. The sentiment of the Securities and Exchange Commission (SEC) continues to dwindle, given that an optimistic view had already been built in the industry towards a timeframe to approve the Ethereum (ETH) ETF.
However, the correlation of spot markets remains a high degree of uncertainty, as this comes in line with the difficulties both investors and issuers of Ethereum (ETH) are facing in relation to the approval from the SEC.
DeeStream (DST) Witnesses Surging Interest Amidst Streaming Genius Presale
DeeStream (DST) has been one of the highest-awaited presales in the crypto community this year by far, with its streaming presale gaining momentum. DeeStream (DST) introduces the VIP program to offer an even better user experience with increased community activity. DeeStream(DST) is truly a unique one, helping to bridge some of those gaps in the streaming space with blockchain solutions, which provide a fair and transparent way for content creators and users.
DeeStream (DST) indeed offers a very interesting investment opportunity, with its first-stage presale coming in at $0.046. DeeStream (DST), it seems, is a very promising pick for all these long-term investors looking to gain returns from a burgeoning market as experts forecast major gains.
Find out more about the DeeStream (DST) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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