Global #investment

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a slight decline recently, aligning with the broader crypto market's downward trend. However, a well-known crypto analyst, Mags, anticipates a bullish 13% rally for Ethereum in the near future.

In recent months, many new memecoins have emerged and gained substantial popularity. Despite these new tokens capturing a significant portion of the market share, Shiba Inu (SHIB) has continued to grow.

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Bitcoin exchange-traded funds (ETFs) have attracted $488 million in net inflows, pushing the price of BTC to $71,767, nearing its peak value and indicating renewed investor confidence.

In his latest essay titled "Group of Fools," Arthur Hayes, co-founder of BitMEX, provides a critical analysis of recent macroeconomic events and their potential impact on the cryptocurrency market. Known for his direct style, Hayes combines technical analysis, criticism of central banking practices, and insights into currency markets to make the case for a resurgence of bullish sentiment in Bitcoin and crypto.

Franklin Templeton, a leading asset manager, is reportedly exploring the launch of a new private fund catering to institutional investors, offering exposure to alternative cryptocurrencies (altcoins) and staking rewards.