Close Menu
OvenAddOvenAdd
    Facebook X (Twitter) Instagram Telegram
    • About Us
    • Contact Us
    • Advertise on OvenAdd
    • Disclaimer
    • Privacy Policy
    • Web Stories
    Facebook X (Twitter) Instagram Telegram
    OvenAddOvenAdd
    • News
    • Analysis
    • Learn
    • Crypto Price Predictions
      • DeFi Coins
      • dApps Coins
      • AI Coins
      • NFTs Coins
      • Meme Coins
    • Press Release
      • Advertise on OvenAdd
    • Top List
      • How to Buy
    Trade Now
    OvenAddOvenAdd
    Trade Now
    Home - News - Cryptocurrency Market Receives $279 Million Boost: Strong Buy Signals
    News

    Cryptocurrency Market Receives $279 Million Boost: Strong Buy Signals

    Sandeep JadhavBy Sandeep JadhavJuly 17, 20242 Mins Read
    Facebook Twitter Telegram WhatsApp
    Cryptocurrency Market Receives $279 Million Boost: Strong Buy Signals
    Share
    Facebook Twitter LinkedIn Telegram WhatsApp Copy Link
    Telegram Group Join Now

    This week, institutional funds and individual whales have poured $278.7 million into the cryptocurrency market. These investments entered via USDT and may soon be converted into various cryptocurrencies of their choice.

    Lookonchain was the first to report on the whale entry, suggesting that prices might surge this week. “Three whales/institutions pumped 278.7M USDT into the crypto market today!” the tweet stated.

    We believe that this funds injection has been triggered by the rebound in cryptocurrency prices after an extended period of market consolidation. Moreover, Bitcoin and Ethereum are typically the top choices for institutions making initial investments.

    Crypto Market Surges with $279 Million Investment Boost

    Crypto Market Surges with $279 Million Investment Boost
    $279 Million Investment Boost

    As we found on CoinMarketCap, Bitcoin is currently trading at $65,639 level and is approaching the $66,000 milestone. The overall cryptocurrency market is also showing positive trends, with leading altcoins moving in sync with Bitcoin.

    The cryptocurrency market might see a major price surge this month due to new institutional funds. The previous entry of institutional investors into Bitcoin ETFs led BTC to a new all-time high of $73,737 in March 2024, following the Bitcoin halving event.

    BlackRock, Greyscale, and Valkyrie are Trillion-dollar asset management firms that have started offering Bitcoin ETF services to their clients. As a result, leading institutional investors are now able to enter the cryptocurrency market and take advantage of its various opportunities.

    Many crypto expert’s suggest that the SEC might approve an Ethereum ETF by the end of 2024. If this occurs, the cryptocurrency market could see increased buying pressure, driving altcoins to new yearly highs. Both Bitcoin and Ethereum may surpass their previous all-time highs and explore new levels.

    Also Read: Will Dogecoin Hit a New All-Time High by the End of August?

    Disclaimer

    The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.

    Share. Facebook Twitter LinkedIn Telegram WhatsApp
    Sandeep Jadhav
    • X (Twitter)

    Sandeep got into crypto in 2018 by trading and investing. He began writing about cryptocurrency and blockchain technology in 2020 and now serves as OvenAdd Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things cryptocurrency, blockchain, and NFTs.

    Related Posts

    Analysis

    Global Cryptocurrency Market Cap Hits Record $4 Trillion Milestone

    July 18, 2025
    Analysis

    XRP Surges 47% in a Month: Just 15% Away From New ATH Level

    July 17, 2025
    Analysis

    FLOKI Surges 30% in Price and Eyes the $0.00020 Target

    July 17, 2025
    Popular Posts
    Analysis

    Will XRP’s Rally Continue After Reaching $3?

    Praveen JadhavJuly 17, 2025
    Analysis

    Can $1,000 Investment in Shiba Inu (SHIB) Turn Into $500K? Here’s When

    Praveen JadhavJuly 16, 2025
    Analysis

    Your $1k in Ripple (XRP) Could Skyrocket—If XRP Hits $5 Or $10

    Praveen JadhavJuly 16, 2025
    Analysis

    Bitcoin (BTC) Set to End 2025 at $145,000

    Praveen JadhavJuly 14, 2025

    About Us

    OvenAdd Logo in White

    OvenAdd is an analytics firm that analyzes the behavior of digital assets and provides informative crypto news, price predictions and exchange reviews. 

    Facebook X (Twitter) Instagram Telegram RSS

    QUICK LINKS

    • News
    • Crypto Price Prediction
    • Analysis
    • Learn
    • How To Buy
    • Press Release

    Disclaimer: The information in this article should not be considered anything as financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

    Copyright © 2025 OvenAdd
    • About Us
    • Contact Us
    • Advertise on OvenAdd
    • Disclaimer
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.