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Bitcoin ETFs Hit Record Volumes. As BTC Price Surges, NuggetRush and Stacks Shine Bright

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Bitcoin ETF
Bitcoin ETF

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TLDR: 

  • Spot Bitcoin ETFs have seen inflows totaling $3.89 billion while volumes have surged to a new high.
  • The Bitcoin layer 2 network, Stacks (STX) has been one of the best-performing altcoins, increasing by 60% on the weekly chart.
  • As it gets ready for launch, NuggetRush (NUGX) hopes to build on its 80% gains with a 10x price increase. 

There is once again heightened bullish sentiment across the cryptocurrency market. This can be seen by the increased liquidity and inflows of about $3.89 billion into Bitcoin ETFs since the start of 2024. As a result, BTC has crossed the $52,000 mark for the first time since November 2021.

Top altcoins Stacks (STX) and NuggetRush (NUGX) are benefiting the most from the better market sentiment. With a 60% price increase, STX is closing in on its all-time high (ATH), while NUGX prepares for a 10x price surge. Read on to find out more.

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Bitcoin ETFs Hit Record Volumes As $BTC Trades Above $52k

According to preliminary data from Farside, ten of the recently approved spot Bitcoin ETFs have seen aggregate inflows of $3.89 billion in 2024. Farside also noted that volumes on spot Bitcoin ETFs have surged to a record high, outperforming Gold-based ETFs.

The rising liquidity and volumes highlight the improved sentiment in the Bitcoin market. In the past week, the Bitcoin price has increased by an outstanding 17%, causing the number one cryptocurrency to trade above $52,000 for the first time since November 2021.

It was also in that month that BTC set its ATH at $69,000. Given the improving bullish momentum, many crypto experts believe that the Bitcoin price could surge above its ATH in the coming weeks, making it one of the best coins to invest in right now.

NuggetRush (NUGX) Could Follow Up 80% Increase With 10x Price Surge

The bullish momentum has spread across the crypto market, with NuggetRush (NUGX) emerging as one of the best altcoins. In the past weeks, the price of NUGX has increased by an outstanding 80%, setting a new high at $0.018. 

These gains could even get bigger with NuggetRush getting ready to launch its one-of-a-kind GameFi ecosystem. Market experts  have predicted that as NuggetRush gains more traction, NUGX, the ERC20 coin of the platform, may increase in value by up to 10x in the upcoming weeks. 

The hyperrealistic virtual environment of NuggetRush game sets it apart from the competitors by recreating the gold rush. In the game, players will embark on thrilling quests to find gold and other valuable minerals.

As they find deposits of gold, they can expand their mining operations, further increasing their chances of getting more gold. Where NuggetRush really shines is in its rewards, as players can convert their in-game rewards into real gold, cash, and NUGX. 

NuggetRush captivated the crypto community, forcing a massive demand for NUGX. Over 184 million NUGX tokens have been snapped up in the past few weeks, as investors anticipate that it would be one of the best cryptos to invest in this year.

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Stacks (STX) Closes in on ATH With 60% Price Pump

As a cryptocurrency closely linked to Bitcoin, Stacks (STX) has been on a tear as BTC increases. On the weekly chart, the price of STX has increased by more than 60%, to trade as high as $2.70 per coin. However, with BTC driving its rally, STX is showing no signs of slowing down.

If the bullish momentum continues, Stacks would look to pump to its ATH at $2.92 in the coming weeks. The total value locked in Stacks has also been on the rise, increasing by more than 350% in the last three months, according to DeFiLlama.

Closing Thoughts

The recent Bitcoin rally has created the perfect environment for the cryptocurrency market to rally. Amidst this improved sentiment, Stacks and NuggetRush have emerged as the top crypto coins for investors looking to make the most of the ongoing rally.

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