CryptosRUs recently shared some major insights regarding the cryptocurrency market, and the CoinSpeech team has collected the most important takeaways from his recent appearance. You can find the CryptosRUs’s new video below.
Bitcoin Holds Steady Amid Positive ETF Inflows
Despite being tired from his travels to Las Vegas and Los Angeles, CryptosRUs kicks off the video discussing Bitcoin’s performance. He notes that Bitcoin has been “hovering in the 60s” but is now “about 61 something.” While the market moved sideways overall, there were three significant pieces of positive news.
- ETF Inflows Turn Positive: For the first time in seven days, ETF inflows turned positive, indicating renewed interest from Wall Street. “The inflow shows you that Wall Street again is buying up Bitcoin,” CryptosRUs says, which bodes well for the coming week.
- Minor Capitulation Hits an All-Time High: Miners have been selling off, and the hashrate has been declining. CryptosRUs mentions, “Whenever we see periods like this… the market turn around again,” indicating that we might be on the verge of a recovery.
- Solana ETF Applications: Two fund makers, VanEck and 21Shares, have filed their applications for a Solana ETF. CryptosRUs states, “I do think there’s nothing stopping a Solana ETF from being approved at this point.”
The Impact of the Mount Gox Distribution
CryptosRUs also addresses the potential impact of the upcoming Mount Gox Bitcoin distribution, which has caused some concern in the market. He suggests, “I think the vast majority of them will be holding and not selling,” implying minimal market disruption.
Insights and Experiences from Las Vegas
On a more personal note, CryptosRUs shares his experiences from recent travels, including an appearance on a show in Las Vegas. “The production value is way higher than the first show I was on,” he says, noting that it was a good networking opportunity. He also attended a UFC fight, courtesy of the Vechain team, and mingled with community figures like Mario and the Sin City Crypto guys.
Looking Forward: AI Chains and Other Opportunities
As CryptosRUs wraps up, he points out other ongoing developments in the crypto sector, especially in AI-related chains. “Several other AI chains are joining in on the rally,” he notes, highlighting the ongoing momentum in this niche segment.
Upcoming Events and Travels
CryptosRUs shares his upcoming travel plans, including conferences and fights scheduled for the next few months. Despite the busy schedule and the toll of constant travel, he remains committed to delivering content and insights to his viewers.