BRN Metaverse narxBRN

BRN analyst Valentin Fournier said in a statement that he expects this upward momentum in Bitcoin to continue and that he believes that Bitcoin will not reach $100,000 before the end of the year, but rather surpass it. “These increases confirm our thesis of an accumulation phase before the year-end explosion. If this momentum continues, Bitcoin prices could reach $120,000 before 2025, driven by its solid performance since the US presidential election and increasing retail interest in its long-term potential.”

Spot bitcoin exchange-traded funds in the U.S. saw $400.67 million exit the products on Thursday, with Ark’s and Bitwise’s ETFs recording their largest single-day withdrawals. These outflows ended a six-day streak of positive flows for the ETFs. Fidelity’s FBTC led the outflows on Thursday with $179.2 million leaving the fund, marking its largest daily net outflow since May 1, according to SoSoValue data. Ark and 21Shares’ ARKB recorded $161.7 million in net outflows, while Bitwise’s BITB logged outflows of $113.9 million, both representing their largest daily withdrawals since inception. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, was one of the only two ETFs to experience positive flows on the day. It recorded $126.5 million in net inflows, while VanEck’s HODL logged inflows of $2.5 million. The five other funds saw zero flows. The total trading volume for these 12 ETFs shrank to $4.8 billion on Thursday, down from $8 billion on Wednesday and $5.7 billion on Tuesday. Ether ETFs saw modest outflows Meanwhile, U.S. spot Ethereum ETFs recorded $3.2 million in net outflows on Thursday, following $146.9 million in daily inflows the day before. Grayscale’s ETHE saw $21.9 million in outflows, and VanEck’s ETHV also logged outflows of $1.1 million. BlackRock’s ETHA drew in $18.9 million, while Invesco’s QETH posted $929,010 in inflows. The five other spot ether ETFs had no flows. The nine spot ether ETFs’ trading volume came down to $439.2 million on Thursday, compared to $722.5 million the day before. “Both Bitcoin and Ethereum ETFs experienced outflows yesterday. This retraction of institutional funds from assets that recently surged but are now losing momentum was anticipated,” said Valentin Fournier, an analyst of BRN, adding: “The inflation data’s bearish undertone reinforced this trend; however, trading volumes remain high, suggesting potential recovery next week.” Bitcoin dipped 2.3% over the past 24 hours to trade at $87,948 at the time of writing, according to The Block’s price page. Ether fell 4.5% to change hands at $3,056. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures$BTC

Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4% Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4% Spot bitcoin ETFs in the U.S. drew in $817.5 million in daily net inflows amid a broader crypto market rally on Tuesday, which has since paused.Bitcoin fell 3.4% in the past 24 hours to currently trade at $86,855, potentially indicating some profit-taking by investors, according to a BRN analyst. Spot bitcoin ETFs continue strong inflows of $817 million, BTC dips 3.4% image 0 Spot bitcoin exchange-traded funds in the U.S. recorded $817.5 million in daily net inflows on Tuesday, following $1.1 billion in inflows the day before. The daily trading volume for the 12 spot bitcoin ETFs was $5.7 billion on Tuesday, compared to $7.3 billion on Monday and $2.8 billion last Friday, according to SoSoValue data . BlackRock’s IBIT led Tuesday’s inflows, with $778.3 million flowing into the product, drawing in $1.93 billion so far this week. Fidelity’s FBTC also contributed inflows of $37.2 million. Grayscale’s Mini Bitcoin Trust and VanEck’s HODL logged over $10 million in inflows.

BRN Metaverse ($BRN ) is currently navigating through a volatile phase in the market. As of today, BRN is trading at approximately $0.13552, reflecting a 3.20% decrease in the last 24 hours. Over the past week, BRN has dropped by 10.65%, and its monthly performance shows a decline of 13.12%. This downward trend is part of a larger pattern of volatility that has impacted the cryptocurrency sector, driven by market speculation and external economic factors. **Short-Term Technical Analysis** The technical indicators for BRN today reflect a mixed sentiment. Oscillators, which measure price momentum, show a *neutral* stance, while moving averages are signaling a potential *sell* action. This suggests that while some traders may be holding on to BRN, the market sentiment leans toward a cautious approach. In terms of support and resistance, the current price has hovered near the lower end of its recent range. With a key support level around $0.13, if the price breaks below this, BRN could experience further declines. On the other hand, the resistance near $0.14-$0.15 may challenge BRN's ability to rally in the short term. **Market Sentiment and Trends** Over the last year, BRN has shown substantial growth, increasing by 204.74%. Despite this, it remains significantly lower than its all-time high of $6.48, reached in April 2022. The market sentiment around BRN is largely influenced by its roadmap and future events. Notably, BRN is preparing for a significant 90% token burn event, which is expected to reduce supply and potentially increase demand for the token. Looking ahead, while the technical analysis signals caution, the upcoming token burn and other developments in the BRN Metaverse ecosystem could attract speculative buyers who are hoping for a price rebound. However, given the overall bearish outlook, short-term traders might look for other opportunities, whereas long-term holders could wait to see how the token burn impacts market dynamics. **Price Predictions and Future Outlook** The price forecast for BRN remains optimistic in the long term. Analysts predict that by 2025, BRN could reach as high as $7.42, representing a potential growth of over 5000% from its current price. By 2030, BRN is even expected to reach $14.15, driven by the growing adoption of metaverse platforms and the cryptocurrency's continued development. In conclusion, while BRN is currently experiencing short-term bearish trends, the long-term outlook remains positive, especially with upcoming events like the token burn, which could serve as a catalyst for future price increases. Traders should remain cautious and pay attention to key support and resistance levels before making any investment decisions.

BRN Metaverse ($BRN ) is currently navigating through a volatile phase in the market. As of today, BRN is trading at approximately $0.13552, reflecting a 3.20% decrease in the last 24 hours. Over the past week, BRN has dropped by 10.65%, and its monthly performance shows a decline of 13.12%. This downward trend is part of a larger pattern of volatility that has impacted the cryptocurrency sector, driven by market speculation and external economic factors. **Short-Term Technical Analysis** The technical indicators for BRN today reflect a mixed sentiment. Oscillators, which measure price momentum, show a *neutral* stance, while moving averages are signaling a potential *sell* action. This suggests that while some traders may be holding on to BRN, the market sentiment leans toward a cautious approach. In terms of support and resistance, the current price has hovered near the lower end of its recent range. With a key support level around $0.13, if the price breaks below this, BRN could experience further declines. On the other hand, the resistance near $0.14-$0.15 may challenge BRN's ability to rally in the short term. **Market Sentiment and Trends** Over the last year, BRN has shown substantial growth, increasing by 204.74%. Despite this, it remains significantly lower than its all-time high of $6.48, reached in April 2022. The market sentiment around BRN is largely influenced by its roadmap and future events. Notably, BRN is preparing for a significant 90% token burn event, which is expected to reduce supply and potentially increase demand for the token. Looking ahead, while the technical analysis signals caution, the upcoming token burn and other developments in the BRN Metaverse ecosystem could attract speculative buyers who are hoping for a price rebound. However, given the overall bearish outlook, short-term traders might look for other opportunities, whereas long-term holders could wait to see how the token burn impacts market dynamics. **Price Predictions and Future Outlook** The price forecast for BRN remains optimistic in the long term. Analysts predict that by 2025, BRN could reach as high as $7.42, representing a potential growth of over 5000% from its current price. By 2030, BRN is even expected to reach $14.15, driven by the growing adoption of metaverse platforms and the cryptocurrency's continued development. In conclusion, while BRN is currently experiencing short-term bearish trends, the long-term outlook remains positive, especially with upcoming events like the token burn, which could serve as a catalyst for future price increases. Traders should remain cautious and pay attention to key support and resistance levels before making any investment decisions.