- BlackRock’s iShares Bitcoin Trust (IBIT) has become the first spot ETF to amass a $10 billion AUM.
- Pepe has emerged as the leader of the meme coin rally, forming a new all-time high.
- The latest price pump has helped NuggetRush extend its gains to 90%.
Bitcoin has hit one milestone after another since the approval of spot ETFs in January. The latest involves BlackRock, as its iShares Bitcoin Trust (IBIT) has become the first spot ETH to amass $10 billion in assets under management, a milestone that took the first Gold ETF two years.
Despite this impressive milestone, Pepe has stolen the limelight, with its 400% price surge to hit a new all-time high. Another altcoin that has seen significant gains is NuggetRush, soaring by 90% to hit a new ATH.
NuggetRush (NUGX) Taps New All-Time High As Listing Approaches
In the bullish cryptocurrency market, NuggetRush (NUGX) has been one of the standout performers. The price of NUGX has jumped by 90% to set a new ATH at $0.019. Many crypto analysts have tipped NuggetRush to extend its gains in the coming weeks as its highly anticipated listing approaches.
NuggetRush has captivated the imagination of investors and gamers with its one-of-a-kind mining virtual world. The game is modeled after the gold rush, giving players the opportunity to establish mining operations, create a team of miners, and search for gold and other precious minerals.
Where NuggetRush really shines is in its gold rewards. Players who find gold can convert them to cash and real cash on the in-game marketplace. In addition, NuggetRush rewards users with some of the coolest NFTs. Holders can stake their NFTs and earn a high percentage APY, further increasing the profitability of the game.
With one of the most outstanding concepts in the blockchain gaming space, NuggetRush has received immense support from investors, raising over $2.6 million. With the listing of the NUGX token happening soon, crypto analysts have forecasted gains of 25x, making it one of the best cryptos to buy now.
BlackRock’s iShares Bitcoin Trust (IBIT) Hit $10 Billion in AUM
The approval of spot ETFs has proven to be the game-changer for not only Bitcoin, but also the broader crypto market. BlackRock’s iShares Bitcoin Trust (IBIT) has become the latest to set a new milestone, crossing $10 billion in assets under management (AUM).
IBIT hit this milestone in just seven weeks. In comparison, the first spot gold ETF, an asset often compared to Bitcoin, took more than two years to hit $10 billion in AUM. The new record has reignited the bullish sentiment for BTC.
On the weekly chart, the Bitcoin price has increased by 27% to cross $65,500 for the first time since November 2021. With the halving happening in less than 50 days, more gains are expected, making BTC one of the top crypto coins to buy now.
Pepe (PEPE) Surges To New All-Time High
Pepe (PEPE) has been one of the top beneficiaries of the bullish market ignited by Bitcoin. Outperforming Solana meme coins to lead the crypto gainers, the price of Pepe has increased by more than 400% on the weekly chart.
The meme coin has surged past $0.000007400 for a new ATH. However, with momentum still building in the meme coin market, there are predictions that Pepe could extend its gains in the coming weeks.
Closing Thoughts
The recent developments have confirmed that the crypto market is finally in a bull cycle, with Bitcoin hovering around its ATH. Meanwhile, Pepe and NuggetRush have both set new ATHs and look set to extend their gains, making them the best coins to invest in.
