Crypto Prices Rebound as Fidelity, Ark Invest Buy BTC ETFs: Is the Crash Over?

Bitcoin ETFs are showing early signs of renewed momentum, as Fidelity, Ark Invest, Bitwise, and VanEck posted inflows on Wednesday for the first time since October 28. This much-needed return to form helped to fuel a broader market rebound – and traders are hoping it continues today.

Bitcoin has gained 1.5% over the last 24 hours and is trading at $103,000 at press time, while Ethereum has gained 3.4% and is trading just below $3,400 after falling as low as $3,098 in the opening hours of Wednesday.

Does this mean the almost month-long crypto crash has ended? The simple answer is that no one knows for sure – not even industry experts. It’s been a wild month in the market, and the range of possibilities still remains extremely wide.

However, some altcoins continued to perform well amid volatility, delivering substantial gains for investors. Let’s look at three of the best coins to buy now that might be positioned for disproportionate gains if the broader market does rally from here.

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Bitcoin ETF Buyers Return – But There’s One Hurdle Left

Institutional players are getting their feet wet in BTC again. While BlackRock’s IBIT saw a large outflow of $375.5 million on Wednesday, other Wall Street players started accumulating. Fidelity’s FBTC led the charge with $113.3 million in inflows, while Ark Invest followed with $82.9 million, according to Farside Investors’ data.

ETFs are still heavily underwater since late October, however. The biggest day of outflows was Tuesday, when a net $564.4 million in bitcoins were sold. As such, the coming days will be crucial for understanding whether Wednesday’s movements were merely light relief before a continued exodus or the start of a bullish trend.

In addition to ETFs, corporate treasuries continue to make waves, with Tokyo-listed MetaPlanet announcing on Wednesday that it has raised $100 million through a Bitcoin-collateralized loan. It plans to use the funds to expand its revenue-generating business, repurchase shares, and acquire additional Bitcoin.

All of this shows that institutional appetite for BTC is building, and that’s also the idea put forth by Bitwise CIO Matt Hougan, who said crypto is shifting into an “institutionally-driven” era, and adding that institutions remain “bullish.”

So, with the institutional appetite seemingly returning, is the crypto crash finally over? It could be, but there’s one final huddle to overcome first: the US government shutdown. Markets hate uncertainty, and a lack of data, as well as a lack of fiscal stimulus, means that the world’s largest economy is running on guesswork until Congress resolves the 36-day-long standoff.

Without clear economic signals, risk assets like crypto may struggle to find direction. That’s not to say prices won’t rise from here, but it’s unlikely that the market will shift into a truly risk-on stance until the shutdown lifts.

But even amidst these unclear market conditions, there have still been opportunities for massive gains. Let’s explore three projects that stand out right now for their big potential.

Best Coins to Buy Now

We’ve identified three cryptos that have continued to gain traction amid the recent market downturn, indicating relative strength and therefore potential for asymmetric gains should the broader market resume its higher-time-frame bull trend.

Maxi Doge

The meme coin market was hammered in recent weeks, but Maxi Doge has proven an outlier, with its token presale continuing to attract inflows. Around $100,000 was raised on Wednesday alone, bringing its total raise to $3.9 million.

The project is a Dogecoin-themed meme coin with real utility and a focus on futures trading. Maybe that’s why MAXI is doing so well – because all eyes have been on the futures market lately.

Its team plans to integrate MAXI into futures trading platforms and will also run weekly competitions, where the biggest ROI hunters receive MAXI and USDT rewards. There’s also a staking mechanism for those who prefer passive holding, and that currently offers a 78% APY in the presale.

Maxi Doge’s combination of strong momentum, meme coin allure, and reward-focused utility is why it could be one of the best coins to buy now.

ZKsync

ZKsync is an Ethereum Layer 2 (L2) blockchain and arguably one of the most innovative scaling solutions on the market. It’s built using ZK-rollups, which differentiates it from L2s like Arbitrum and Optimism, which use ‘optimistic rollups.’

Optimistic rollups make trust assumptions when relaying the L2’s state back to the base layer, but this requires a ‘challenge period’ (typically 7 days) during which someone can submit a fraud proof if a transaction is incorrect. Ultimately, this leads to longer transaction finality.

In comparison, ZK-rollups cryptographically verify every transaction before reporting back to the base layer, providing instant finality and stronger security.

The ZKsync price has exploded by 132% over the past week, fueled by a new tokenomic proposal to shift ZK from a governance to a native utility token, alongside praise from Ethereum co-founder Vitalik Buterin, who called the project’s technology “underrated and valuable.”

Bitcoin Hyper

Bitcoin Hyper is another L2 project performing exceptionally well right now, and, like ZKsync, it’s built on ZK-rollups. The difference, however, is that it supports Bitcoin, not Ethereum.

Imagine the technology that’s revolutionizing Ethereum’s speed and functionality doing the same for Bitcoin, an asset with a market cap almost five times larger.

And while ZKsync is worth $600 million today, Bitcoin Hyper is in a presale and has raised $26 million, allowing investors to get in earlier. That kind of opportunity does not come around every day.

The Bitcoin Hyper L2 runs on the Solana Virtual Machine (SVM), delivering not only Solana-grade speeds and smart contract compatibility, but also interoperability with the Solana network.

Its integration of ZK-rollups and SVM positions Bitcoin Hyper among the most advanced Bitcoin scaling solutions on the market. And with its presale raise soaring, it’s clear that crypto whales comprehend its value.