Bitcoin

2024 - 2 - 27

Bitcoin Hits $57,000: Rallying to the Moon with Institutional Interest

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Bitcoin breaks $57,000 as institutional investors drive the rally. Find out the latest updates on Bitcoin's skyrocketing value! 🚀

Bitcoin has stormed into the spotlight, smashing through the $57,000 mark amidst heavy institutional buying. The cryptocurrency's meteoric rise to a two-year high in Asia trade on Tuesday has left market observers astounded. As Bitcoin resumes its rally, surpassing $54,000 for the first time after a stagnant week, the excitement in the crypto world is palpable. Ether, its smaller rival, has also seen a surge in value, reflecting the crypto market's overall bullish sentiment.

Fuelled by unprecedented tailwinds, Bitcoin prices reached a fresh 27-month high today, showcasing the immense potential of the digital asset. Investors have demonstrated their confidence by pouring around $8.6 billion into recently introduced Bitcoin exchange-traded funds, marking a significant vote of approval for the cryptocurrency. Despite the steady climb in value, institutional investors remain cautious. Bob Elliott, a former Bridgewater executive, noted that even with spot ETF approvals in the US, institutional adoption is still a work in progress.

Bitcoin's recent milestone of topping the $55,000 price level for the first time since late 2021 has cemented its position as a formidable player in the financial markets. The rally shows no signs of slowing down as Bitcoin continues its upward trajectory. With spot ETFs recording record volumes and Bitcoin surging by 6% during US trading hours, the crypto community is buzzing with excitement. The cryptocurrency hit a peak of almost $69,000 in December 2021, underscoring its volatile yet rewarding nature.

As Bitcoin hits the $57,000 mark, reminiscent of its previous all-time high, the crypto world eagerly awaits further developments. The strong ETF inflows and institutional interest signal a promising future for Bitcoin. This surge reaffirms its status as a leading digital currency, fueling speculation on its potential future growth and impact on the broader financial landscape.

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Image courtesy of "Reuters"

Bitcoin breaks $57000 as big buyers circle (Reuters)

Cryptocurrency bitcoin hit a two-year high above $57000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped ...

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Image courtesy of "CNBC"

Bitcoin resumes its rally, ripping through $54000 for the first time ... (CNBC)

The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% ...

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Image courtesy of "Forbes"

Bitcoin Prices Reach Fresh 27-Month High As They Benefit From ... (Forbes)

Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.

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Image courtesy of "The Australian Financial Review"

Bitcoin tops $US57,000 for the first time since 2021 on ETF flows (The Australian Financial Review)

Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.

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Image courtesy of "Financial News"

Former Bridgewater exec Bob Elliott: Institutional investors still ... (Financial News)

Bitcoin has jumped 15% since spot ETF approvals in the US, but institutional investors haven't been won over yet, says Ray Dalio's former right-hand man.

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Image courtesy of "Yahoo Finance"

Bitcoin Tops $55000 Price Level for First Time Since Late 2021 (Yahoo Finance)

(Bloomberg) -- Bitcoin retook the $55000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...

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Image courtesy of "Coindesk"

Bitcoin Tops $57K as Rally Picks Up Steam (Coindesk)

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

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Image courtesy of "Bloomberg"

Bitcoin (BTC USD) Price Tops $55000 for First Time Since 2021 (Bloomberg)

Bitcoin retook the $57000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...

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Image courtesy of "Livemint"

Bitcoin hits $57000 mark, the highest in two years on strong ETF ... (Livemint)

The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69000 the preceding month.

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Image courtesy of "The Straits Times"

Bitcoin tops US$55000 for first time since late 2021 (The Straits Times)

A net US$5.6 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the United States on Jan 11, signalling a widening of demand for the ...

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Image courtesy of "Coindesk"

Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for ... (Coindesk)

One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.

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Image courtesy of "CNBC"

Bitcoin surpasses $56000 benchmark, uplifts crypto market in latest ... (CNBC)

Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.

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Image courtesy of "BNN"

Bitcoin Tops $55000 Price Level for First Time Since Late 2021 ... (BNN)

A net $6.1 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the US on Jan. 11, signaling widening demand for the token beyond ...

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Image courtesy of "Yahoo Finance"

Bitcoin tops $57000 as big buyers circle (Yahoo Finance)

LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped ...

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Image courtesy of "Yahoo Finance Australia"

Bitcoin Tops $57K as Rally Picks Up Steam (Yahoo Finance Australia)

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

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Image courtesy of "Forbes Innovation"

Bitcoin Surges To $57000 High As Crypto Rally Builds Momentum (Forbes Innovation)

Bitcoin topped $57,000 for the first time in more than two years on Tuesday, propelled by purchases from large investors and booming demand through ...

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Image courtesy of "Blockworks"

Bitcoin approaches $55k as IBIT tops $1B in trades (Blockworks)

Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.

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Image courtesy of "The Wall Street Journal"

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next? (The Wall Street Journal)

BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.

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Image courtesy of "Axios"

The winners and losers in the bitcoin ETF world, one month in (Axios)

Cumulative bitcoin ETF flows since launch · So far, however, the new ETFs in aggregate are responsible for only about $4.8 billion in net bitcoin purchases — a ...

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Image courtesy of "Financial News"

The Fintech Files: Bitcoin ETFs gave us winners, but also some losers (Financial News)

Total trading volumes in spot bitcoin ETFs crossed $54bn on 26 February. But there have also been some losers. These including crypto investment firm Grayscale ...

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow Futures Edge Up; Zoom Shares Jump ... (The Wall Street Journal)

Bitcoin is booming again, and the new crop of ETFs are in the driving seat. Investors have poured money into the bitcoin exchange-traded funds that launched ...

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Image courtesy of "Yahoo Finance Australia"

Bitcoin Shorts Lose $150M as BTC Poised for 'Tremendous Upside' (Yahoo Finance Australia)

A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.

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Image courtesy of "Investor's Business Daily"

Bitcoin Crosses $57000 For First Time Since 2021 As Bitcoin ETFs ... (Investor's Business Daily)

Crypto market rallies as bitcoin early Tuesday surged to its highest level since November 2021. Bitcoin ETFs jump, Coinbase breaks out.

Bitcoin breaks $57000 as big buyers circle (Yahoo Finance)

Cryptocurrency bitcoin hit a two-year high above $57000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped ...

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, S&P 500 Slip After Open; Bitcoin Price ... (The Wall Street Journal)

Bitcoin is booming again, and the new crop of ETFs are in the driving seat. Investors have poured money into the bitcoin exchange-traded funds that launched ...

5 ways bitcoin ETFs are already changing how crypto is traded (Morningstar.com)

By Frances Yue. SEC approved spot bitcoin ETFs in January. Spot bitcoin exchange-traded funds are still practically brand new, but they've already changed ...

Bitcoin surpasses $57000 as crypto rally remains strong (Anadolu Agency)

World's biggest cryptocurrency sees daily gain of 10.7% - Anadolu Ajansı.

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Image courtesy of "Blockworks"

Bitcoin tops $57k, US stocks mixed ahead of busy economic data day (Blockworks)

Ether (ETH) also extended its rally, hovering just below $3,300 — the highest it's been in almost two years. Continued demand for bitcoin ETFs — the iShares ...

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Image courtesy of "ETF Trends"

Bitcoin Rally Could Be Start of Something More Substantial (ETF Trends)

That was on display on Monday when the Amplify ETF surged more than 7% as bitcoin rallied. True, one day does not make a trend, but consider the following: ...

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Image courtesy of "Forbes"

Redefining Tax Policy For Bitcoin Mining: A Closer Look At Block ... (Forbes)

Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...

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Image courtesy of "The Banker"

Confusion over US bitcoin ruling opens up 'predator' risk (The Banker)

The SEC's approval of bitcoin exchange traded products, as opposed to funds, highlights the difficulties of regulating the area.

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Image courtesy of "Forbes"

'The Bitcoin Bulls Are Back' As Cryptocurrency Rallies 12% To Fresh ... (Forbes)

Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.

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Image courtesy of "BNN"

He Laundered $4.5 Billion in Bitcoin. Now He's a US Government ... (BNN)

(Bloomberg) -- A hacker who looted billions of dollars from crypto exchange Bitfinex revealed details of how he was able to pull off one of largest Bitcoin ...

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Image courtesy of "InvestmentNews"

Bitcoin at $57K for the first time in more than 2 years (InvestmentNews)

ETF demand continues to fuel growth for the cryptocurrency. ... Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand ...

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Image courtesy of "Proactive Investors UK"

Bitcoin skyrockets to two-year high (Proactive Investors UK)

Fuelled by growing inflows into spot Bitcoin exchange-traded funds, investments by large companies and an impending Bitcoin halving in April, gains since the ...

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Image courtesy of "crypto.news"

Binance Labs invests in PoS Bitcoin staking protocol Babylon Chain (crypto.news)

Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.

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Image courtesy of "FXStreet"

Bitcoin price could nick $60K as exchange inflow volumes near all ... (FXStreet)

Bitcoin (BTC) price is on a tear, recording high highs with exchange trading volumes soaring.

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Image courtesy of "Coindesk"

Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a ... (Coindesk)

Ilya Lichtenstein, who pleaded guilty in the Bitfinex case last year, is now a U.S. witness who testified about his use of Bitcoin Fog and other mixers to ...

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Image courtesy of "CNBC"

Bitcoin firm MicroStrategy pops 27% in two days as company's ... (CNBC)

MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.

MicroStrategy's stock deemed a 'buy,' with bitcoin's halving a ... (Morningstar.com)

By Emily Bary. MicroStrategy offers investors advantages over spot bitcoin ETFs, Benchmark analyst says. MicroStrategy Inc.'s stock could prove a "timely ...

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Image courtesy of "CNBC"

Ark Invest says this 'optimal' bitcoin strategy will yield better returns (CNBC)

Brett Winton of the investment firm shares how much of investors' portfolios should be allocated to bitcoin — and how long they should hold the asset for.

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Image courtesy of "WION"

Bitcoin hits two-year high surpassing $57000 with strong institutional ... (WION)

The rally, exceeding 10 per cent over two sessions, gained momentum following the revelation from crypto investor and software firm MicroStrategy that it ...

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Image courtesy of "Yahoo Finance"

Bitcoin hits $57K, highest since 2021 (Yahoo Finance)

Bitcoin is on a roll as prior investors return to the crypto, while a new crop piles into the asset via spot ETFs recently approved by the Securities and ...

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Image courtesy of "Coindesk"

Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears (Coindesk)

The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve.

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Image courtesy of "CNBC"

Bitcoin's all-time high is in sight after the crypto breached $57000 ... (CNBC)

Bitcoin's all-time high is in sight after the crypto breached $57,000, chart analysts say. Here's what to expect. Published Tue, Feb 27 20243:35 PM EST ...

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Image courtesy of "Yahoo Finance Australia"

Why Bitcoin, Ethereum, and Dogecoin Rallied on Tuesday (Yahoo Finance Australia)

Major cryptocurrencies jumped amid speculation for another extended rally ahead of the first Ether ETFs.

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