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.
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 ...
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% ...
Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.
Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.
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.
(Bloomberg) -- Bitcoin retook the $55000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
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 ...
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.
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 ...
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.
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 ...
LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped ...
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
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 ...
Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.
BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.
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 ...
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 ...
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 ...
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
Crypto market rallies as bitcoin early Tuesday surged to its highest level since November 2021. Bitcoin ETFs jump, Coinbase breaks out.
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 ...
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 ...
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 ...
World's biggest cryptocurrency sees daily gain of 10.7% - Anadolu Ajansı.
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 ...
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: ...
Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...
The SEC's approval of bitcoin exchange traded products, as opposed to funds, highlights the difficulties of regulating the area.
Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.
(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 ...
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 ...
Fuelled by growing inflows into spot Bitcoin exchange-traded funds, investments by large companies and an impending Bitcoin halving in April, gains since the ...
Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.
Bitcoin (BTC) price is on a tear, recording high highs with exchange trading volumes soaring.
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 ...
MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.
By Emily Bary. MicroStrategy offers investors advantages over spot bitcoin ETFs, Benchmark analyst says. MicroStrategy Inc.'s stock could prove a "timely ...
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.
The rally, exceeding 10 per cent over two sessions, gained momentum following the revelation from crypto investor and software firm MicroStrategy that it ...
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 ...
The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve.
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 ...
Major cryptocurrencies jumped amid speculation for another extended rally ahead of the first Ether ETFs.