Bitcoin

2024 - 2 - 27

Bitcoin Hits All-Time Highs: A Journey Through the Crypto Rollercoaster

bitcoin price -- btc Bitcoin - Bitcoin ETFs - Crypto Market - Cryptocurrency - Institutional Investors - bitcoin price - btc

Discover how Bitcoin soared to $57,000 and the factors driving its price increase. Find out why institutional investors remain cautious and how the dollar's performance affects the crypto market.

Bitcoin, the king of cryptocurrencies, recently reached astonishing heights, topping $57,000 and driving the entire crypto market to new levels. This surge was fueled by big players entering the scene, with influential companies like MicroStrategy buying significant amounts of Bitcoin. The smaller competitor, Ether, also experienced a surge, crossing the $3,200 mark for the first time in years. The unprecedented demand for digital assets was further evidenced by the massive inflow of $6.1 billion into Bitcoin ETFs in the United States, indicating a growing interest in crypto beyond the traditional investor base.

Despite these bullish signs, Bitcoin has faced skepticism from institutional investors. Former Bridgewater executive Bob Elliott highlighted their cautious approach, even as Bitcoin rallied 15% following the approval of spot ETFs in the US. The dollar's performance also played a role in Bitcoin's ascent, with the currency weakening as the crypto market soared.

The momentum behind Bitcoin's rally was further supported by soaring funding rates, providing lucrative arbitrage opportunities for crypto hedge funds. Spencer Hallarn, global head of over-the-counter trading at GSR, attributed Bitcoin's recent surge to strong ETF inflows and a favorable market environment. As Bitcoin breaks free from its recent range and hits over a two-year high, the crypto community eagerly anticipates what lies ahead for the digital asset.

In a fascinating turn of events, Bitcoin's price surge coincided with a series of key data releases in the US economy, shaping market sentiment. The crypto market's resilience and Bitcoin's ability to break barriers continue to captivate investors worldwide, highlighting the enduring appeal of digital currencies in today's financial landscape.

Post cover
Image courtesy of "Reuters"

Bitcoin tops $57000 as big buyers circle (Reuters)

Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3200 for the first time since ...

Post cover
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.

Post cover
Image courtesy of "The Business Times"

Bitcoin tops US$57000 as big buyers circle (The Business Times)

BITCOIN hit a two-year high on Tuesday (Feb 27) on signs of large players buying the cryptocurrency, while smaller rival ether topped US$3200 for the first ...

Post cover
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 ...

Post cover
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 ...

Post cover
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.

Post cover
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.

Post cover
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.

FOREX-Dollar droops before key data, bitcoin soars above $57000 (Yahoo Finance)

The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the ...

Post cover
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.

Post cover
Image courtesy of "The Business Times"

Bitcoin breaks from recent range to set more than two-year high (The Business Times)

“Bitcoin continues its ascent, supported by strong ETF inflows,” said Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR.

Post cover
Image courtesy of "The Star Online"

Bitcoin tops $57000 as big buyers circle (The Star Online)

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

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 ...

Post cover
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 ...

Post cover
Image courtesy of "Yahoo Finance Australia"

Bitcoin scorches past $57000 as big buyers flock in (Yahoo Finance Australia)

The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the ...

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Tops $57000 Price Level for First Time Since Late 2021 (Yahoo Finance)

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

Post cover
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 ...

Post cover
Image courtesy of "The Malaysian Reserve"

Bitcoin tops US$55000 price level for first time since late... (The Malaysian Reserve)

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

Post cover
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.

Post cover
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.

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 ...

Post cover
Image courtesy of "Euronews"

Bitcoin soars to two-year high, on its way to breaking a record (Euronews)

Crypto investments are on the rise, driving up the price of the original currency.

Post cover
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 ...

Post cover
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 ...

Post cover
Image courtesy of "FXStreet"

Bitcoin Price Prediction: Short-term holders dominate BTC flows as ... (FXStreet)

In a February 27 newsletter, on-chain market intelligence firm Glassnode indicated that the risk appetite among Bitcoin investors has increased, citing “growing ...

Post cover
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 ...

Post cover
Image courtesy of "DL News"

Bitcoin NFTs now dominate trading volume on Magic Eden (DL News)

Ordinals is a protocol that allows users create non-fungible tokens and crypto tokens on the Bitcoin blockchain. February's Bitcoin mark is a record for monthly ...

Post cover
Image courtesy of "crypto.news"

Bitcoin NFTs cross $100m trading volume on Magic Eden in February (crypto.news)

Bitcoin NFTs on Magic Eden have seen their best month yet for fees and trading volume amid sustained interest in the leading cryptocurrency from industry ...

Post cover
Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow Closes Lower; Coinbase, Lowe's Stocks in ... (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 ...

Post cover
Image courtesy of "pymnts.com"

Bitcoin Hits 2-Year High as Large Investors Enter Market (pymnts.com)

Bitcoin hit a two-year high Tuesday (Feb. 27), surpassing $57000 as big buyers flock to the cryptocurrency market.

Post cover
Image courtesy of "The Edge Markets MY"

Bitcoin tops US$57000 price level for first time since late 2021 (The Edge Markets MY)

Bitcoin retook the US$57000 (RM271,434) level for the first time since late 2021, supported by investor demand through exchange-traded funds (ETFs), ...

Post cover
Image courtesy of "The Block - Crypto News"

Justin Sun says he owns $1.6 billion of bitcoin with bizarre ... (The Block - Crypto News)

The outspoken crypto mogul seems eager to convince the world that he does, in fact, use the HTX cryptocurrency exchange.

Post cover
Image courtesy of "Decrypt"

Bitcoin Ordinals Trading Is Surging With Halving Just Two Months ... (Decrypt)

The cross-chain marketplace has become traders' favorite as the controversial Ordinals inscriptions make a comeback.

Post cover
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.

Post cover
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.

Post cover
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.

Post cover
Image courtesy of "FXStreet"

MicroStrategy a 'timely play' on Bitcoin halving, $990 target price ... (FXStreet)

MicroStrategy shares are a “buy” with a price target of $990 as the Bitcoin (BTC $57293) buying software firm is primed for major windfalls from ...

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 ...

Post cover
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 ...

Post cover
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 ...

Post cover
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.

Post cover
Image courtesy of "Blockworks"

Stop worrying so much about the next Bitcoin halving (Blockworks)

Opinion: Get over it. Of course Bitcoin will survive. The real question: Which miners will thrive?

Post cover
Image courtesy of "DL News"

Bitcoin's halving is only weeks away — here's what it means (DL News)

The fourth Bitcoin halving is expected to occur on April 20, and it will have big consequences for the top cryptocurrency.

Post cover
Image courtesy of "Bitcoin News"

JPMorgan Says Bitcoin Halving and Ethereum Upgrade 'Are Largely ... (Bitcoin News)

Global investment bank JPMorgan Chase has highlighted three main catalysts driving crypto prices over the coming months.

Post cover
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.

Explore the last week