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.
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 ...
Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.
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 ...
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 ...
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 ...
Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.
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.
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.
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 ...
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
“Bitcoin continues its ascent, supported by strong ETF inflows,” said Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR.
LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped ...
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 topped $57,000 for the first time in more than two years on Tuesday, propelled by purchases from large investors and booming demand through ...
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 ...
(Bloomberg) -- Bitcoin retook the $57000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...
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 retook the $55000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...
BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
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 ...
Crypto investments are on the rise, driving up the price of the original currency.
Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...
(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 ...
In a February 27 newsletter, on-chain market intelligence firm Glassnode indicated that the risk appetite among Bitcoin investors has increased, citing “growing ...
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 ...
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 ...
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 ...
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 ...
Bitcoin hit a two-year high Tuesday (Feb. 27), surpassing $57000 as big buyers flock to the cryptocurrency market.
Bitcoin retook the US$57000 (RM271,434) level for the first time since late 2021, supported by investor demand through exchange-traded funds (ETFs), ...
The outspoken crypto mogul seems eager to convince the world that he does, in fact, use the HTX cryptocurrency exchange.
The cross-chain marketplace has become traders' favorite as the controversial Ordinals inscriptions make a comeback.
Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.
MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.
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.
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 ...
By Emily Bary. MicroStrategy offers investors advantages over spot bitcoin ETFs, Benchmark analyst says. MicroStrategy Inc.'s stock could prove a "timely ...
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.
Opinion: Get over it. Of course Bitcoin will survive. The real question: Which miners will thrive?
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