Bitcoin is on fire with soaring prices and new ETF developments! Read more about the latest cryptocurrency craze here.
Bitcoin is once again making headlines as its price surpasses $60,000 for the first time since 2021. The surge in value has been attributed to increased demand, with trading platform Coinbase experiencing 10 times the normal traffic, causing disruptions for some users. Additionally, the approval and launch of spot bitcoin exchange-traded funds in the U.S. have opened up new investment opportunities, leading to a sharp increase in interest and excitement in the crypto market.
The cryptocurrency is set for its sharpest monthly jump since 2020, heading towards a record high and attracting fresh capital into the space. Hong Kong's largest bitcoin futures exchange-traded fund has seen a significant uptick in assets, growing five-fold to over $100 million in just five months. Despite a brief dip below $60,000 after a rapid rally towards $64,000, bitcoin remains resilient, driven by the simple economic principle of supply and demand.
As stocks reach record highs globally, bitcoin's exceptional performance stands out, with the digital asset poised for its biggest monthly gain in more than three years. The ongoing surge in demand from new exchange-traded funds is outpacing the available supply of bitcoin, pushing the cryptocurrency towards uncharted territory. Market sentiments are optimistic as investors eye the upcoming halving and increased trading volumes in spot bitcoin ETFs.
In a world where cryptocurrencies like bitcoin are overshadowing traditional investments, the market remains volatile yet enticing for both new and seasoned investors. The rise of smaller cryptocurrencies is catching attention, with some likening the rally to 'free money.' As the global crypto market cap continues to climb, reaching $2.33 trillion, and trading volumes surge to $198.71 billion, the allure of digital assets shows no signs of slowing down.
Crypto trading platform Coinbase blamed traffic that was 10 times normal for disruptions to some users, including displays of a zero balance in their accounts.
SINGAPORE: Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed ...
The approval and launch of spot bitcoin exchange-traded funds in the U.S. this year has opened the asset class to new investors and reignited the excitement ...
Bitcoin continued its surge on Wednesday, shooting above $63,000 for the first time since November 2021. The price of the flagship cryptocurrency was last ...
Hong Kong's largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, ...
Bitcoin prices declined to less than $60000 this afternoon after approaching $64000. Analysts cited profit taking as being the primary cause of this ...
The surge in demand for the cryptocurrency that is resulting from new exchange-traded funds (ETFs) is vastly outstripping the amount of Bitcoin that long-time ...
At the heart of the rally that is pushing Bitcoin toward a record high is a simple tenet of economics: Supply and demand.
World stocks were near record highs on Thursday amid a monthly round of European and U.S. inflation data, while cryptomarkets were roaring bitcoin on to its ...
Crypto prices rose on Thursday as bitcoin and ether headed for a winning month. Bitcoin was last higher by more than 4% at $62,901.93 on the final day of ...
BITCOIN was on track for its biggest monthly gain in more than three years on Thursday (Feb 29) and within sight of a record high, propelled by cash rushing ...
The price of these smaller cryptocurrencies have left the bitcoin price in the dust—with some declaring them "free money"...
Optimism around spot bitcoin ETFs and the upcoming halving is driving market sentiment, according to a Grayscale report. Major crypto-related stocks, such as ...
World stocks were near record highs on Thursday amid a monthly round of European and U.S. inflation data, while cryptomarkets were roaring bitcoin on to its ...
The global crypto market cap jumped more than 8 per cent to $2.33 trillion. The total crypto market volume over the last 24 hours stood at $198.71 billion, ...
SEC investigates OpenAI; Congress has way to avoid shutdown; gas prices rising; Mitch McConnell to step down; who will lend to Trump; Disney World ticket ...
In January, financial regulators in Korea chose to maintain digital assets separate from the traditional securities market. This decision came at a time when ...
The recent surge in Bitcoin has significantly impacted the performance of companies associated with crypto mining and trading, most seeing double-digit ...
The assets under management of Hong Kong's largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since ...
Bitcoin spiked to $63,968 on Wednesday, before paring much of those gains in a crash back to below $59,000 — a move that buffeted crypto providers like Coinbase ...
A bitcoin ETF (exchange-traded fund) allows investors to buy into an asset that tracks the price movement of bitcoin, while avoiding the inconvenience and risk ...
Surveys provide a snapshot of the 12 percent of Americans who own cryptocurrencies.
This happens approximately every four years, and it discourages coin production by reducing the reward for mining new bitcoin by half. The last halving event ...
The share of publicly traded miners is poised to increase post-halving, JPMorgan analysts said in a new note.
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency's price, the report said.
Bitcoin is poised to close February with a 44% gain, its largest monthly advance since December 2020. Bitcoin demand via U.S.-listed spot bitcoin ETFs is ...
The iShares Bitcoin Trust (IBIT) has already seen a record number of shares traded on Wednesday.
The cryptocurrency jumped more than 40% in February ... Physical representations of the bitcoin cryptocurrency are seen in an illustration. ... Bitcoin is not just ...
CoinDesk reported on Wednesday that another Wall Street giant, Morgan Stanley, might soon offer its clients exposure to the new products as well.
ONE of the most anticipated catalysts for further gains in Bitcoin may end up sending the price of the largest cryptocurrency lower, according to JPMorgan ...
Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, ...
There is a fundamental law of economics at play in the new market mania surrounding bitcoin (BTC-USD): supply and demand. More bitcoins are being bought on ...
(Reuters) -Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, ...
JPMorgan analysts predict that reduced miner rewards and doubling production costs will depress Bitcoin prices.
Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1000 milestones one after another in quick succession.
SEOUL – The price of bitcoin traded in Korea climbed to its highest ever Thursday, fueled by a global rally initiated from spot exchange-traded funds and an ...
Bitcoin demand via U.S.-listed spot bitcoin ETFs is met with constrained supply, dominated by long-term holders unwilling to sell, Galaxy's Alex Thorn said.
(Bloomberg) -- At the heart of the rally that is pushing Bitcoin toward a record high is a simple tenet of economics: supply and demand.