Bitcoin

2024 - 2 - 29

Bitcoin Mania: Price Reaches $60,000 with Record Highs and ETF Boost

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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.

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Image courtesy of "Financial Times"

Bitcoin price tops $60000 for first time since 2021 (Financial Times)

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.

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Image courtesy of "The Star Online"

Soaring bitcoin set for sharpest monthly jump since 2020 (The Star Online)

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 ...

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Image courtesy of "Reuters UK"

Bitcoin set for biggest monthly jump since 2020 amid ETF boost (Reuters UK)

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 ...

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Image courtesy of "CNBC"

Bitcoin surges, briefly touching $64000 for the first time since ... (CNBC)

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 ...

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Image courtesy of "Reuters"

Hong Kong's largest bitcoin ETF assets up five-fold since October (Reuters)

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, ...

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Image courtesy of "Forbes"

Bitcoin Falls Back Below $60000 After Epic Rally (Forbes)

Bitcoin prices declined to less than $60000 this afternoon after approaching $64000. Analysts cited profit taking as being the primary cause of this ...

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Image courtesy of "The Straits Times"

Bitcoin surpasses US$60000 as ETF demand puts record high in sight (The Straits Times)

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 ...

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Image courtesy of "The Malaysian Reserve"

Bitcoin surpasses US$60000 as demand from ETFs triggers bull... (The Malaysian Reserve)

At the heart of the rally that is pushing Bitcoin toward a record high is a simple tenet of economics: Supply and demand.

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Image courtesy of "Reuters.com"

Stocks near record highs, bitcoin barrels to best month since 2020 (Reuters.com)

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 ...

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Image courtesy of "CNBC"

Bitcoin rises, trading at $62000 to cap a winning month (CNBC)

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 ...

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Image courtesy of "The Business Times"

Bitcoin set for biggest monthly jump since 2020 amid ETF boost (The Business Times)

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 ...

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Image courtesy of "Forbes"

'Free Money'—Bitcoin 'Godzilla' Price Rally Is Being Eclipsed By ... (Forbes)

The price of these smaller cryptocurrencies have left the bitcoin price in the dust—with some declaring them "free money"...

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Image courtesy of "Investopedia"

Bitcoin Crosses $63K as ETF Volumes Soar and 'Halving' Nears (Investopedia)

Optimism around spot bitcoin ETFs and the upcoming halving is driving market sentiment, according to a Grayscale report. Major crypto-related stocks, such as ...

GLOBAL MARKETS-Stocks near record highs, bitcoin barrels to best ... (Yahoo Finance)

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 ...

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Image courtesy of "Business Today"

Bitcoin trades near $64000 after 27 months; reasons behind the ... (Business Today)

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, ...

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Forbes Daily: Bitcoin Stages Massive Recovery (Forbes)

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 ...

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Bitcoin surge renews calls for eased regulations (koreatimes)

In January, financial regulators in Korea chose to maintain digital assets separate from the traditional securities market. This decision came at a time when ...

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Image courtesy of "crypto.news"

Bitcoin surge boosts Coinbase, crypto stocks reversing early 2024 ... (crypto.news)

The recent surge in Bitcoin has significantly impacted the performance of companies associated with crypto mining and trading, most seeing double-digit ...

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Image courtesy of "crypto.news"

Hong Kong's largest futures Bitcoin ETF surges 500% in AUM (crypto.news)

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 ...

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Image courtesy of "BNN"

Bitcoin's Push Toward a Record High Is Showing Some Bearish ... (BNN)

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 ...

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What's driving the bitcoin surge? Experts weigh in. (ABC News)

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 ...

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Stephen Colbert Was Wrong on Bitcoin (Chicago Booth Review)

Surveys provide a snapshot of the 12 percent of Americans who own cryptocurrencies.

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Bitcoin will soon be 'halved'—what that means for its price (CNBC)

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 ...

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Image courtesy of "Blockworks"

Bitcoin halving will benefit publicly listed miners: JPMorgan (Blockworks)

The share of publicly traded miners is poised to increase post-halving, JPMorgan analysts said in a new note.

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Image courtesy of "Coindesk"

Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan ... (Coindesk)

The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency's price, the report said.

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Image courtesy of "Coindesk"

Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years (Coindesk)

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 ...

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Image courtesy of "CNBC"

Bitcoin ETFs see record-high trading volumes as retail investors ... (CNBC)

The iShares Bitcoin Trust (IBIT) has already seen a record number of shares traded on Wednesday.

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Image courtesy of "Quartz"

Bitcoin just had its best month since 2020 (Quartz)

The cryptocurrency jumped more than 40% in February ... Physical representations of the bitcoin cryptocurrency are seen in an illustration. ... Bitcoin is not just ...

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Image courtesy of "Coindesk"

Bank of America, Wells Fargo to Offer Spot Bitcoin ETFs to Clients ... (Coindesk)

CoinDesk reported on Wednesday that another Wall Street giant, Morgan Stanley, might soon offer its clients exposure to the new products as well.

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Image courtesy of "The Business Times"

JPMorgan predicts Bitcoin correction once halving euphoria cools (The Business Times)

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 ...

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Image courtesy of "Reuters India"

BofA's Merrill, Wells Fargo offering spot bitcoin ETFs to clients (Reuters India)

Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, ...

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Image courtesy of "Yahoo Finance"

1 reason for new bitcoin mania: 'simply not enough' supply (Yahoo Finance)

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 ...

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Image courtesy of "The Star Online"

BofA's Merrill, Wells Fargo offering spot bitcoin ETFs to clients (The Star Online)

(Reuters) -Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, ...

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Image courtesy of "Fortune"

Is Bitcoin due for a major correction? JPMorgan predicts drop to ... (Fortune)

JPMorgan analysts predict that reduced miner rewards and doubling production costs will depress Bitcoin prices.

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Image courtesy of "Coindesk"

Bitcoin Tops $63K for First Time Since November 2021 (Coindesk)

Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1000 milestones one after another in quick succession.

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Image courtesy of "asianews.network"

Bitcoin soars to record high in South Korea (asianews.network)

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 ...

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Image courtesy of "Yahoo Finance Australia"

Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years (Yahoo Finance Australia)

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.

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Image courtesy of "Yahoo Finance"

Bitcoin Scales $60000 as ETF Demand Puts Record High in Sight (Yahoo Finance)

(Bloomberg) -- At the heart of the rally that is pushing Bitcoin toward a record high is a simple tenet of economics: supply and demand.

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