Bitcoin
2024 - 2 - 27Bitcoin Hits New Highs: Breaking Records and Attracting Big Investors
btc Bitcoin - Crypto Market - Cryptocurrency - ETFs - Institutional Investors - btcBitcoin continues its meteoric rise, hitting highs above $57,000 and attracting major institutional players. Find out more about the cryptocurrency's latest surge!
Bitcoin, the flagship cryptocurrency, has shattered previous records by exceeding the $57,000 mark, marking a milestone not seen in over two years. This surge has been fueled by significant institutional investments, with a net inflow of $5.6 billion pouring into landmark Bitcoin ETFs recently launched in the United States. Analysts attribute this unprecedented demand to a wider acceptance of Bitcoin among institutional investors.
Moreover, Bitcoin's rally has strengthened as big buyers circle the cryptocurrency, pushing its price to levels above $57,000 in Asian trading sessions. The soaring price is further supported by substantial institutional buying, signifying a continued bullish sentiment towards Bitcoin in the market.
In another notable development, the cryptocurrency funding rates have spiked to 100%, creating lucrative arbitrage opportunities for crypto hedge funds. This spike highlights the growing interest and participation of institutional players in the cryptocurrency market, further boosting Bitcoin's value.
Furthermore, as Bitcoin continues to dominate headlines with its impressive rally, it is evident that the cryptocurrency's momentum shows no signs of slowing down. With key data releases and significant institutional investments driving its upward trajectory, Bitcoin's ascent to new highs underscores its position as a leading digital asset in the financial landscape.
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.
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 ...
Bitcoin breaks $57000 as big buyers circle (Reuters)
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 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.
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.
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.
Bitcoin resumes its rally, ripping through $54000 for the first time ... (CNBC)
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 tops $US57,000 for the first time since 2021 on ETF flows (The Australian Financial Review)
Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.
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.
Dollar droops before key data, bitcoin soars above $57000 (CNA)
TOKYO :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 ...
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 ...
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.
Bitcoin breaks US$57000 as big buyers circle (CNA)
SINGAPORE: 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 ...
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 ...
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 ...
Bitcoin Surges To $57000 High As Crypto Rally Builds Momentum (Forbes)
Prices for bitcoin rival ether also surged to more than $3200 for the first time since 2022.
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 ...
'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.
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 exchange-traded funds that began trading in the US on Jan. 11, signaling widening demand for the ...
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.
Bitcoin price extends gains as capital inflows near all-time highs (FXStreet)
Bitcoin (BTC) price remains northbound, a status that was invigorated by Monday reports on MicroStrategy and BlackRock.
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 ...
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 ...
SMI Vantage places order for additional digital mining facility amid ... (The Edge Singapore)
The company has also signed a strategic partnership agreement with Frontier Mining, which specialises in digital asset management. With the strong upsurge in ...
Bitcoin passes $57000 as BlackRock ETF hits 'insane' volume record (DL News)
Bitcoin soared more than 10%, while BlackRock's Bitcoin spot ETF broke records when it surpassed $1 billion in daily trading volume.
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.
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