Bitcoin

2024 - 2 - 29

Bitcoin Fever: Record Highs and Epic Rallies

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Bitcoin is on fire with its biggest monthly jump since 2020, approaching record highs and attracting massive ETF demand. Dive into the cryptocurrency rollercoaster!

Bitcoin is making headlines again with a red-hot streak, poised for its largest monthly gain in over three years. The surge in demand for the cryptocurrency, driven by the introduction of new exchange-traded funds (ETFs), has pushed Bitcoin above the US$60,000 mark and tantalizingly close to its all-time high. Hong Kong’s largest Bitcoin futures exchange-traded fund has seen a staggering five-fold increase in assets under management to a whopping $100 million, reflecting the growing interest in digital assets.

As Bitcoin soared above $60,000, crypto enthusiasts experienced a rollercoaster ride with price tops and dramatic falls. From surpassing the $60,000 milestone to later dropping below it due to profit-taking, the cryptocurrency market has been rife with excitement and volatility. The approval and launch of spot Bitcoin ETFs in the U.S. have democratized access to the asset class, drawing in new investors and sparking renewed enthusiasm in the digital currency market.

In a stunning display of resilience, Bitcoin continued its upward climb, briefly touching $64,000 for the first time since 2021. The global crypto market cap surged over 8%, reaching $2.33 trillion, with Bitcoin's price movements captivating investors worldwide. With Bitcoin's monumental recovery and Wall Street's bullish sentiment, the cryptocurrency market's momentum seems unstoppable.

In a remarkable turn of events, Hong Kong's largest futures Bitcoin ETF has skyrocketed by a staggering 500%, surpassing $100 million in assets under management. Meanwhile, Bitcoin's historic run marks its best month since 2020, drawing attention from investors and Wall Street alike. The cryptocurrency fever shows no signs of cooling down, setting the stage for an exhilarating journey in the digital asset arena.

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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 "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 "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 "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 "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 "CNA"

Bitcoin tops US$60000, approaches all-time high (CNA)

Since their approval on Jan 10 by US securities regulators, exchange-traded funds (ETFs) indexed to bitcoin have theoretically enabled a wider public to invest ...

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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 "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 "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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Image courtesy of "Forbes"

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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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 "Reuters"

Bitcoin barrels to best month since 2020, Wall Street points higher ... (Reuters)

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 "koreatimes"

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 "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 "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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Image courtesy of "Yahoo Finance"

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

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 "ABC News"

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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Image courtesy of "Yahoo Eurosport UK"

One reason for new bitcoin mania: 'simply not enough' supply (Yahoo Eurosport UK)

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 "Chicago Booth Review"

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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Image courtesy of "Yahoo Finance"

Bitcoin ETF Record Gets Broken Yet Again on $612 Million Inflow (Yahoo Finance)

(Bloomberg) -- Another day, another record across the booming world of Bitcoin ETFs – fueled by fear of missing out on the latest crypto rally.

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Image courtesy of "Reuters.com"

BofA's Merrill offering spot bitcoin ETFs to clients, source says (Reuters.com)

Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the ...

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Image courtesy of "CNA"

BofA's Merrill offering spot bitcoin ETFs to clients, source says (CNA)

Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the matter said on Thursday, highlighting the growing popularity of the asset class.

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Image courtesy of "CNBC"

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 "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 "The Business Times"

Bank of America's Merrill, Wells Fargo offer Bitcoin ETF products for ... (The Business Times)

BANK of America's Merrill arm and Wells Fargo & Co's brokerage unit are offering access to exchange-traded funds (ETFs) that invest directly in Bitcoin, ...

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Image courtesy of "CNA"

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

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 "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 "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 "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 "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 "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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