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.
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 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 ...
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, ...
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.
Bitcoin prices declined to less than $60000 this afternoon after approaching $64000. Analysts cited profit taking as being the primary cause of this ...
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 ...
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 ...
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 ...
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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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 ...
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 ...
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 price of these smaller cryptocurrencies have left the bitcoin price in the dust—with some declaring them "free money"...
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 ...
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, ...
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 ...
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 ...
Surveys provide a snapshot of the 12 percent of Americans who own cryptocurrencies.
(Bloomberg) -- Another day, another record across the booming world of Bitcoin ETFs – fueled by fear of missing out on the latest crypto rally.
Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the ...
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.
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 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 ...
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, ...
Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, ...
CoinDesk reported on Wednesday that another Wall Street giant, Morgan Stanley, might soon offer its clients exposure to the new products as well.
The cryptocurrency jumped more than 40% in February ... Physical representations of the bitcoin cryptocurrency are seen in an illustration. ... Bitcoin is not just ...
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 ...
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 ...
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.