Bitcoin

2024 - 2 - 27

Bitcoin Booms: Surging Past $57,000 Amid ETF Excitement

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Bitcoin reaches a 27-month high as institutional investors fuel the rally. Find out more about the latest surge in cryptocurrency prices!

Bitcoin is making headlines once again, with its price soaring past $57,000 for the first time since 2021, driven by a wave of interest from institutional investors. The recent influx of approximately $8.6 billion into newly introduced exchange-traded funds has propelled Bitcoin to new heights, marking a significant milestone in its price history. This surge comes amidst unprecedented tailwinds pushing the cryptocurrency higher, with prices peaking at levels not seen since November 2021.

The momentum continued as Bitcoin broke the $57,000 mark, hitting a two-year high in Asia trade, signaling heavy institutional buying. Amid this bullish trend, the flagship cryptocurrency broke through the $54,000 barrier after a week of subdued trading, gaining 5% in value. This surge, supported by investor demand through ETFs, has reignited interest in the digital asset among both retail and institutional investors.

Former Bridgewater executive Bob Elliott highlighted the ongoing skepticism among institutional investors, despite Bitcoin's 15% jump following spot ETF approvals in the US. Meanwhile, Tesla's Elon Musk, a vocal figure in the crypto space, surprisingly stood in support of Bitcoin, aligning with Warren Buffett's views on the 'true currency.'

In a surprising turn of events, MicroStrategy's significant purchase of 3000 bitcoins for $155 million further uplifted the market, emphasizing Bitcoin's dominance. As the crypto landscape continues to evolve, the excitement surrounding Bitcoin shows no signs of slowing down, with funding rates reaching 100% and presenting lucrative opportunities for crypto hedge funds.

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Image courtesy of "The Australian Financial Review"

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.

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Image courtesy of "Forbes"

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.

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Image courtesy of "Reuters"

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 ...

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Image courtesy of "CNBC"

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% ...

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Image courtesy of "Livemint"

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.

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Image courtesy of "Yahoo Finance"

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 ...

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Image courtesy of "Financial News"

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.

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Image courtesy of "Coindesk"

Bitcoin Tops $57K as Rally Picks Up Steam (Coindesk)

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

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Image courtesy of "Forbes"

The 'True Currency'—Elon Musk Surprisingly Sides With Bitcoin ... (Forbes)

Tesla billionaire Elon Musk and Berkshire Hathaway's chief executive Warren Buffett often disagree but they've found common ground over the "true currency.

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Image courtesy of "The Straits Times"

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 ...

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Image courtesy of "Coindesk"

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.

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Image courtesy of "CNBC"

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.

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Image courtesy of "Yahoo Finance"

Bitcoin tops $57000 as big buyers circle (Yahoo Finance)

LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped ...

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Image courtesy of "Proactive Investors Australia"

FIVE at FIVE AU: Topsy turvy day for local market as Bitcoin gains ... (Proactive Investors Australia)

The ASX was up slightly today after trimming its early falls. The S&P/ASX200 was up 10.0 points to 7662.80. This index is virtually unchanged over the last.

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Image courtesy of "Stockhead"

Market Highlights: Bitcoin speeds past US$54k as a strange email ... (Stockhead)

ASX to track Wall Street lower today. Bitcoin surged 5pc to over US$54k. And it's the last day of earnings season at the ASX.

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Image courtesy of "BNN"

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 ETFs that began trading in the US on Jan. 11, signaling widening demand for the token beyond ...

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Image courtesy of "Blockworks"

Bitcoin approaches $55k as IBIT tops $1B in trades (Blockworks)

Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.

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Image courtesy of "Forbes Innovation"

Bitcoin Surges To $57000 High As Crypto Rally Builds Momentum (Forbes Innovation)

Bitcoin topped $57,000 for the first time in more than two years on Tuesday, propelled by purchases from large investors and booming demand through ...

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Image courtesy of "Financial News"

The Fintech Files: Bitcoin ETFs gave us winners, but also some losers (Financial News)

Total trading volumes in spot bitcoin ETFs crossed $54bn on 26 February. But there have also been some losers. These including crypto investment firm Grayscale ...

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Image courtesy of "Yahoo Finance Australia"

Bitcoin Shorts Lose $150M as BTC Poised for 'Tremendous Upside' (Yahoo Finance Australia)

A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.

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Image courtesy of "ETF Trends"

Bitcoin Rally Could Be Start of Something More Substantial (ETF Trends)

As of late Monday, bitcoin had gained more than 5% over the past week and traded above $54000 for the first time since December 2021.

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Image courtesy of "NEWS.com.au"

Insane prediction as Bitcoin explodes (NEWS.com.au)

Crypto traders are rejoicing as Bitcoin makes a massive surge, coming within a hair of its all-time high price on Tuesday.

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Image courtesy of "Blockworks"

Bitcoin tops $57k, US stocks mixed ahead of busy economic data day (Blockworks)

Ether (ETH) also extended its rally, hovering just below $3,300 — the highest it's been in almost two years. Continued demand for bitcoin ETFs — the iShares ...

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Image courtesy of "Forbes"

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 ...

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, S&P 500 Slip After Open; Bitcoin Price ... (The Wall Street Journal)

Bitcoin is booming again, and the new crop of ETFs are in the driving seat. Investors have poured money into the bitcoin exchange-traded funds that launched ...

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Image courtesy of "The Wall Street Journal"

Hot New Bitcoin Funds Could Soon Have Rivals (The Wall Street Journal)

BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.

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Image courtesy of "Forbes"

'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.

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Image courtesy of "DL News"

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.

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Image courtesy of "FXStreet"

Bitcoin Price Prediction: Short-term holders dominate BTC flows as ... (FXStreet)

In a February 27 newsletter, on-chain market intelligence firm Glassnode indicated that the risk appetite among Bitcoin investors has increased, citing “growing ...

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Image courtesy of "DL News"

Bitcoin NFTs now dominate trading volume on Magic Eden (DL News)

Ordinals is a protocol that allows users create non-fungible tokens and crypto tokens on the Bitcoin blockchain. February's Bitcoin mark is a record for monthly ...

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Image courtesy of "DL News"

Bitcoin's halving is only weeks away — here's what it means (DL News)

The fourth Bitcoin halving is expected to occur on April 20, and it will have big consequences for the top cryptocurrency.

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Image courtesy of "Blockworks"

Stop worrying so much about the next Bitcoin halving (Blockworks)

Opinion: Get over it. Of course Bitcoin will survive. The real question: Which miners will thrive?

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Image courtesy of "Forbes"

Bitcoin: Here Comes The Halvening (Forbes)

I've been writing for years—since the last four-year bitcoin cycle—that the next big move would be driven by the “halvening” when bitcoin supply will be cut in ...

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Image courtesy of "CNBC"

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.

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Image courtesy of "Yahoo Finance"

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 ...

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Image courtesy of "WION"

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 ...

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