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.
Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.
Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.
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 ...
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% ...
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.
(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 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.
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
Tesla billionaire Elon Musk and Berkshire Hathaway's chief executive Warren Buffett often disagree but they've found common ground over the "true currency.
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 ...
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.
LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped ...
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.
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.
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 ...
Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.
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 ...
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 ...
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
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.
Crypto traders are rejoicing as Bitcoin makes a massive surge, coming within a hair of its all-time high price on Tuesday.
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 ...
Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...
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 ...
BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.
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 soared more than 10%, while BlackRock's Bitcoin spot ETF broke records when it surpassed $1 billion in daily trading volume.
In a February 27 newsletter, on-chain market intelligence firm Glassnode indicated that the risk appetite among Bitcoin investors has increased, citing “growing ...
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 ...
The fourth Bitcoin halving is expected to occur on April 20, and it will have big consequences for the top cryptocurrency.
Opinion: Get over it. Of course Bitcoin will survive. The real question: Which miners will thrive?
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 ...
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 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 ...
The rally, exceeding 10 per cent over two sessions, gained momentum following the revelation from crypto investor and software firm MicroStrategy that it ...