Bitcoin’s Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.
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Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.
While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan. 11, a sizable amount of money has been exiting gold ETFs.
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.
Bitcoin halvings have generally been good for the network. But price increases have decreased over time, says Todd Groth, head of research at CoinDesk Indices.
The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.
After Bitcoin (BTC) last week initiated a bullish streak that has led it to surpass an important psychological price level … Continue reading
The post Bitcoin in ‘Boom’ phase after closing highest weekly candle in 2 years appeared first on Finbold.
Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.
Bitcoin targets $48,000 in the short term fueled by a strong historic track record around the Chinese New Year, 10X Research’s Markus Thielen said.
Although Bitcoin (BTC) is back above the $44,500 price mark for the first time since the start of the exchange-traded … Continue reading
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