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As Bitcoin (BTC) continues its push toward a potential new all-time high (ATH), pulling the majority of the cryptocurrency sector … Continue reading
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Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.
U.S.-listed spot bitcoin ETFs had their busiest day ever on Tuesday as bitcoin’s run for all-time high price turned into a bloodbath, the price tumbling more than 10% after hitting a record above $69,000.
Investors are pouring money into spot ETFs while avoiding miners due to risks related to Bitcoin’s halving event.
Bitcoin {{BTC}} lost 23.7% of its value against its Euro trading pair on Coinbase amid a period of volatility on Tuesday.
As the protocol evolves, new layers could emerge bringing new use cases and more users, the report said.
Bitcoin’s price targets $70,000 in the short term and could reach a new all-time high as soon as this week, analysts said.
What’s different this time? ETFs, Wall Street and a lack of celebrity influencers — for now.
The cryptocurrency hit an all-time high against the euro on Monday and is attempting to push for an all-time high in dollar terms.
The surge comes ahead of the anticipated halving event and rising inflows on bitcoin ETFs.