Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days
Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.
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Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.
The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin climbed over $46,000 for the first time in nearly a month early Friday, extending its gain for the week to nearly 10%.
Over the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.
The recently launched spot bitcoin ETFs, excluding Grayscale’s GBTC, added nearly another 5,000 tokens to their holdings yesterday, and now at more than 192,000 BTC, hold more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January.
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.
The cryptocurrency last traded above $45,000 on Jan 11.
The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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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BTC broke above $44,000 for the first time since Jan. 12, the day after the spot ETF debuts.