Bitcoin hits $57K, attracting big buyers and institutional interest. Find out why investors are rallying behind the cryptocurrency!
Bitcoin is making waves once again as it soars past the $55,000 and $57,000 price levels, marking significant milestones in its tumultuous journey. The recent surge in Bitcoin prices can be attributed to the influx of $5.6 billion into landmark Bitcoin ETFs that started trading in the US, signaling a growing interest from investors beyond the usual crypto enthusiasts. This surge is fueled by unprecedented tailwinds that continue to push the cryptocurrency to new heights.
Institutional investors, usually cautious about cryptocurrencies, have displayed interest in Bitcoin, with former Bridgewater exec Bob Elliott noting a 15% jump in the price since the approval of spot ETFs in the US. This signals a potential shift in the perception of Bitcoin among traditional financial institutions. Moreover, the rally in Bitcoin has gained momentum with record volumes in spot ETFs, attracting heavy buying from big players in the market.
Elon Musk, known for his controversial views on cryptocurrencies, surprisingly sides with Bitcoin as the 'true currency,' finding common ground with Warren Buffett. This alignment of views from two major figures in the financial world adds a new layer of legitimacy to Bitcoin and further bolsters its position in the market.
Overall, the recent surge in Bitcoin prices and significant institutional interest highlight the cryptocurrency's resilience and growing mainstream acceptance. As Bitcoin continues to break records and attract big investors, its role as a leading digital asset appears cemented in the financial landscape.
A net $5.6 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the US on Jan. 11, signaling a widening of demand for the token beyond ...
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% ...
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 last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69000 the preceding month.
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
The world's largest cryptocurrency changed at around $54,900 — a gain of nearly 6% in one day — just after 3:00 p.m. Eastern Time Monday before dropping to ...
Tesla billionaire Elon Musk and Berkshire Hathaway's chief executive Warren Buffett often disagree but they've found common ground over the "true currency.
(Bloomberg) -- Bitcoin retook the $57000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...
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.
Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.
The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the ...
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 ...
The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the ...
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 ...
“Bitcoin continues its ascent, supported by strong ETF inflows,” said Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR.
Crypto market rallies as bitcoin early Tuesday surged to its highest level since November 2021. Bitcoin ETFs jump, Coinbase breaks out.
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 ...
The world's largest cryptocurrency is up more than 10% to $56,449 in the last 24 hours — its highest price since December 2021, TradingView data shows. Buoyed ...
Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...
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 ...
That was on display on Monday when the Amplify ETF surged more than 7% as bitcoin rallied. True, one day does not make a trend, but consider the following: ...
Bitcoin s'aventure dans le domaine de la finance décentralisée . Depuis début février, la blockchain publique a accumulé quasiment deux milliards de dollars ...
Les solutions de seconde couche de Bitcoin (BTC) profitent de la hausse de la plus grande cryptomonnaie. Quelles sont-elles ?
Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.
(Bloomberg) -- A hacker who looted billions of dollars from crypto exchange Bitfinex revealed details of how he was able to pull off one of largest Bitcoin ...
Bitcoin hit a two-year high Tuesday (Feb. 27), surpassing $57000 as big buyers flock to the cryptocurrency market.
Bitcoin soared more than 10%, while BlackRock's Bitcoin spot ETF broke records when it surpassed $1 billion in daily trading volume.