On Monday, the value of Bitcoin on the spot market surged above $49K, escaping the day’s early trading boundaries. With a 3.7% gain in the last day and a noteworthy 15.6% climb over the course of the week, the top digital currency by market cap quickly hit $50,000. Bitcoin Breaks the $49K Barrier, and Bulls … Read more
Bitcoin is showing strong upward momentum as of February 12, 2024, as seen by the huge increase it made on Sunday from $47,593 to $48,814 on multiple charts. The next Monday, there was $21.57 billion in trading volume for bitcoin, and its market value had increased to $939 billion. As of right now, the rising … Read more
The nine recently formed exchange-traded funds (ETFs) have acquired 6,009.49 bitcoin, or over $288 million, since the end of the spot bitcoin ETF trading sessions on February 9, 2024. Grayscale’s Bitcoin Trust (GBTC), which developed into an exchange-traded vehicle that is publicly traded, has concurrently sold out roughly 2,252.2 bitcoin, or nearly $108 million. As … Read more
Reserves for Bitcoin ETFs Increase: Since the fund’s launch in January, more than 200,000 BTC valued at $9.56 billion have been gathered. Command of New ETFs More than 200,000 Bitcoin Spot bitcoin ETFs launched by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, Valkyrie, Franklin Templeton, and Wisdomtree have amassed sizable bitcoin (BTC) reserves over the … Read more