Bitcoin soars above $60K as spot ETFs drive trending frenzy, lead to Coinbase crash
Bitcoin soared above $60,000 on Wednesday for the first time in more than two years, as the popularity of spot ETFs reignited trading enthusiasm for the volatile cryptocurrency and sent popular crypto exchange Coinbase crashing. Bitcoin’s price soared to nearly $64,000 in the early afternoon, close to its November 2021 all-time high of $68,789, but […]
Coinbase users’ wallets wiped to $0 after crash as Bitcoin soared
Coinbase users panicked Wednesday after discovering their digital wallets were suddenly erased. I then learned that my funds were safe and the crypto exchange platform had crashed. Coinbase CEO Brian Armstrong says users are flocking to social media due to a “huge spike in traffic” as Bitcoin soars above $60,000 for the first time in […]
Bitcoin ETFs see record high trading volumes as retail investors jump on crypto rally – CNBC
Retail traders appear to be using a new tool in this massive rally in Bitcoin: exchange-traded funds. These funds, launched last month, have seen a surge in trading volume this week as Bitcoin continues to rally. For example, iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early Wednesday […]
Bitcoin tops $60K, racing toward all-time high
Anthony Pompliano of Pump Investments said on “Craman Countdown” that Bitcoin is currently a “popular” asset with Wall Street investors. Like U.S. stocks, Bitcoin is having a great start to the new year, approaching new records as experienced investors return with a new crowd. The largest cryptocurrency by market capitalization surpassed $60,000, returning to its […]
Bitcoin breaks $60K for first time since November 2021
On Wednesday, the price of one Bitcoin exceeded $60,000 for the first time since November 2021, pushing the world’s largest cryptocurrency to a current record of nearly $67,000. The boom began in 2023 when Bitcoin fell below $20,000 and is a big turnaround from a year ago, when economists predicted a deepening recession. Bitcoin rose […]
Bitcoin Rides Bullish Sentiment to $59K as Ethereum Hits $3,300 – Decrypt
Bitcoin soared above $59,000 early Wednesday morning, while Ethereum touched the $3,300 level amid bullish sentiment among crypto traders. Currently, BTC and ETH together account for $1.5 trillion, or 67% of the world’s digital assets. In the past day, the global market capitalization increased by 3% to $ 2.3 trillion. Bitcoin price is currently $59,266.94, […]
Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving – CoinDesk
Excitement, institutional buying demand, and historic gains related to Bitcoin (Bitcoin) Some traders say the halving event is putting the asset on track to surpass March’s lifetime high of $69,000. Bitcoin halvings have always been associated with bull markets, with asset prices increasing by hundreds of percent in the months following previous events. Halvings occur […]
'The Nine' spot Bitcoin ETFs see $2B volume for 2nd straight day – Cointelegraph
Nine of the recently launched spot Bitcoin exchange-traded funds (ETFs) posted total trading volume of more than $2 billion for the second day in a row as demand and interest remain heated. In a Feb. 27 X post, Bloomberg ETF analyst Eric Balciunas described the day as “another wild volume day for Nine,” citing Grayscale’s […]
Bitcoin hits $57K, highest since 2021
Anthony Pompliano of Pump Investments said on “Craman Countdown” that Bitcoin is currently a “popular” asset with Wall Street investors. Like U.S. stocks, Bitcoin has had a great start to the new year, hitting a two-year high as experienced investors return with a new crowd. The largest cryptocurrency by market value has surpassed $57,000, the […]
New bitcoin ETFs surpass 300000 BTC holdings in under two months – The Block
After less than two months of trading, nine newly created Spot Bitcoin exchange-traded funds now hold more than $300,000. BTC +11.33% Assets under management exclude Grayscale’s convertible GBTC fund. According to K33 Research, the nine new ETFs include Accumulated 303,002 BTC ($17 billion) as of yesterday’s close. These ETFs launching on January 11th include BlackRock […]