Ethereum

Bitcoin

Strong

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-strengthens-as-investors-anticipate-new-highs/" data-wpel-link="internal">Bitcoin Price Strengthens as Investors Anticipate New Highs</a> 
Bitcoin (BTC) maintains a strong position at the $91,000 level, leading investors to expect a rise towards $92,000. Accompanying this optimism, net inflows into U.S. spot Bitcoin ETFs totaled $255 million on November 18. The largest inflow of $90 million was observed in BlackRock’s iBit ETF, followed closely by Fidelity with an inflow of $60 million. In contrast, spot Ethereum ETFs did not perform as well, experiencing a net outflow of $39 million. 
<h2 style="text-align: justify" id="strong-blackrock-and-fidelity-lead-inflows-strong">BlackRock and Fidelity Lead Inflows</h2> 
The recent inflows following the outflows indicate renewed investor interest in spot Bitcoin ETFs, with a shift towards BTC. BlackRock’s iBit fund took the lead with a net inflow of $90 million, while Fidelity’s fund closely followed with a $60 million inflow. Other funds also presented a positive trend during this period. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-407990" src="https://coin-turk.com/wp-content/uploads/2024/11/Spot-Bitcoin-ETF-2-scaled.jpg" alt="" width="2560" height="1137"> 
Experts believe that continued inflows will positively impact the market. The increasing inflows to ETFs suggest that institutional investors remain interested in Bitcoin and that investor confidence is intact. 
<h2 style="text-align: justify" id="strong-btc-and-eth-demand-gap-widens-strong">BTC and ETH Demand Gap Widens</h2> 
The stability of Bitcoin above the $91,000 threshold indicates investor optimism regarding pricing. Strong inflows to spot ETFs support this sentiment, with 2,830 BTC purchases in spot Bitcoin ETFs contrasting with the selling trend in spot Ethereum ETFs. On November 18, approximately 12,700 ETH were sold, reinforcing this disparity. 
Market analysts highlight that Bitcoin demand is driven by larger-scale institutional investments, while Ethereum appears to be losing its competitive edge. According to experts, the growing dominance of the largest <a href="https://en.coin-turk.com/crypto-markets-struggle-to-ascend/" data-wpel-link="internal">cryptocurrency</a> will shape future price movements. 
As investors focus on the highly demanded spot Bitcoin ETFs, Ethereum’s situation emerges as a noteworthy development. This scenario reaffirms Bitcoin’s leading position in the <a href="https://en.coin-turk.com/gemini-predicts-growth-in-cryptocurrency-market-over-the-next-two-years/" data-wpel-link="internal">cryptocurrency market</a>. 
The post <a href="https://en.coin-turk.com/bitcoin-price-strengthens-as-investors-anticipate-new-highs/" data-wpel-link="internal">Bitcoin Price Strengthens as Investors Anticipate New Highs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Strengthens as Investors Anticipate New Highs

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