Bitcoin ETF

Bitcoin

Beam

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<p class="has-drop-cap">Bitcoin (<a href="https://tokenist.com/investing/how-to-invest-in-bitcoin/" rel="dofollow" class="deco-link">BTC</a>) has once again captured the spotlight in financial, surging to unprecedented heights and sparking fervor across the financial landscape. The cryptocurrency has reached a new peak, hitting a record $103,091.89 and crossing the psychologically important $100,000 level.</p> 
<p>This monumental rise is fueled by a confluence of factors, including substantial inflows into spot Bitcoin ETFs, heightened market activities, and regulatory developments. With Bitcoin’s market capitalization nearing $2 trillion and its dominance bouncing back, the digital currency is firmly in the limelight.</p> 
<p>Meanwhile, significant movements such as Mt. Gox’s transfer of billions in BTC and BlackRock’s <a href="https://tokenist.com/investing/bitcoin-etf/" rel="dofollow" class="deco-link">Bitcoin ETF</a> reaching a milestone indicate burgeoning investor interest. </p> 
<h3 id="bitcoin-soars-past-psychologically-important-100-000-level">Bitcoin Soars Past Psychologically Important $100,000 Level</h3> 
<p>Bitcoin’s triumphant ascent to over $103,000 marks a pivotal moment in its history, driven by robust buying pressure and strategic investor moves.</p> 
<p>The cryptocurrency’s recent performance has been staggering, with a 4.4% increase in its price, pushing its market capitalization past the $2 trillion mark. Spot Bitcoin ETFs in the United States have seen net inflows of $533 million, reflecting institutional investors’ growing appetite for digital assets. BlackRock’s IBIT has crossed an impressive $50 billion in net assets, reflecting the increasing adoption of Bitcoin as a mainstream investment vehicle.</p> 
<p>The surge in Bitcoin’s value has been accompanied by a spike in trading volumes, with a reported $125 billion changing hands, significantly higher than the average volume. This heightened activity indicates strong interest from both retail and institutional investors.</p> 
<p>The <a href="https://www.coinglass.com/pro/i/coinbase-bitcoin-premium-index" target="_blank" aria-label="Coinbase premium (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">Coinbase premium</a>, where Bitcoin’s price is higher on Coinbase compared to other exchanges like Binance, points to strong demand from U.S. investors. Analysts suggest that Bitcoin’s recent rally may be just the beginning as the digital currency continues to gain acceptance as a legitimate asset class.</p> 
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<h3 id="meanwhile-in-the-cryptoverse">Meanwhile, in the Cryptoverse</h3> 
<p>On the regulatory front, <a href="https://apnews.com/article/sec-chair-atkins-gensler-investors-financial-markets-d1c544f1846071b33c75b9f2dd0c1ba4" target="_blank" aria-label="President-elect Donald Trump's appointment of Paul Atkins (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">President-elect Donald Trump’s appointment of Paul Atkins</a>, a former SEC commissioner, as his pick to chair the SEC, signals a potentially friendlier regulatory environment for cryptocurrencies in the U.S.</p> 
<p>This development has been met with optimism in the crypto community, as it could lead to more favorable policies for digital assets. Meanwhile, the defunct exchange Mt. Gox has transferred billions in Bitcoin to an unknown address, stirring speculation and concern on social media about the potential impact on the market.</p> 
<p>In other news, Ethereum is gaining momentum, with its price rising by 8% as Bitcoin’s dominance temporarily wanes. Ethereum’s Beam Chain is making strides in enhancing the long-term security and health of its network, positioning it as a formidable player in the blockchain ecosystem.</p> 
<p>The excitement around altcoins continues as Binance’s BNB hits a new record, breaking out of a three-year range.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/btc-report-trading-volume-skyrockets-price-soars-past-100k/">BTC Report: Trading Volume Skyrockets, Price Soars Past $100k</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

BTC Report: Trading Volume Skyrockets, Price Soars Past $100k

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