cryptd.in

Альтернативний LinkedIn для крипто-дружніх талантів

High Spot Bitcoin ETF Demand Pushed BTC to New ATH Above $93K

-

до

в

Bitcoin prices hit another all-time high in late trading on Wednesday, Nov. 13, when it tapped $93,477, according to CoinGecko.

However, the asset had since retreated to around $90,000 during the Thursday morning Asian trading session.

The correction was a blip as BTC continued higher adding to its 20% weekly gains. Bitcoin has now added a whopping $24,000 since the beginning of November, spurred primarily by Donald Trump’s US presidential election victory.

ETFs Driving Bitcoin Demand

Bitcoin ETFs are by far the majority driving force of demand right now, “soaking up almost all of the selling by long-term holders,” observed analyst James Check on Nov. 14.

Wednesday was another bumper day for spot ETF inflows, with $510 million entering the eleven Bitcoin funds in the US. A whopping $4.7 billion has entered these spot Bitcoin ETFs over the past six consecutive trading days, according to Farside Investors.

Bloomberg ETF analyst Eric Balchunas прокоментував that BlackRock’s IBIT fund is now in the top 1% of all ETFs by assets, and at 10 months old, it is bigger than all 2,800 ETFs launched in the past ten years.

He added that things were seeming to cool off until IBIT hit $5 billion in daily volume for the first time ever. The BlackRock Bitcoin ETF saw an inflow of $230 million on Nov. 13.

Blockchain betting platform Polymarket now has 61% odds that Bitcoin will reach six figures by the end of this month, and it is just 10% away from that milestone at the moment.

Total Cap Back at Peak

The altcoins are still being left behind with Bitcoin dominance topping 61% with its new price peak. However, total market capitalization has returned to its all-time high of $3.12 trillion.

Ethereum climbed to $3,300 but retreated back to $3,200 during Thursday morning trading. Solana (SOL) and Cardano (ADA) are showing 3-4% daily gains, but the rest of the altcoins remain flat.

That is aside from the PEPE meme coin, which skyrocketed by 74% following a listing on Coinbase and Robinhood. Dogwifhat (WIF) has also surged 35% on the day as Coinbase listed it and added support for the meme coin on Solana.

Economist Alex Krüger observed how meme coins appear to be dominating this cycle.

Пост High Spot Bitcoin ETF Demand Pushed BTC to New ATH Above $93K вперше з'явилася на CryptoPotato.

Коментарі

Залишити відповідь

Ваша e-mail адреса не оприлюднюватиметься. Обов’язкові поля позначені *

Останні новини

Популярні категорії

uk Українська
uk Українська en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Пошук на сайті

Популярні історії

Теги

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (400) #BitcoinETF (3) #BitcoinФундаментальні основи (1) #BitcoinHandling (1) #BitcoinЦіна (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC придбання (1) #Продовження зростання (1) #BullishSentiment (1) #CHineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (71) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (65) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) # Фінансовий вплив (1) # Фінансова приватність (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Інвестиції (1) #Втрати від інвестицій (1) # Японська фірма (1) # LegalAction (1) # LegalImpact (1) #Законодавство (1) #LightningNetwork (1) #M Аналіз ринку (3) #MМоніторинг ринку (1) #MПрогноз ринку (1) #MРинкові прогнози (1) #MПрогноз ринку (1) #M MarketSupport (1) #MРинкова волатильність (1) #M Шлюб (1) #MemeCoin (5) #MemeCoins (2) #MinerПрибутковість (1) #M Відмивання грошей (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzПрогноз (1) #PЦінаВіха (1) #PЦінаПрогноз (2) #PriceQuestion (1) #PriceSurge (1) #PПозбавлення воліПокарання (1) #QuantAnalysis (1) 1TP5 Регуляторний тиск (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) # Технічний аналіз (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Корисні посилання

Посилання, які я вважаю корисними і якими хочу поділитися.