Bitcoin | Ethereum | Altcoin

2024-03-10 09:45:01 Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Momentum' in Spot Bitcoin ETFs

Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted that the cryptocurrency “is a report card on fiscal prudence and there’s no fiscal prudence here right now.”

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2024-03-09 22:20:34 Unrealistic for Bitcoin to Match Gold’s Investor Allocation: JPMorgan

Analysts at major investment bank JPMorgan Chase have predicted that it will be difficult for bitcoin to match Gold’s current investor allocation of $3.3 trillion. The JP Morgan Bitcoin opinion coincides with the recent achievement of a new All-Time High (ATH) for the premier digital asset, reaching $69.9k. The prediction was made in a recent report penned by senior analyst Nikolaos Panigirtzoglou, as the bank tried to provide “realistic insights” into the bitcoin investment scene.

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2024-03-09 09:35:13 Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2

Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan wrote that Bitwise, and likely the other Bitcoin ETF issuers, are engaged in “serious due diligence discussions” with a variety of major financial and corporate entities that are interested in gaining Bitcoin exposure.

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2024-03-08 19:40:23 Fidelity’s FBTC spot bitcoin ETF hits record daily inflow of $473 million

Fidelity’s FBTC spot bitcoin exchange-traded fund hit record daily inflows of $473.4 million on Thursday — nearly double BlackRock’s $244.2 million haul for its usually dominant IBIT ETF. FBTC’s inflows yesterday were 17% higher than its previous $404.6 million record set on Monday, eclipsing the $472.6 million total net inflows registered on Thursday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data.

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2024-03-08 19:16:12 Bitcoin reaches new all-time high of $70,000.

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2024-03-08 12:20:23 Tether co-founder believes Bitcoin could hit $300K based on historic patterns

Tether co-founder William Quigley said Bitcoin could potentially surge to $300,000 at the peak of the current bull market, based on historical patterns of past halvings. He shared the insight during an interview with CNBC, where he discussed the market conditions influencing Bitcoin as the halving approaches. Quigley clarified that his analysis is not a prediction but a possibility if historical patterns hold true.

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2024-03-07 18:45:00 MicroStrategy ups debt offering to $700 million to buy more Bitcoin

MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million. According to data from Yahoo Finance, the stock has soared by nearly 80% since January, reaching approximately $1250. This ascent closely tracks Bitcoin’s upward trajectory, coinciding with the introduction of several exchange-traded funds (ETFs) in the US.

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2024-03-07 09:55:15 CEXs saw record-breaking trading volume as Bitcoin touched ATH

On Mar. 5, Bitcoin reached the all-time high it posted in November 2021, breaking through $69,000 in the late afternoon UTC. However, Bitcoin’s stint at its ATH was extremely brief and was quickly followed by a sharp 14% correction that pushed its price down to $59,300. In the early morning of Mar. 6, BTC regained some of its lost footing but struggled to stabilize at $66,000.

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2024-03-06 19:35:24 BlackRock’s IBIT spot bitcoin ETF hits record daily inflow of $788 million

BlackRock’s IBIT spot bitcoin exchange-traded fund hit record daily inflows of $788.3 million on Tuesday as bitcoin reached a new all-time high above $69,000 for the first time since November 2021. IBIT’s inflows yesterday were 30% higher than its previous $603.9 million record set on Feb. 29, eclipsing the $562.7 million total net inflows registered on Monday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data.

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2024-03-06 09:29:01 Bitcoin flash crash wipes $1B in ‘speculative excess’ from markets

Billions of dollars in leverage was wiped from the crypto market as Bitcoin plunged 14% in a few hours after briefly notching a new all-time high. Crypto traders using options and futures to gain exposure to Bitcoin are out of pocket a staggering $1 billion after the cryptocurrency crashed more than 14% from its new all-time high of $69,200 on March 5. The price of Bitcoin briefly notched a new all-time high just above $69,200 on March 5, only slightly higher than its previous peak of $69,044 in November 2021.

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