On March 5, Bitcoin ETF products broke a new record, reaching a cumulative $10 billion in trading volume, which marked the highest level since their inception in January.
The 2024 Bitcoin halving may have all the conditions for an impressive bullish scenario where prices reach record all-time highs.
This time, market observers are asking whether this part of the halving — which in previous years saw double-digit percentage losses — will be softened by the presence of spot Bitcoin .11 Bitcoin ETFs to be listed and traded on registered traditional exchanges. This landmark decision allowed skeptical traditional investors to include Bitcoin among their assets, increasing demand for the flagship crypto.
The third and fourth stages of the halving usually record falling Bitcoin prices, as mentioned above. This happens as the investors who opened shorts to ride the halving hype exit their positions.After these players leave the market, new investors who bought in for the hype get disappointed and leave their positions. All these factors mean one thing only: falling demand.
Institutional activity, particularly within Bitcoin ETFs, played a significant role in shaping market dynamics. Accounting for billions of dollars in trading volume, the ETFs successfully influenced the market sentiment toward a positive trajectory.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bitcoin hits $73K as BTC spot ETFs edge closer to overtaking Gold ETFs in AUMBitcoin (BTC) price has progressively forged north for the past several weeks, breaking past key barriers and inspiring bullish optimism among community members.
Baca lebih lajut »
BTC Price Rebounds Despite The Third Day of Outflows for Bitcoin ETFsCrypto Blog
Baca lebih lajut »
Bitcoin (BTC) Price Driven by "Bigger Forces" Than ETFs: Top AnalystBitcoin ETFs might not be the main driving force behind the Bitcoin price action
Baca lebih lajut »
How will Bitcoin ETFs affect the halving effect on BTC price?Bitcoin (BTC) spot ETF approval on January 10 gave a boost to its price and that of the general crypto market, sending the largest cryptocurrency to a new all-time high.
Baca lebih lajut »
Bitcoin (BTC) Collapses to $60K as ETFs Bleed $500 MillionBitcoin (BTC) is now on the verge of collapsing below the $60,000 level
Baca lebih lajut »
Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net InflowsShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Baca lebih lajut »