Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-as-demand-outstrips-supply/" data-wpel-link="internal">Bitcoin Price Surges as Demand Outstrips Supply</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/gorunen-koy-kilavuz-istemiyor-detayli-bitcoin-btc-teknik-analizi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/altin-rekor-kirdi-btc-nasil-tepki-verecek" data-wpel-link="internal">BTC</a>)</strong> price reached the level of $63,000 following the transactions made on Thursday. The bullish sentiment in trading was supported by an increase in <a href="https://en.coin-turk.com/bitcoin-surpasses-44000/" data-wpel-link="internal">Bitcoin</a> ETF inflows and investors’ appetite for risk. Here are the details!</p> 
<h2 id="excess-demand-for-bitcoin">Excess Demand for Bitcoin</h2> 
<p style="text-align: justify">Bitwise CIO Matt Hougan stated in an interview with Yahoo Finance that there is currently an excess demand and supply shortage for Bitcoin. While there is a supply shortage in the OG cryptocurrency, the likelihood of people paying large sums for a small part of token risk may increase. Matt Hougan also added that the upcoming Bitcoin halving will further change the demand and supply dynamics for Bitcoin. In such a case, it is likely that Bitcoin supply will remain lower than demand. If these data continue in the same way, after the halving takes place, this situation could likely provide a good increase in prices.</p> 
<p style="text-align: justify">On February 28, spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of $673 million. This milestone was the largest inflow since the US SEC approved spot Bitcoin ETFs in January. A massive trading volume of $8 billion was reported by all spot <a href="https://en.coin-turk.com/bitcoin-starts-the-week-at-26000-amid-negative-sentiment/" data-wpel-link="internal">BTC</a> ETFs led by BlackRock. Considering the recent increase in Bitcoin price and the growing demand for ETFs, the upward momentum could continue for some time.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-321440 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-13.jpg" alt="" width="1320" height="667"></p> 
<h2 id="trading-volume-increases-in-bitcoin">Trading Volume Increases in Bitcoin</h2> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/ethereum-yorumlari-eth-usd-teknik-analizi-16-09-2020-2" data-wpel-link="internal">Ethereum</a></strong> and BTC’s return on investment (ROI) is higher than other assets like gold, oil, stock markets, and other tokens, leading Wall Street investors to pour capital into Bitcoin ETFs. The <a href="https://en.coin-turk.com/bitcoin-price-stabilizes-around-43000-as-crypto-market-remains-calm/" data-wpel-link="internal">Crypto</a> Fear and Greed Index reached a four-year high closure compared to previous ones. Currently, the market exhibits “Extreme Greed” with levels around 80. BTC’s price previously surpassed $63,000 and is currently only a small percentage behind the peak of $68.7 thousand set 27 months ago. Additionally, there was a 150% increase in trading volume in the last 24 hours. This increase may indicate that investors are showing more interest in joining the BTC bandwagon.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-surges-as-demand-outstrips-supply/" data-wpel-link="internal">Bitcoin Price Surges as Demand Outstrips Supply</a></h5>

Bitcoin Price Surges as Demand Outstrips Supply

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