Bitcoin ETF

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-climbs-to-63000-as-investor-demand-skyrockets">Bitcoin Climbs to $63,000 as Investor Demand Skyrockets</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-miners-sell-off-a-prelude-to-a-market-downturn">Bitcoin</a> (BTC) has soared to a new height of $63,000, following significant trading activity last Thursday. The surge in value is propelled by a notable uptick in Bitcoin ETF inflows and a robust appetite for risk among investors. Strong market sentiment indicates an optimistic outlook on the <a href="https://en.bitcoinhaber.net/hashkey-group-secures-key-singapore-payment-license-for-crypto-operations">cryptocurrency</a>‘s value trajectory.</p> 
<h2 id="market-dynamics-favoring-bitcoin-s-rise">Market Dynamics Favoring Bitcoin’s Rise</h2> 
<p style="text-align: justify">Bitwise’s Chief Investment Officer, Matt Hougan, disclosed in a Yahoo Finance interview that Bitcoin is experiencing a pronounced imbalance between robust demand and limited supply. With the supply of the pioneering cryptocurrency being squeezed, there is a growing probability of investors willing to commit substantial funds for fractional ownership. Hougan further pointed out that the anticipated Bitcoin halving event is set to further skew this demand-supply equation, potentially leading to an even tighter supply scenario and propelling prices upwards post-halving.</p> 
<h2 id="record-inflows-into-bitcoin-etfs">Record Inflows into Bitcoin ETFs</h2> 
<p style="text-align: justify">Data from February 28 highlights a record $673 million influx into spot Bitcoin exchange-traded funds, the most considerable single-day gain since the U.S. Securities and Exchange Commission (SEC) greenlit spot Bitcoin ETFs in January. BlackRock leads a whopping $8 billion trade volume across all spot BTC ETFs, signaling that the uptrend in Bitcoin’s price and the burgeoning demand for ETFs may sustain the bullish momentum.</p> 
<p style="text-align: justify">The allure of Bitcoin and <a href="https://en.bitcoinhaber.net/ethereum-price-analysis-important-support-and-resistance-levels-to-watch">Ethereum</a>‘s investment returns, outpacing traditional assets like gold, oil, and equities, has drawn Wall Street investors to capitalize on Bitcoin ETFs. The Crypto Fear and Greed Index has pointed to “Extreme Greed” in the market, with a peak level of around 80, not seen in the past four years. Bitcoin is approaching its all-time high, with a trading volume surge of 150% in the last day, suggesting that investor interest in Bitcoin continues to intensify.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-climbs-to-63000-as-investor-demand-skyrockets">Bitcoin Climbs to $63,000 as Investor Demand Skyrockets</a></h5>

Bitcoin Climbs to $63,000 as Investor Demand Skyrockets

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