Bitcoin ETF

Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-nears-record-high-as-altcoins-surge/" data-wpel-link="internal">Bitcoin Nears Record High as Altcoins Surge</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-btc-direncleri-test-ediyor-altcoinler-yukseliyor-piyasa-ne-vaat-ediyor" data-wpel-link="internal">Bitcoin</a> price was testing $66,395 at the time of writing, and altcoins were continuing the day with double-digit rises. On the other hand, <a href="https://coin-turk.com/tesla-aciklamasiyla-piyasa-sallandi-btcde-dip-goruldu-mu" data-wpel-link="internal">BTC</a> is now on the verge of reaching its all-time high (ATH) target, while the ETF channel is attracting impressive demand. If this hype remains strong, <a href="https://en.coin-turk.com/us-institutional-investors-amplify-bitcoin-accumulation-amidst-blackrocks-etf-application/" data-wpel-link="internal">Bitcoin</a> could reach the $69,000 peak in the coming hours.</p> 
<h2 style="text-align: justify" id="bitcoin-approaches-historic-peak">Bitcoin Approaches Historic Peak</h2> 
<p style="text-align: justify">The king cryptocurrency is now just a stone’s throw away from its ATH level. The price, nearly at the peak, will surpass its historic high seen in November 2021 with an additional increase of $2,800. Moreover, the halving has not yet occurred, the Fed has not started lowering interest rates, and a new investor influx has not yet begun.</p> 
<h3 style="text-align: justify" id="spot-bitcoin-etfs">Spot Bitcoin ETFs</h3> 
<p style="text-align: justify">Only one hour had passed since the US markets opened at the time of writing. However, BlackRock’s Spot Bitcoin ETF had already reached a trading volume of $675 million. It wasn’t long ago that we were excited about daily volumes of $3 billion. If this interest in the ETF channel continues, we could see a cumulative volume record pushing beyond $8 billion in the coming hours.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322833 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Spot-Bitcoin-ETFler-4-Mart.png" alt="" width="682" height="496"></p> 
<h3 style="text-align: justify" id="bitcoin-in-ninth-place">Bitcoin in Ninth Place</h3> 
<p style="text-align: justify">With a market value exceeding $1.3 trillion, <strong>Bitcoin</strong> is now ranked ninth among the world’s most valuable assets. If it increases by another 10%, it will leave Silver behind. Considering the chaotic days of November 2022, March 4, 2024, seems like a dream come true for investors.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322834 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-En-Degerli-Varliklar.jpg" alt="" width="1595" height="730"></p> 
<h3 style="text-align: justify" id="volumes-are-increasing">Volumes Are Increasing</h3> 
<p style="text-align: justify"><strong>Bitcoin’s price</strong> has risen above $66,000, signaling a volume record in the ETF channel. However, the excitement is also reflected in the trading volumes on cryptocurrency exchanges. The cumulative value of cryptocurrencies, exceeding $2.46 trillion, is supported by a daily volume of $131 billion. Compared to the previous day, the volume has increased by a full 41.8%. With the Bitcoin Dominance Index (BTCD) at the 53% threshold, and Bitcoin consolidating at the top, there is a lot of room for growth for altcoins.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322835 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Hacim-Kripto.png" alt="" width="1526" height="492"></p> 
<p style="text-align: justify">Lastly, the fear and greed index has risen to a level of 86.4. While Google trend data still does not reflect the investor enthusiasm for <a href="https://en.coin-turk.com/another-etf-application-under-review-will-sec-greenlight-spot-bitcoin-etfs/" data-wpel-link="internal">BTC</a>, we are experiencing interesting days before the halving. If historical data repeats itself after April 20, this year’s six-figure target for BTC could easily be surpassed.</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-nears-record-high-as-altcoins-surge/" data-wpel-link="internal">Bitcoin Nears Record High as Altcoins Surge</a></h5>

Bitcoin Nears Record High as Altcoins Surge

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