Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-hits-record-peak-as-investor-interest-soars" rel="noopener noreferrer nofollow">Bitcoin Hits Record Peak as Investor Interest Soars</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/insightful-analysis-cryptocurrency-expert-anticipates-major-uptrend-for-moonriver-and-highlights-potential-in-solana-and-sei" rel="noopener noreferrer nofollow">cryptocurrency</a> <a href="https://en.bitcoinhaber.net/bitcoin-rebounds-to-core-trading-zone-as-week-closes" rel="noopener noreferrer nofollow">Bitcoin</a> has seen a remarkable surge, hitting an all-time high as investor interest and capital inflow grow exponentially. Surpassing the $71,000 threshold, the digital currency has been buoyed by spot Bitcoin ETF funds and burgeoning investor enthusiasm.</p>
<h2 id="investor-sentiment-skyrockets">Investor Sentiment Skyrockets</h2>
<p style="text-align: justify">Recently, Bitcoin’s market valuation soared to unprecedented levels, triggering a surge in investor sentiment. The Crypto Fear and Greed Index, a barometer of investor sentiment, indicated extreme greed, the highest since early 2021. This optimism persists despite economic challenges that typically dampen market confidence.</p>
<h2 id="spotlight-on-bitcoin-metrics">Spotlight on Bitcoin Metrics</h2>
<p style="text-align: justify">On the trading front, US exchanges experienced robust activity with the opening trades of spot Bitcoin ETFs, notably from BlackRock and Fidelity, reaching hundreds of millions. Simultaneously, Bitcoin’s presence on exchanges has dwindled to a low not seen since 2018, hinting at a withdrawal trend among holders.</p>
<p style="text-align: justify">Institutional investment has been pivotal, with 2024 seeing a staggering $10.3 billion poured into the crypto market, nearing the total for 2021. Bitcoin, in particular, has attracted the lion’s share of these inflows, with its assets under management significantly overshadowing other cryptocurrencies.</p>
<p style="text-align: justify">Moreover, Bitcoin’s widespread adoption is evident from the growing number of wallets maintaining Bitcoin holdings, which has consistently stayed above 51 million. The health of these wallets looks promising, with most addresses showing profitability owing to the steady monthly price climbs, reinforcing bullish sentiment for Bitcoin’s future trajectory.</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-hits-record-peak-as-investor-interest-soars" rel="noopener noreferrer nofollow">Bitcoin Hits Record Peak as Investor Interest Soars</a></h5>

Bitcoin Hits Record Peak as Investor Interest Soars

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