Bitcoin ETF

Wednesday

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-70000-mark/" data-wpel-link="internal">Bitcoin Surges Past $70,000 Mark</a><br></p>
<p style="text-align: justify">The leading cryptocurrency <strong><a href="https://coin-turk.com/bitcoin-btc-binance-coin-bnb-ve-cardano-ada-fiyat-analizi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/analistten-umut-veren-bitcoin-tahmini" data-wpel-link="internal">BTC</a>)</strong> once again climbed above $70,000 at the start of this week, highlighting a widespread bullish sentiment. As <a href="https://en.coin-turk.com/analyst-claims-parabolic-rise-for-bitcoin-btc-ahead-of-halving/" data-wpel-link="internal">Bitcoin</a>‘s price rose from the previous week’s low of $60,000, other major altcoins like <a href="https://coin-turk.com/piyasa-yonunu-yeniden-yukari-cevirdi-ethereum-eth-kritik-direnc-seviyesine-yaklasti" data-wpel-link="internal">Ethereum</a>, Solana (SOL), <a href="https://en.coin-turk.com/binances-challenging-year-amidst-regulatory-issues-and-intensified-competition/" data-wpel-link="internal">BNB</a>, and <strong><a href="https://en.coin-turk.com/dogecoin-continues-to-attract-market-attention/" data-wpel-link="internal">DOGE</a></strong> continued their upward trends together.</p> 
<h2 id="bitcoin-s-70-000-level">Bitcoin’s $70,000 Level</h2> 
<p style="text-align: justify">The total market value surpassed $2.8 trillion but retreated to $2.77 trillion on Wednesday due to a minor fluctuation, a 1.6% decrease. <strong>Bitcoin</strong> is trading around $70,069 and has gained 11% in value over seven days. The interest in the rising trend may be waning as the trading volume decreased by 24% to $33 billion.</p> 
<p style="text-align: justify">The Bitcoin futures market has returned to its previous upward trend after a sell-off from an all-time high just above $73,000 down to $60,000. Investors temporarily lost confidence in the bullish trend, reflected by the drop in open positions to $31.58 billion on March 20th.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334031 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-11.png" alt="" width="2048" height="720"></p> 
<h2 id="bitcoin-and-analytics-firms">Bitcoin and Analytics Firms</h2> 
<p style="text-align: justify">According to crypto analytics firm <strong>Coinglass</strong>, current open positions have reversed the trend surpassing $35 billion, indicating that interest in the rise is gradually resuming. Whales are on the rise not only in ETFs but also in standard blockchain transactions. According to <strong>IntoTheBlock</strong>, transactions considered large, at least $100,000, exceeded 26,000 and contributed to the upward momentum behind Bitcoin’s price.</p> 
<p style="text-align: justify">Data from SoSoValue suggests that after a few days of poor performance in the Bitcoin ETF sector, investors seem to be returning, with the total daily net entry reaching $417.98 million as of March 26th. BlackRock’s IBIT and Fidelity’s FBTC were among the top-performing ETF products, with Ark Invest and 21Shares not far behind. If this commendable buying in <strong>ETFs</strong> continues before the Bitcoin halving, the momentum for a breakout targeting $80,000 could continue to build.</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-surges-past-70000-mark/" data-wpel-link="internal">Bitcoin Surges Past $70,000 Mark</a></h5>

Bitcoin Surges Past $70,000 Mark

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