2024

Bitcoin

mirror

BlackRock

<p>The tumultuous saga of Bitcoin since its last all-time high in November 2021 has been fraught with challenges. Currently, the iconic cryptocurrency appears poised to revisit its peaks from three years ago, flirting with the $60,000 mark.</p>
<h2 id="h-bitcoin-at-60-000-just-hours-away">Bitcoin at $60,000, Just Hours Away?</h2>
<p>After fluctuating between $50,000 and <a href="https://www.cointribune.com/en/bitcoin-goes-up-and-down-52000-benchmark-soon-to-be-a-memory/" target="_blank" rel="noopener noreferrer nofollow">$52,000</a>, <strong>Bitcoin has reignited its upward trajectory</strong> to settle around <a href="https://www.cointribune.com/en/bitcoin-continues-its-ascent-and-reaches-57000-crypto-analysis-of-february-27-2024/" target="_blank" rel="noopener noreferrer nofollow">$57,000 yesterday</a>. However, judging by the latest data, this rise seems far from over.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is now above $59K.<br><br>Will it break $60K today? <a href="https://t.co/MyNTJcLZG9" rel="noopener noreferrer nofollow">pic.twitter.com/MyNTJcLZG9</a></p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1762763689982308450?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>Bitcoin is <strong>soaring rapidly</strong>, approaching $60,000 ($59,508 at 12:01 UTC+3) after starting the day at $57,000. But this surge is anything but smooth sailing. Within just 24 hours, the digital asset market has been rocked by <strong>a wave of liquidations amounting to approximately $250 million</strong>. <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a> reveals that <strong>short positions</strong> were particularly hit, totaling <strong>$140 million</strong>, while long side liquidations amounted to $100 million, with $70 million coming from short positions.</p>
<p>In the meantime, <strong>exchange-traded funds</strong> (ETFs) have recorded an exceptional day, marking their <strong>third-best performance</strong> in history. This trend illustrates the growing interest of institutional investors in Bitcoin, with record <strong>net inflows of $520 million</strong>, notably thanks to BlackRock.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/cointribune?a=2831A22E17" target="_blank" rel="noopener noreferrer nofollow">20€ de bonus pour votre inscription sur Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>
<p>But the turbulence doesn’t end there. <strong>Bitfinex </strong>has also seen the largest <strong>withdrawal of bitcoins</strong> since 2021, surpassing <strong>$240 million</strong>. This massive movement, equivalent to about 5,000 bitcoins, is largely attributed to the actions of industry’s big whales.</p>
<h2 id="h-record-influx-into-bitcoin-etfs-blackrock-takes-the-lead">Record Influx into Bitcoin ETFs: BlackRock Takes the Lead</h2>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Another intense volume day for the Nine with well over $2b traded. <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> broke its personal record again w/ $1.3b (for context that's more than most large cap US stocks trade). I don't know if this is a new normal or some kind of short-term algo/arb-related burst a la <a href="https://twitter.com/search?q=%24HODL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HODL</a>. <a href="https://t.co/KkCkdQKe9r" rel="noopener noreferrer nofollow">pic.twitter.com/KkCkdQKe9r</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1762589798827458693?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 27, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>Bitcoin ETFs are soaring high, with <strong>an impressive influx of $520 million into BlackRock’s IBIT</strong>, marking its third-best day since launch. Data from BitMEX shows that the total net inflows reached approximately $577 million, equivalent to 10,168 BTC.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>This uptrend is confirmed with an increase of about $55 million from the previous day, reports <a href="https://cryptoslate.com/insights/blackrocks-ibit-leads-with-record-520-million-inflow-3rd-best-day-since-launch/" target="_blank" rel="noopener noreferrer nofollow">CryptoSlate</a>.</p>
<p>BlackRock’s IBIT ETF dominates the pack with its record entry, bringing its total to <strong>$6.5 billion in net inflows</strong>. Fidelity’s FBTC follows closely with a solid net entry of $126 million, reaching a total of $4.5 billion.</p>
<p>These massive inflows into FBTC seem to mirror the outflows from GBTC, which have peaked at $7.6 billion after three consecutive days of minor outflows.</p>
<p>Combining the net inflows from the remaining seven ETFs, BitMEX reports an impressive amount of about $56 million, demonstrating the strength of the market. The total overall net inflows thus reach $6.7 billion, equivalent to about 134,000 BTC.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>Find in this article <a href="https://www.cointribune.com/en/bitcoin-the-reasons-behind-the-spectacular-rise-of-the-leading-cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">more explanations</a> behind this recent Bitcoin bull run.</p>

Bitcoin is approaching $60,000!

目次

Cointribune EN

2024年2月28日公開の他の記事

XRP Lawsuit: US SEC Request Judge Torres to Extend Remedies Briefing Deadlines in Ripple Case

Bitcoin Shatters All-Time High Against Multiple Fiats, Surpasses $59K Mark

Echelon Prime Prepares for Major Token Unlock Event

Bitcoin Analysts Predict Price Movements and Offer Trading Strategies

Vulcan Forged (PYR) (PYR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

2024’s Best Crypto Investment Unveiled: BlockDAG’s 5000x ROIs Beats Bitcoin and InQubeta’s Returns

ニュースレターを購読して暗号資産の最新情報を毎日入手！