2024

Bitcoin ETF

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-to-new-highs/" data-wpel-link="internal">Bitcoin Price Surges to New Highs</a> 
<a href="https://en.coin-turk.com/how-to-make-money-in-cryptocurrency-tips-and-strategies/" data-wpel-link="internal">Bitcoin</a> price recently exceeded $49,000, marking a new high for 2024 at $49,140. After a drop to $38,555 following sales that started on January 11 at $48,969, the price has once again turned upwards. The positive outlook in spot Bitcoin ETFs is a fundamental reason for this rise. 
<h2 style="text-align: justify" id="why-is-bitcoin-rising">Why Is Bitcoin Rising?</h2> 
Spot Bitcoin ETF issuers, excluding GBTC, have reserves surpassing $10 billion. Net inflows are over $2 billion, and GBTC sales have fallen from $600 million to $52 million. These factors have laid the foundation for the spot Bitcoin ETF-supported increase. We have often discussed how ETF approvals would support a long-term rise for BTC. 
Moreover, experts had stated that even in the short term, significant losses would not be triggered. Although a $5 billion spot sale could have sparked a sell-off on false <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>, the ETF approval did not resemble other deals, partnerships, or announcements, so the sales did not last long. 
<img decoding="async" class="size-full wp-image-313853 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_18-31-07.png" alt="" width="1814" height="836"> 
Now, it is expected that the Bitcoin price will continue its rise to $52,000 and, with sustained closes above that level, aim for $60,000. Although there hasn’t been a significant increase in altcoins, it is likely that they will also start to rise when BTC begins to consolidate at higher levels. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-to-new-highs/" data-wpel-link="internal">Bitcoin Price Surges to New Highs</a></h5>

Bitcoin Price Surges to New Highs

목차

COINTURK NEWS

2024년 2월 12일에 게재된 다른 기사

Dymension Price Prediction: DYM Plunges 8% After 73% Weekly Pump As This Fascinating New Electric...

Online Money Making Mastery: 7 Ways to Earn Over $1,000 Monthly with Cryptocurrencies

Bitcoin's Bullish Mood Drives Altcoins Forward

Injective (INJ) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Altcoins Rally as Bitcoin Searches for New Peaks

Gensler assures Congress of SEC’s dedication to cybersecurity following breach

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!