Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin is on track to record its largest monthly gain, nearly $20,000, in February.</li>
 <li>U.S. spot bitcoin ETFs witnessed a record net inflow of $673.4 million.</li>
</ul>
<h2 id="bitcoin-s-historic-monthly-gain">Bitcoin’s Historic Monthly Gain</h2>
<p>Bitcoin is set to close February with an unprecedented gain of nearly $20,000 since the start of the month. This is the largest monthly increase the digital asset has ever seen, as per Coingecko data. The February green candle for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, as depicted on candlestick price charts, is nearing the $20,000 mark, specifically registering at $19,976. The second-largest monthly candle was in October 2021, reaching $17,978, followed by February of the same year, with a length of $15,467.</p>
<p>Candlestick charts are a popular tool among investors and analysts for analyzing price movements and trends in financial markets.</p>
<h2 id="record-inflow-into-bitcoin-etfs">Record Inflow into Bitcoin ETFs</h2>
<p>The notable surge in Bitcoin’s price coincides with U.S. spot bitcoin exchange-traded funds (ETFs) setting a new record for net inflow. On Wednesday, they generated an inflow of $673.4 million, surpassing the previous high of $655.2 million recorded on their launch day, January 11. The IBIT spot bitcoin ETF by BlackRock led the inflow, adding $612.1 million, marking the highest inflow to date, according to data from BitMEX Research.</p>
<p>Jasper De Maere, Research Lead at Outlier Ventures, suggests that the rise in Bitcoin’s price is due to a decrease in selling pressure from Grayscale’s converted GBTC fund. He stated, “February has seen strong institutional bitcoin buying. We’ve regularly seen days with $500 million inflows into bitcoin ETFs throughout the month.”</p>
<p>De Maere anticipates that Bitcoin’s rally will continue, propelled by institutional adoption, a supportive macroeconomic environment, and enthusiasm about Bitcoin’s ecosystem innovation. Stijn Paumen, CEO of Helio, noted that Bitcoin’s current price is just 8% below its all-time high of over $68,000, achieved in November 2021. He said, “We are close to Bitcoin’s all-time high with two months to go before the halving cycle begins.”</p>
<p>The largest digital asset by market cap has risen by over 3% in the past 24 hours, trading at $63,000. The GM 30 Index, which represents a selection of the top 30 cryptocurrencies, has increased by 4.79% to 133.45 in the past 24 hours.</p>

Bitcoin Nears Unprecedented Monthly High in Trading History

목차

crypto.ro global

2024년 2월 29일에 게재된 다른 기사

Gemini Reaches Settlement in New York, Will Credit Back All Earn Customers

Ripple Allegedly Used Bots To Manipulate XRP Price: Court Docs

Spot Bitcoin ETF: BlackRock To Launch IBIT In Brazil

Bitcoin’s (BTC) Rally Ushers in the Altcoin Era: Ethereum (ETH), Solana (SOL), and More Set to So...

Reli Ethereum Digadang Bakal Jadi Pemicu Bull Run Altcoin Lain, Ini Alasannya

XRP Price Surge: Can It Reach $1 Again?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!