Bitcoin ETF

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-spot-etf-interest-and-halving-excitement-grow/" data-wpel-link="internal">Bitcoin Price Surges, Spot ETF Interest and Halving Excitement Grow</a> 
<a href="https://en.coin-turk.com/peter-schiffs-perspective-on-bitcoins-evolution-and-the-potential-impact-of-spot-bitcoin-etfs/" data-wpel-link="internal">Bitcoin</a>‘s price soared above $51,500, marking a significant 3% increase within the last hour and pushing its seven-day gains to over 20%. This surge followed a recent fluctuation where the price briefly fell to $48,000, and positions worth over $200 million were liquidated. The recent volatility highlights the risks associated with high leverage, while two particular factors seem to have played a key role in Bitcoin’s ascent above the $50,000 mark today. 
<h2 style="text-align: justify" id="strong-spot-bitcoin-etf-inflows-increase-strong">Spot Bitcoin ETF Inflows Increase</h2> 
At the beginning of January, the approval of multiple spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) marked a significant milestone for the cryptocurrency sector. Despite the initial sell-off following the SEC’s approval, the long-term impact of spot Bitcoin ETFs is becoming evident as investment flows into these traditional products continue to rise. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-314567" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-BTC-Yukselis.jpeg" alt="" width="1280" height="720"> 
Data shows that on February 13 alone, ETFs saw an influx of over $630 million, indicating growing interest in spot ETFs like IBIT and FBTC. Spot Bitcoin ETFs offer traditional investors easier access to BTC, presenting a recognized financial instrument within the broader traditional <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> ecosystem. 
<h2 style="text-align: justify" id="strong-excitement-surrounds-upcoming-bitcoin-block-reward-halving-strong">Excitement Surrounds Upcoming Bitcoin Block Reward Halving</h2> 
Another factor contributing to the bullish sentiment in Bitcoin is the anticipation surrounding the upcoming block reward halving. This event will cut the inflation rate of the Bitcoin network by 50%, reducing the reward miners receive per block in BTC and effectively decreasing the new supply of BTC. 
Historically, reduced supply has often led to increased demand and upward price pressure, with block reward halvings followed by significant bull runs. Investors seem to be positioning themselves ahead of the halving event to capitalize on potential gains, contributing to the current rally. 
As Bitcoin continues to demonstrate strength and attract investor interest, both the inflows into spot ETFs and the block reward halving factor emerge as key dynamics shaping the cryptocurrency market and directing price movements. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-spot-etf-interest-and-halving-excitement-grow/" data-wpel-link="internal">Bitcoin Price Surges, Spot ETF Interest and Halving Excitement Grow</a></h5>

Bitcoin Price Surges, Spot ETF Interest and Halving Excitement Grow

Table of Contents

COINTURK NEWS

Outros artigos publicados em 14 de fev. de 2024

Next Crypto Bull Run Coins For Massive Gains

Bitcoin Boom: 2024 Predictions Point to a Skyrocketing BTC Price Beyond $100,000

Galaxy Digital’s Mike Novogratz Cites US Debt Concerns as Bitcoin Support

Bitcoin Climbs Above $51,500 as Investment and Halving Anticipation Drive Market

Bitcoin Soars, Hitting New Biennial Peak as Market Cap Exceeds $1 Trillion

Popular Altcoin to List on New Exchange

Join our free newsletter for daily crypto updates!