Tag: High

Bitcoin’s all-time high leads to record $600m liquidity depth

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The depth of the Bitcoin market reached a record $600 million, coinciding with Bitcoin’s recent all-time high. Experts added that this situation indicates traders are taking profits as the historical maximum is renewed. On March 4, open interest in Bitcoin (BTC) perpetual contracts jumped nearly $2 billion to a multi-year high of $15 billion before falling $1.4 billion the next day. Experts concluded that the preservation of financing rates near the peaks indicates the stability of demand for the asset. However, on-chain analysis showed a relatively slow increase in new…

Bitcoin hits new all-time high at $73k 

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Bitcoin briefly touched $73,000 today before facing a correction and dropping below $72,000.  The largest cryptocurrency is up nearly 50% this month and has set new weekly peaks. Several factors are driving BTC’s bullish rally. Earlier today, Thailand’s SEC gave asset management firms the green light to launch spot Bitcoin ETFs. At the same time, the London Stock Exchange announced that it will start accepting applications for Bitcoin exchange-traded notes (ETN) in the upcoming quarter.  The largest Bitcoin ETF issuer, Blackrock, also reached a milestone today. The IBIT ETF achieved…

UK Regulators Greenlight Crypto-Based Exchange Traded Notes (ETNs) As Bitcoin Hits New All-Time High

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Financial regulators in the United Kingdom are allowing applications for crypto-based exchange-traded notes (ETNs), according to a new announcement. In a Monday press release, Britain’s Financial Conduct Authority (FCA) said that it has approved the sale of crypto and Bitcoin (BTC) ETNs for professional investors. ETNs in the UK are defined as bonds issued by financial institutions that track the performance of underlying assets. According to the FCA, any potential crypto retail ETNs will not be available for retail investors as it would be unsafe and “ill-suited” for them. Says…

Bitcoin (BTC) Price Sets New All-time High above $72,280

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Bitcoin (BTC) price has surged above the $72,000 milestone on March, 11 2024, sparking early signals of another bullish outing in the week ahead.  Bitcoin price continues its blistering 2024 performance, soaring above the $72,000 milestone on around 12:00 GMT on March 11, adding over $100 billion to its market cap within the last 72 hours. Bitcoin (BTC) price action January to March 2024 | Source: TradingView As Bitcoin price reached a new all time-high of $72,286.9, its market cap soared to $1.4 trillion for the first time ever, bringing…

Bitcoin (BTC) Surpasses $71K, Reaches All-Time High

Indian cryptocurrency investment platform Mudrex plans to offer U.S. spot bitcoin exchange-traded funds (ETFs) to institutional and retail investors in India, CEO and co-founder Edul Patel said. “This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know,” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform…

Bitcoin Pushes Past $71,000 to Make a New All-Time High

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Bitcoin’s price has reached a new all-time high, surpassing the $71,000 mark with the rally still in progress. Over a period of six days, the world’s leading cryptocurrency has seen a more than 40% increase in value, bringing it close to surpassing the $72,000 threshold. The milestone comes approximately 39 days before the anticipated Bitcoin […] Original

Bitcoin blasts past $71.5k setting new all-time high

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On Mar. 11, Bitcoin touched a new record at $71,500 high, fueled by investors pouring more liquidity into the market. The price of Bitcoin (BTC) quickly surged to a new all-time high at $71,569 (on BitMEX), breaking the record it set just a few days ago. As a result, Bitcoin‘s market capitalization has neared $1.4 trillion, as per data from CoinMarketCap. Bitcoin prices on Korean exchanges | Source: Coinranking Additionally, data from Coinranking revealed a substantial increase in Bitcoin prices on South Korean crypto exchanges, exceeding the $75,000 mark mainly…

Bitcoin Blasts Past $70,000 to Register New All-Time High

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The price of bitcoin has shattered records by briefly surging past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency experienced a steady climb throughout the week with a sustained 12% rally, aided by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. At the time of writing, Bitcoin has settled within the $69K level, and trading at $69,436 with a 2% gain the last 24 hours, data from Coingecko shows. Bitcoin reached a peak of $70,171, surpassing its previous…