-
Bitcoin Hits $48,500 as Institutional Capital Boosts Prices
The recent surge in Bitcoin prices can be linked to a significant increase in investments from spot Bitcoin exchange-traded funds (ETFs), according to HODL15Capital. These ETFs collectively acquired an impressive 216,309 Bitcoins within just 21 days of their launch. It is valued at about $10.3 billion. This surge in institutional interest underscores growing confidence in Bitcoin’s legitimacy as an investment asset. Additionally, BTC has the potential to serve as a stable asset for preserving wealth and protecting against inflation during economic turbulence. At a time when analysts were predicting deep correction, ... (full story)
- Comments
- Subscribe
-
- Older Stories
From axios.com|Feb 11, 2024|2 commentsCelebrities aren't the only ones pouring into Las Vegas ahead of Super Bowl LVIII Sunday to watch the San Francisco 49ers take on the Kansas City Chiefs. The big picture: The game ...
From cnbc.com|Feb 11, 2024As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange ...
-
- Newer Stories
From fxdailyreport.com|Feb 11, 2024In a recent analysis, a prominent crypto analyst has offered insights into Bitcoin’s current trajectory and potential future movements. The analyst’s technical analysis (TA), ...
From nypost.com|Feb 11, 2024Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after ...
From cointelegraph.com|Feb 11, 2024Risky assets have been on a roll for several days. The S&P 500 Index has notched five successive weeks of gains, and Bitcoin also rose more than 13% this week, indicating ...
- Story Stats
- Posted: Feb 11, 2024 12:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 318
