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Price analysis 2/14: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE, LINK, DOT
Bitcoin’s market capitalization reached $1 trillion on Feb. 14, buoyed by the strong demand from the newly launched spot Bitcoin exchange-traded funds. Data shows the ETFs recorded more than $600 million in inflows on Feb. 13 alone. Bitcoin ETFs bought 10 times more Bitcoin than what miners produced on Feb. 12. Pomp Investments founder Anthony Pompliano said in an interview with CNBC that roughly $200 billion in Bitcoin is tradable as 80% of the total supply has been dormant. Pomp added that the Bitcoin ETFs have devoured 5% of Bitcoin’s entire tradeable supply within 30 days of their launch. The sharp rally in ... (full story)