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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Bitcoin is at its highest level in more than two years

    Rocky
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    • Post n°1

    Bitcoin is at its highest level in more than two years Empty Bitcoin is at its highest level in more than two years

    Post by Rocky Sun 11 Feb 2024, 7:04 am

    Bitcoin is at its highest level in more than two years

    Bitcoin is at its highest level in more than two years 41773



    money and business
       


    Economy News - follow up
    The largest cryptocurrency by market value continued the series of gains that started from the bottom of last March at $20,000, rising by approximately 140% in 11 months.
    Bitcoin has recorded successive rises since the announcement of the approaching approval of the US SEC to launch 10 immediate exchange-traded funds for the cryptocurrency, but it declined again following the official announcement of the approval.
    Bitcoin reached its highest levels in more than two years, specifically since the third week of December 2021, reaching the level of $48,190, according to the cryptocurrency data company Coin Market Cap.
    Meanwhile, bitcoin ETFs have attracted about $9 billion as of Thursday amid rising prices for the cryptocurrency.
    Inflows reached $405 million for the day, the third-largest total since the Securities and Exchange Commission approved the new products in early January, according to Bloomberg data. Grayscale's Bitcoin Trust GBTC was the most unusual, as it suffered outflows of more than $101 million to continue its losing streak. The data shows that without counting GBTC, inflows amount to $8.56 billion.
    “Net inflows on Friday are significant at over $400 million,” Bloomberg analyst James Seyphart wrote in a post Friday morning on the X social media platform.
    Seifart noted that 8 of the 10 ETFs that began trading on January 11 “got money” on Thursday and that the Fidelity Wise Origin Bitcoin Fund (FBTC) “officially” became the second fund to exceed $3 billion in assets under management after iShares Bitcoin. Trust from BlackRock.”
    In a note to investors earlier last week, cryptocurrency exchange LMAX Digital predicted that Bitcoin would surpass $50,000, hitting a "new yearly high," while other analysts were more optimistic.
    According to Bloomberg, the approaching halving event, which comes approximately every 4 years, was a strong driver for the rise, as the rewards for mining the most valuable cryptocurrency are scheduled to halve.
    Bitcoin is still about $22,000 below the record high the cryptocurrency set in 2021, during a pandemic-era bull run fueled by easy money.


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    Added 02/11/2024 - 1:57 PM
    https://economy-news.net/content.php?id=40352

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