⚡Bitcoin reaches historic price milestone
Bitcoin surged to $103.8k today, reaching a new all-time high milestone and dropped since then slipped slightly to $101k now. Connected with blockchain industry, Paul Atkins will be the new SEC chair, replacing Garry Gensler, stepping down in 2025. Atkins criticized the SEC on a stance about cryptocurrency businesses. Also, Trump said that Atkins ‘recognises that digital assets and other innovations are crucial to Making America Greater than Ever Before’.
Net inflows to US Bitcoin ETFs are still very high, yesterday at $501 million. Actually, average buying price of short-term Bitcoin holders is close to $75k, so those addresses are ‘sitting’ almost 35% unrealized gain on average; signalling that without very high inflows to the Bitcoin market, we can see the short term correction. However, currently, crypto is on a rising trend and ETFs activity signals very high interest from investors, fuelling ‘price discovery’ trend dominating at ATH.
In December, BlackRock ETF IBIT was the largest Bitcoin buyer. Source: Bloomberg Finance L.P.
Source: xStation5
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
