On March 12, the spot ETFs hit a new record of $1 billion (over $14.7K BTC) in net inflow, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating at $849M.
Bitcoin price has rallied to a new all-time high above $73K, with about five weeks to the fourth halving, thus indicating heightened demand from institutional investors.
Heightened Bitcoin price volatility in the past 24 hours triggered over $349 million in crypto liquidation from leverage trading.
Bitcoin miners, who are currently receiving 900 coins per day, have significantly benefited from the recent BTC spike above $72,000 for the first time in crypto history.
Dimon expressed his well-known skepticism about Bitcoin, highlighting its uncertain use cases and involvement in illegal activities.
Trump’s remarks seemed to have been supportive in pushing Bitcoin towards a new high of more than $72,200.
MicroStrategy said the note offerings which were used to fund the acquisition of the 12,000 BTC were completed on March 8, 2024.
The recent surge in Bitcoin price, which saw a 2.6% increase in the past 24 hours, can be attributed to the success of spot Bitcoin ETFs.
The London Stock Exchange (LSE) stipulates that crypto ETNs must be physically backed and non-leveraged. Additionally, these assets must be held by a custodian compliant with Anti-Money Laundering regulations.
Having an eco-friendly Bitcoin that can be widely used will depend on overcoming such obstacles as accessibility and transparency in the green BTC market.
Macroeconomic factors have played a huge role in driving Bitcoin price higher.
Bitcoin and crypto rally to new highs as Bank of Japan spurs uncertainty with the possibility of interest rate hikes this month.
Pompliano noted that Bitcoin price has doubled immediately after breaking the prior all-time high in the past bull cycles.
The latest desktop version (1.63) of Brave Wallet introduces Native SegWit Bitcoin accounts, a cutting-edge feature that offers users lower transaction fees and enhanced error detection capabilities.
Bitcoin’s resurgence has also been fueled by increasing adoption on a global scale.