Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
Bitcoin ETF news
The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
The iShares Bitcoin Trust (IBIT) saw a rare day of outflows before Bitcoin went on to hit a new all-time high.
Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
The ETN will trade on Euronext Amsterdam and Euronext Paris and will be available in 15 countries.
The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.