Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.
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United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.
In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448.
The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.
The Web3 Unleashed #2 hackathon features 15 finalists competing to drive blockchain innovation and connect with industry leaders in Dubai’s booming Web3 ecosystem.
Fidelity’s spot Ether ETF led the pack with $115.5 million worth of inflows on Nov. 11, while BlackRock, Grayscale and Bitwise’s Ether ETFs also saw inflows.
The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000.
The crypto exchange is one of the big winners from the United States elections on Nov. 5.
Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
MicroStrategy’s latest announcement shows that its Bitcoin holdings have reached 279,420 BTC, worth almost $23 billion.