Big news! The halving storm is imminent, and Bitcoin is soaring wildly! It rushed to $72,000 in early trading on Monday, and the historical high is within reach!
Crazy Bitcoin has ignited market enthusiasm again! As the halving countdown approaches, Bitcoin has shown strong momentum at the beginning of this week, soaring to an astonishing $72,000 in early trading on Monday, less than 3% away from the historical high of $73,750! This increase not only shocked global investors, but also made Bitcoin bulls excited!
Market data shows that Bitcoin, which was once trading at nearly $69,400 over the weekend, suddenly exerted its strength in the early hours of Monday and broke through the resistance level of $71,000. Then, shortly after 8 a.m. Eastern Time, Bitcoin hit a high of $72,780 in one fell swoop, which made everyone dumbfounded!
As of press time, the trading price of Bitcoin is still stable at around $71,145, with a 24-hour increase of up to 3.5%. This wave of rising market has not only caused the market value of Bitcoin to soar, but also boosted investors' confidence and made them optimistic about the future trend of Bitcoin.
The digital asset investment market is also showing a hot trend. Data released by Coinshares on Monday showed that digital asset investment products recorded an inflow of $646 million last week. Among them, Bitcoin-related investment products have become the focus of the market, with a total inflow of up to $663 million. At the same time, investment products that short Bitcoin have outflowed for the third consecutive week, totaling $9.5 million, showing that bearish investors are gradually surrendering.
James Butterfill, head of research at Coinshares, said: "The inflow of funds so far this year has reached an all-time high of $13.8 billion, which is currently far more than the $10.6 billion in 2021." This data further proves the popularity and market potential of digital assets such as Bitcoin around the world.
On-chain analysis company Santiment also pointed out that ETF trading activities remain at a relatively active level. The company's analysts said: "Bitcoin ETF trading volume has not slowed down four weeks after BTC broke through new highs. In ETFs such as GBTC, IBIT, FBTC, ARKB, BTCO, BITB and HODL, trader activity is still significantly higher than the turning point that began after retail trading began to pour in at the end of February."
The halving storm is coming, and the crazy surge of Bitcoin has undoubtedly brought great surprises and expectations to the market
