On Tuesday, it reached a historic peak once again. Bitcoin, which increased by 9% in the last 24 hours, reached a new record by reaching $ 89,500.$BTC
Dogecoin attracted attention by recording a 45% increase in the same period, ranking among the top 10 cryptocurrencies, while major altcoins such as Ethereum (ETH), Solana (SOL) and Binance Coin (BNB) fell behind Bitcoin.
This strong price increase in Bitcoin is parallel to US-based spot Bitcoin ETFs. According to CoinGlass data, a total of $1.12 billion in investment inflows were realized in 11 recently traded spot funds. BlackRock’s IBIT fund is in the lead with $763 million inflows. Fidelity’s FBTC fund is in second place with $135 million inflows.
Bloomberg’s ETF analyst Eric Balchunas announced that BlackRock’s spot Bitcoin ETF broke a record in daily trading volume as Bitcoin surpassed $88,000. According to Balchunas’ statement on the X platform, BlackRock’s spot Bitcoin ETF managed to reach a trading volume of $4.5 billion in one day.
The continued rise in Bitcoin prices following Donald Trump’s victory in the US presidential election has created a generally positive atmosphere in the crypto market. Spot Bitcoin ETFs and crypto-related companies such as MicroStrategy have also seen their stock prices rise, with their expectations rising.
Last week, following Trump’s election victory, BlackRock’s spot Bitcoin ETF saw net inflows of over $1.1 billion, breaking a single-day record.
