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#MarketSentimentToday Bitcoin Price Rises 5% in 24Hrs to $64k Bitcoin has risen beyond $64k and is up 5% in 24 hours on CoinMarketCap, one day before halving. After dealers' gloomy view, Bitcoin's price skyrocketed to over $64k in less than an hour. Bitcoin has risen over 5% in 24 hours, one day before the halving event. Bitcoin's price spiked following a day of losses. BTC is presently just over $64k on CoinMarketCap, up over 5% in 24 hours. As Bitcoin approaches its fourth halving in a day and a few hours, confidence is returning to the markets. Price changes for Bitcoin substantial volatility before halving After the geopolitical difficulties over the weekend, Bitcoin's price dropped then rebounded unexpectedly this week. The week started with optimism and a Bitcoin price increase after Hong Kong approved the first batch of Bitcoin and Ethereum ETFs. The announcement encouraged mainstream use of Bitcoin, crypto, and associated items. Marathon said the Bitcoin halving rally is factored in, while Galaxy has been positive about price accumulation before the event. However, Goldman Sachs experts warned about Bitcoin's price. Given current macro circumstances, they cautioned against extrapolating prior cycles and the halve event's significance. However, BlackRock remains bullish about Bitcoin and its usefulness. Jay Jacobs, the asset management firm's US Head of Thematics and Alternative ETFs, spoke about Bitcoin's potential in a video this week. Larry Fink, who previously discussed BlackRock's Bitcoin ETF, IBIT, said it was the fastest-growing ever. Eric Balchunas, Bloomberg's senior ETF analyst, addressed Bitcoin ETF prospects today. His letter brought optimism to traders who were pessimistic about BTC ETF outflows. According to Balchunas, this modest shift should not cause a “it’s so over” ETF mindset. He noted that the ETF category usually cools down after its fast speed, but the net flows are -$223M, which is barely 1% of the 10 net inflows since BTC ETFs launched. GBTC still drives the number, he said. #Megadrop #bitcoinhalving #BullorBear

#MarketSentimentToday

Bitcoin Price Rises 5% in 24Hrs to $64k

Bitcoin has risen beyond $64k and is up 5% in 24 hours on CoinMarketCap, one day before halving.

After dealers' gloomy view, Bitcoin's price skyrocketed to over $64k in less than an hour.
Bitcoin has risen over 5% in 24 hours, one day before the halving event.

Bitcoin's price spiked following a day of losses. BTC is presently just over $64k on CoinMarketCap, up over 5% in 24 hours.

As Bitcoin approaches its fourth halving in a day and a few hours, confidence is returning to the markets.

Price changes for Bitcoin substantial volatility before halving
After the geopolitical difficulties over the weekend, Bitcoin's price dropped then rebounded unexpectedly this week.

The week started with optimism and a Bitcoin price increase after Hong Kong approved the first batch of Bitcoin and Ethereum ETFs. The announcement encouraged mainstream use of Bitcoin, crypto, and associated items.

Marathon said the Bitcoin halving rally is factored in, while Galaxy has been positive about price accumulation before the event.

However, Goldman Sachs experts warned about Bitcoin's price. Given current macro circumstances, they cautioned against extrapolating prior cycles and the halve event's significance.

However, BlackRock remains bullish about Bitcoin and its usefulness. Jay Jacobs, the asset management firm's US Head of Thematics and Alternative ETFs, spoke about Bitcoin's potential in a video this week.


Larry Fink, who previously discussed BlackRock's Bitcoin ETF, IBIT, said it was the fastest-growing ever.

Eric Balchunas, Bloomberg's senior ETF analyst, addressed Bitcoin ETF prospects today. His letter brought optimism to traders who were pessimistic about BTC ETF outflows.

According to Balchunas, this modest shift should not cause a “it’s so over” ETF mindset.

He noted that the ETF category usually cools down after its fast speed, but the net flows are -$223M, which is barely 1% of the 10 net inflows since BTC ETFs launched. GBTC still drives the number, he said.

#Megadrop #bitcoinhalving #BullorBear

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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