US EditionBitcoin Hits All-Time High Amid Market Optimism
Bitcoin's market cap reached $2.5 trillion with $2.3 billion in ETF inflows during the US government shutdown, despite warnings of a possible correction.
- This past week, Bitcoin, the largest cryptocurrency, crossed $120,000 as the crypto market surged toward $4.14 trillion.
- U.S.-Listed spot exchange-traded funds pulled in over $2.3 billion since late September, while analysts say the U.S. government shutdown has boosted safe-haven demand and crypto buying.
- Derivatives data show record open interest in BTC futures at $32.6 billion, while CoinGlass reports $350 million in liquidations dominated by shorts and retail investors added about $200 million.
- Analysts warn a correction could follow the rally as institutions sell while retail buyers chase prices, and prominent crypto analyst TED keeps 70% in stablecoins, calling it `big money selling to small money`.
- Traders expect a sustained rally above $120,000 in the coming weeks, as technical targets at $124,000 could lead to a $141,000 high, analysts say.
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67 Articles
der Standard AT
der Standard DEThe price of the oldest digital currency has almost doubled over the past year. However, other assets also benefit from the US government standstill.
The Bitcoin Again Beats Its Historical Record of Quotation and Approaches the Turnover of the Silver
The closure of the US government has encouraged investors to take refuge in cryptocurrencies, which has allowed Bitcoin to reach a new record.
Bitcoin Skyrockets to $125k as Analysts Say US Government Shutdown Is the Fuel on the Fire
Bitcoin shattered its previous records over the weekend, soaring past $125,700 and pushing its market capitalisation beyond the $2.5 trillion milestone for the first time in crypto history. The surge has prompted analysts to call for a renewed accumulation phase, which could fuel a rally toward $150,000 before the end of the year.Macroeconomic Factors at PlayThe rally was supported by multiple macroeconomic factors, including the recent US gover…
Investors have already fallen in love with cryptocurrencies, even driving up the value of Pokémon cards.
The world's most famous cryptocurrency, Bitcoin, has climbed to a record high of more than $125,000. It is driven by political crises and the legendary "Uptober".
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