Bitcoin reached an all-time high of $108,955.10, bolstered by increasing institutional interest and liquidity in the markets. This month, the cryptocurrency has appreciated over 16%, driven by the adoption of spot bitcoin ETFs and a resurgence of funds into equity markets. As concerns about federal deficits and global instability grow, bitcoin is seen as an alternative store of value alongside gold. The steady demand, with only minor outflows from ETFs, underscores the confidence investors have in bitcoin's future.
Bitcoin's surge to $108,955.10 highlights its allure as both a speculative asset and a digital safe haven amidst changing economic climates.
Cumulative inflows into bitcoin ETFs have surpassed $40 billion, with minimal outflows, reflecting strong confidence in its long-term value.
Collection
[
|
...
]