BTC - Bitcoin Hits $56K Ethereum And Dogecoin Soar Too As Crypto Market Cap Soars Past $2T: Analyst Says $100K BTC 'Is A Magnet' | Benzinga
Cryptocurrencies saw a surge on Monday, as the largest cryptocurrency by market capitalization Bitcoin smashing through its major resistance level at $53,000.
What Happened: Several factors are currently driving the price movement of BTC. These include continuous spot Bitcoin ETF inflows, the halving, and the positive investor sentiment from both retail and institutional players.
Bitcoin skyrocketed to over $56,000 on Monday, reaching its peak price since November 2021.
Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) have achieved a daily record on Monday .The trading volumes for the nine ETFs reached $2.4 billion, surpassing the previous record of $2.2 billion set on the first trading day, which was on January 11.
It's official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com/MiCs1rzttM — Eric Balchunas (@EricBalchunas) February 26, 2024
Among the ETFs, BlackRock’s IBIT (NASDAQ:IBIT) garnered the highest volume on February 26 with $1.29 billion. Following closely, Fidelity’s FBTC secured the second position with a volume of $576 million.
Additionally, the ARK 21Shares (BATS:ARKB) and Bitwise BITB (NYSE:BITB) ETFs witnessed ...