menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Bitcoin hi...
source image

HinduBusinessLine

2w

read

51

img
dot

Image Credit: HinduBusinessLine

Bitcoin hits record $112,022 as ETF inflows, Fed signals fuel rally

  • Bitcoin hits a record high of $112,022 as Fed signals potential rate cuts by 2025, boosting market sentiment.
  • Increased interest in Bitcoin due to US debt levels and a weakened dollar index is driving the cryptocurrency's appeal among investors.
  • Ether experiences a selloff amidst positive market movements; over $1 billion flows into US spot Bitcoin ETFs with companies like BlackRock accumulating significant amounts of BTC.
  • Regulatory clarity, institutional capital inflows, and growing mainstream adoption are cited as key factors behind Bitcoin's recent surge, signaling a maturation of the asset class.

Read Full Article

like

3 Likes

For uninterrupted reading, download the app