Bitcoin's impressive multi-day surge has captured the interest of Wall Street, with billions of dollars flowing into cryptocurrency ETFs since early November and the recent U.S. elections. In a remarkable trading session, Bitcoin investors traded $1 billion of BlackRock’s IBIT fund within just the first 25 minutes of the U.S. market opening. This reflects a continuing trend led by Bitcoin that has encouraged both retail and institutional investment.
On November 12, initial trading volumes built upon staggering figures recorded the day before, when Bitcoin notched its largest single-day and weekly gains in its impressive 15-year history. The inflows into U.S. spot Bitcoin exchange-traded funds exceeded $1 billion for the second time this month, and by mid-November, Wall Street's spot Bitcoin ETF group reached a remarkable $90 billion in assets, just about 10 months after trading began.
Historically, it took Bitcoin nine years to first cross the $20,000 mark. However, in just the past week, it has soared an additional $20,000, now standing at an all-time high of $89,864. Analysts suggest that the token is poised to make a run towards $90,000, even as some long-term holders start to take profits.
Given this momentum, do you believe Bitcoin can break the $90,000 barrier soon, or will there be a pullback? Share your thoughts 👇🏻
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