Quick News》Bitcoin breaks through the $50,000 mark! Return to price high point 2 years ago

This article is machine translated
Show original

Early this morning (13), the Bitcoin BTC spot quotation continued the Year of the Dragon market, breaking through the US$50,000 mark, surpassing the highest price when the spot ETF passed. Late at night on the 12th, Bitcoin began to surge from around US$48,800, with huge investors After buying it, it finally pulled over $1,000 within an hour, breaking through the $50,000 mark. Previously, when Bitcoin was at $50,000, it was Christmas Day on December 25, 2021.

According to Binance data, it exceeded US$50,000 at around 1 a.m. Taiwan time and climbed to US$50,154 by the time of writing.

Grayscale GBTC single-day net outflow hits record low

On the other hand, the data shows that the net outflow of Grayscale’s GBTC on the last trading day of this week was US$51.81 million, which also set a record low for GBTC’s single-day net outflow; while the other 9 Bitcoins except Grayscale currency ETF, the total net inflow in a single day was US$592 million.

The Bitcoin spot ETF with the largest single-day net inflow is BlackRock's IBIT, with a single-day net inflow of US$250 million, accounting for 42.2% of the total single-day inflow, followed by Fidelity's FBTC, with a single-day net inflow of US$250 million. The net inflow was approximately US$188 million, accounting for 31.7% of the total inflow.

The slowdown in Grayscale's selling pressure also indirectly made the market optimistic about entering the market and taking over Bitcoin, creating a happy event that exceeded US$50,000.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Add to Favorites