The 9 new Bitcoin ETFs traded a record $2.4b on Monday, with BlackRock's trading $1.3m.
This is the highest volume day since the $BTC ETFs launched. Source: Bloomberg, Eric Balchunas, Bitcoin Archive
JUST IN: BlackRock’s Bitcoin ETF just broke $1 Billion in trading volume for the day!
Source: Bloomberg, Eric Balchunas, Bitcoin Archive
The European Central Bank claims "Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation (...)"
"The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient." Whatever Lagarde and the ecb say, the harsh reality is that the euro has collapsed againt bitcoin as all fiat currencies did. Source: Aries V., Senior Investment Data analyst at Fidelity
The bitcoin supply squeeze explained in a few sentences and one chart
272,000 Bitcoin bought in the last 28 days by ETFs. Meanwhile only 25,200 $BTC were mined! Yes, GBTC outflows are still a concern, but at some point that will have to end. Assuming this number stays consistent (or possibly even increases) with roughly ~2 million BTC on exchanges (based on today's liquidity), that would mean that in about 8 months time there would literally be ZERO BTC available for sale!!! And not mention the halving in 3 months will cut this amount to just 12,600 BTC mined in the same amount of time. (Source: CryptoZombie)
JUST IN: Reddit converted its excess cash into Bitcoin $BTC and Ethereum $ETH
Source: Barchart
CME Group Debuts Bitcoin, Ethereum Futures For Europe
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month, answering surging demand in the derivatives market. The Chicago-based trading firm announced on Tuesday that it would launch the crypto futures for the European market due to the popularity of U.S. dollar-denominated counterparts. The futures will launch on March 18, pending regulatory review. source : decrypt
Bitcoin became fastest assets to reach a $1 Trillion Market Cap🚨
Source: bitcoinlfgo
Bitcoin is over $50k and retail trading volume on Coinbase is still 85% off its high.
Source: Bloomberg, Sam Callahan
