Wall Street in Control?
The New 9 have successfully overtaken the position previously held by GBTC, indicating a significant shift in market dynamics. Similarly, IBIT has surpassed MSTR, further emphasizing the evolving landscap... in 8 weeks' time. source : fred krueger
Trading volume in US Bitcoin ETFs hit YTD highs of $8B as Bitcoin prices are up 59% YTD, after reaching a new all-time high.
The surge follows regulatory approvals for spot-Bitcoin ETFs and comes ahead of the anticipated halving event, reflecting significant shifts in crypto accessibility and investor interest. Source: Bloomberg, Beth Kindling
Radar🚨MicroStrategy MSTR just bought another $821 million Bitcoin
It now HODLs 205,000 $BTC bought for $6.9b MicroStrategy is now $7.7 Billion in profit on its Bitcoin investment. A return of 112% so far as Bitcoin breaks a new all-time high yesterday. 112% gains and still buying...
BIDEN BUDGET SEES US DEBT HITTING $45 TRILLION IN A DECADE
Do you think gold and digital gold trading at new all-time-highs is a coincidence? #store of value Source cartoon: hedgeye
‘Maybe I Should Buy Some Bitcoin’, Says Billionaire Hedge Fund Manager Bill Ackman
Pershing Square Capital Management founder and CEO Bill Ackman turned some of his attention to Bitcoin on Saturday afternoon, cheekily suggesting a scenario in which the price for the world's largest crypto could soar far higher than anyone might imagine. "Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues," said Ackman in a post on X. "Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses," he continued. "Maybe I should buy some Bitcoin." "The problem of course is that it also works in reverse," he later added. A scenario: Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues. Bitcoin… https://t.co/a5LzX69R7q — Bill Ackman (@BillAckman) March 9, 2024
ALERT -> $1,000,000,000 WORTH OF SHORTS WILL GET LIQUIDATED IF bitcoin $BTC HITS $75,000
Source: Ash Crypto
It took just 7 weeks for the iShares Bitcoin ETF to cross above $10 billion in assets, the fastest for an ETF ever.
The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in Nov 2004. $IBIT $GLD Source: Charlie Bilello
Bitcoin flips Silver as it breaks above $71,000 for the first time Ever
It's a milestone that Bitcoin has seen often since the beginning of March. It was only Friday afternoon when Bitcoin broke above $70,000 for the first time ever. Among the catalysts -> uk's financial watchdog said on Monday it will now permit recognised investment exchanges to launch crypto-backed exchange-traded notes, the latest regulator to pave the way for digital asset trading products. Theses products would be only available for professional investors such as investment firms and credit institutions authorised to operate in financial markets, the Financial Conduct Authority (FCA) said in a statement. Source: Decrypt, www.cnbc.com
