Posted 2/14/2024, 10:36:41 AM
Bitcoin Soars Past $51K to Hit $1 Trillion Market Cap as Futures Interest, ETF Inflows Point to Potential New High
- Bitcoin price surges past $51K to reach $1 trillion market cap for first time since Dec 2021
- Bitcoin spot ETFs have seen over $3B in net inflows in first month, faster than other ETFs like gold
- U.S. Bitcoin ETFs now hold over 700K BTC after recent large inflows
- Bitcoin futures open interest at $22B, highest since Nov 2021 when BTC hit all-time high
- Growing speculation that Bitcoin could set new all-time high before April based on options activity