US Edition
Bitcoin Hits All-Time High Amid Market Optimism
Bitcoin's market cap reached $2.5 trillion with $2.3 billion in ETF inflows during the US government shutdown, despite warnings of a possible correction.
- This past week, Bitcoin, the largest cryptocurrency, crossed $120,000 as the crypto market surged toward $4.14 trillion.
- U.S.-Listed spot exchange-traded funds pulled in over $2.3 billion since late September, while analysts say the U.S. government shutdown has boosted safe-haven demand and crypto buying.
- Derivatives data show record open interest in BTC futures at $32.6 billion, while CoinGlass reports $350 million in liquidations dominated by shorts and retail investors added about $200 million.
- Analysts warn a correction could follow the rally as institutions sell while retail buyers chase prices, and prominent crypto analyst TED keeps 70% in stablecoins, calling it `big money selling to small money`.
- Traders expect a sustained rally above $120,000 in the coming weeks, as technical targets at $124,000 could lead to a $141,000 high, analysts say.
67 Articles
67 Articles
der Standard AT
der Standard DEThe price of the oldest digital currency has almost doubled over the past year. However, other assets also benefit from the US government standstill.
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