Bitcoin breaks $59k, Ethereum reaches $3.3k, IBIT trading volume hits record highs.
In the afternoon session, Bitcoin broke through $59,000, and Ethereum surpassed $3,300, with the top ten cryptocurrencies all rising. The trading volume of the US Bitcoin spot ETF in the stock market is strong, and IBIT once again broke the trading volume record, reaching $1.3 billion.
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Bitcoin Leads Surge Breaking $59k
Bitcoin's price has surged from $56.6k to $59.4k in the past 24 hours, marking a 4.5% increase, while Ethereum has also shown strength by breaking the $3.3k price line today, with a 2.7% increase.
Top 10 cryptocurrency price changes:
US Bitcoin Spot ETF Trading Volume Unabated
According to US stock analyst Eric Balchunas' tweet, the Bitcoin Spot ETF had another day of strong trading volume yesterday, with transactions exceeding $2 billion. BlackRock's IBIT alone reached a trading volume of $1.3 billion, breaking its own record, surpassing the trading volume of most US stocks.
On the other hand, IBIT's individual stock trading volume suddenly exceeded 100,000 transactions. Prior to this, its trading volume had been maintained between 30,000 and 60,000 transactions, indicating the growing interest in cryptocurrency investments.
Benchmark gives MicroStrategy MSTR a buy rating with a target price of $990.
Related
- Meng Yan: The bull market has begun, A-shares are just the beginning, the altcoin season will depend on the outcome of the US election.
- Tether: USDT Injects New Life into High Inflation Countries, the Best Partner for the US Dollar
- Taiwan's Financial Supervisory Commission (FSC) allows professional investors to invest in foreign virtual asset ETFs, Taiwanese institutions may invest in Bitcoin.