Bitcoin hits new $73.6k all-time high as ETF influx surpasses $1 billion Bitcoin reaches a new record high of $73.6k as investments in ETFs exceed $1 billion.

Placer din annonce her. Bitcoin’s price kept rising due to the recent increase of $1 billion flowing into US-based exchange-traded funds (ETFs) on Mar. According to CryptoSlate’s information, the leading digital currency reached a record high of $73,637, causing substantial losses of over $100 million for traders who were betting on its price in the previous day. This recent achievement signifies a consistent increase, as BTC’s value has gone up by around 10% in the last week and an impressive 783% in the last 30 days. Significantly, these sudden price increases are happening at a crucial time in Bitcoin’s history as it prepares for the eagerly awaited halving event that is projected to increase the asset’s scarcity. Additionally, the surge in prices means that all Bitcoin holders, including newcomers to the market, are now experiencing profits. CryptoSlate also mentioned that the leading cryptocurrencies could potentially experience further increases in value. Recent price fluctuations have caused most leveraged positions above $66,000 to be closed out, creating a strong support level for organic price growth above this threshold. According to data from Farside, there is continued interest in Bitcoin ETFs, with significant inflows exceeding $1 billion in a single day in March. The top performer of the Newborn Nine is the iShares Bitcoin ETF (IBIT) from BlackRock, which saw an unprecedented influx of $849 million. This increases its overall assets being managed to $15.4 billion, with the fund owning 215,000 BTC. Additionally, ARK Invest’s ARKB and VanEck’s BRRR experienced net gains of $92.96 million and $82.93 million, respectively.