Bitcoin’s volatility hit a yearly high as the cryptocurrency clocked a new record price. by Casey Wagner /. March 6, 2024 10:18 am. BlackRock CEO Larry Fink | World Economic Forum / Greg Beadle/”Global Economic Outlook” (CC license). As bitcoin surged to a fresh all-time high Tuesday, BlackRock’s bitcoin ETF clocked a record $788 million in inflows.. Bitcoin topped $69,170 Tuesday morning in New York, the highest recorded price in more than two years. The largest cryptocurrency posted a mild correction later in the day, losing as much as 14% to just briefly dip just below $60,000, but analysts say the expected pullback is no reason to panic.. “If yesterday’s moves permanently scared away many who do not want this kind of action in their portfolios, then that is good news for them and for the market,” Noelle Acheson, author of the Crypto is Macro Now newsletter, said. “The damage could have been worse had the price run up further and faster, bringing in even more retail participants convinced the only risk was in missing out.”. Read more: Bitcoin loses 11% after hitting new record, but interest remains, analysts say. Bitcoin’s volatility is hitting a year-high, according to the 30-day rolling annualized index, a sign, Acheson said, that price swings are not abnormal, “it’s just been a while.”. Bitcoin (BTC) was trading around 2% lower at $66,390 at time of publication after nearly hitting $69,000 earlier in the day.. The iShares Bitcoin ETF (ticker IBIT) also topped charts for trading volume Tuesday, hitting a record $3.7 billion in value traded at the close. Volumes for the Grayscale Bitcoin Trust ETF (GBTC) and the Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $2.8 billion and $2 billion, respectively.. Following bitcoin ETFs? Stay up to date with our bitcoin ETF tracker.. Stocks opened higher Wednesday after Tuesday’s tech-driven selloff, with the S&P 500 and Nasdaq Composite posting gains of 0.7% and 0.9%, respectively, after the bell.. The early moves come ahead of Federal Reserve Chairman Jerome Powell’s testimony before the House Financial Services Committee Wednesday. Powell’s Washington tour continues Thursday when he is scheduled to head to the Senate Banking Committee.. “The internals of [Tuesday’s] decline suggest that investors are not worried about a shift in monetary policy, but rather just taking a bit off the table after Tech’s recent gains,” Nicholas Colas, co-founder of DataTrek Research, said.. Don’t miss the next big story – join our free daily newsletter.. Tags. bitcoin etf. BlackRock. BTC. ETFs. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. A source close to Grayscale told Blockworks that the fund was seeded with Grayscale capital on Oct. 2, 2023. by Katherine Ross /. March 5, 2024. The 10-fund segment saw trade volumes amounting to roughly $9.5 billion on Tuesday — beating the record set on Feb. 28. by Ben Strack /. March 5, 2024. EigenLayer’s TVL has reached $11.24 billion, per DeFiLlama. by Bessie Liu /. March 5, 2024. Even with the correction, bitcoin has managed to stay above $60,000, a resistance level analysts say shows interest remains high. by Casey Wagner /. March 5, 2024. The SEC’s civil trial against Kwon is scheduled to kick off in New York on March 25, with or without the defendant. by Casey Wagner /. March 5, 2024. The bear market may have been grueling but bitcoin rushed back to record highs far quicker than previous cycles. by David Canellis /. March 5, 2024