Bitcoin soars to record-breaking price of $73,000
Blackrock, the leading issuer of Bitcoin ETFs, has achieved a significant milestone today. Within a mere two months of its launch, the IBIT ETF has successfully accumulated 200,000 Bitcoin under its management. This remarkable achievement has further fueled the surge in BTC’s prices, with bullish investors growing increasingly optimistic about the digital currency reaching $100,000.
However, despite reaching a new all-time high, BTC’s daily trading volume has experienced a slight decline of 5%. This indicates that traders are still holding onto their assets, potentially anticipating further price increases in the near future.
These trends will undoubtedly play a crucial role as the largest cryptocurrency approaches its fourth halving event, scheduled to take place next month. If the current demand ratio continues to persist, the immediate supply shock caused by the halving could have a significant impact on BTC’s prices. It is essential to closely monitor these developments as the market dynamics unfold.
