Why is Bitcoin price up? The price of BTC hits $67000
While Bitcoin is getting closer to its record from two years ago with every passing day, the $67,000 level has also been seen as of today.
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Bitcoin sees withdrawals of $2.3B on exchanges as BTC is hurtling toward its record high of $69,000
Today, Bitcoin reached the $66,000 level again, while on-chain data shows a rapid BTC outflow from exchanges. It is seen that the value of Bitcoin taken out of the exchanges on Friday alone was $2.3 billion. The outflow of cryptocurrencies from exchanges is seen as the biggest sign that investors do not plan to sell in the short term.
About $3 billion in token unlocks scheduled for March
The month of March will be busy in terms of token unlocks. A total of approximately $3 billion worth of tokens in 12 different tokens will be unlocked and released to the market. With $2.2 billion worth of unlocks, ARB accounts for the majority of this figure.
Bitcoin options market is heating up: “We could see violent move”
The options market in Bitcoin is heating up. There is a huge demand for short-term options in the market. This is said to be setting the stage for what is known as “Gamma Squeeze”, where a change in price can trigger a rapid fluctuation in the market. On the other hand, if the positive trend in ETFs changes, traders may quickly seek to reduce their leverage.
Binance Labs announces 13 new projects within the scope of its support program
Binance exchange announced 13 new projects that its venture arm Binance Labs will support under its MVB program. The projects were selected from the fields of decentralized finance, infrastructure development, and application layer.
Bitcoin closes February with the biggest monthly candle
Bitcoin, which is just a small distance from its all-time high, displayed the best monthly performance in its history with its surge in February. The biggest cryptocurrency ended February with an increase of $19.8 thousand.
Bitcoin ETFs continue positive despite Grayscale GBTC’s $600 million in outflows
Bitcoin spot ETFs closed yesterday with a net $92 million, while Grayscale made its second-highest outflow to date. Even the $598 million sale could not disrupt Bitcoin’s surge, while BlackRock received a net investment of $600 million.
Whale sits on $900 million profit from holding Bitcoin
While Bitcoin continues to make its investors smile sooner or later, a whale account was rewarded for its purchases and regular investments during the declines in 2022 with a profit of 900 million dollars. It is also noteworthy that the whale still has not realized its profit.
JPMorgan predicts decline in Bitcoin after April halving
Analysts at JPMorgan, one of the largest investment banks in the US and the world, stated that they expect a decline in Bitcoin towards $42,000. In the report, it was stated that the current period of “euphoria” is related to the halving and that the possible decline could come in the second week of April, after the halving.
Crypto exchange Binance announces the listing of a new coin
The Binance exchange has announced a new listing and will list Axelar (AXL) today at 2:30 p.m. ET. The coin will be traded in Bitcoin, USDT, FDUSD and TRY pairs.