Global Crypto Market Cap Surges Amid Market Movement
The global crypto market cap approached the $3.15 trillion milestone, marking a 2.6% rise within the last 24 hours.
Spot Bitcoin ETFs in the U.S. saw impressive inflows of $817.5 million on Wednesday, even as Bitcoin's price rose 3.4%, reaching $90,500.
Mixed Performance Among Major Bitcoin ETFs
The latest data reveals mixed trends among Bitcoin-related ETFs. BlackRock's IBIT ETF fell by 0.93%, holding $230.81M in assets, while Fidelity's FBTC slipped 0.88% to $186.07M. ARKB and VanEck's HODL ETF both saw declines of 0.96%, with $14.47M and $5.12M in assets, respectively. Bitwise's BITB dropped 0.92% to $12.33M. However, Grayscale's BTC gained 0.11%, valued at $61.30M.
BTC MINER OUTFLOW
On November 13, 2024, Bitcoin reached $90,485 as miner outflows surged to 16,926 BTC. This marked a significant spike, highlighting increased activity from miners possibly cashing out amid higher prices. The chart reflects an upward trajectory in BTC price, aligning with notable miner movements, suggesting potential impacts on market dynamics and liquidity as Bitcoin approaches new highs
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Why Crypto Market Is Going Up Today: What's Fueling Growth?
General FictionGlobal Crypto Market Cap Surges Amid Market Movement The global crypto market cap approached the $3.15 trillion milestone, marking a 2.6% rise within the last 24 hours. Bitcoin ETFs Witness Inflows Despite Price Increase Spot Bitcoin ETFs in the U.S...
