Categories: Bitcoin Latest News

Bitcoin Is Up 100% This Year. It’s Not Just Because of Spot BTC ETF Hype

As BTC has gained over 100% this year, most observers tied its recent strength to a looming approval of a spot BTC ETF. But its increasingly constrained supply, underinvested market participants and bitcoin’s rejuvenated shine as a safe haven from spiraling debt levels, banking crises and geopolitical turmoil may also have played a role.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

XRP, BNB Edge Higher as Bitcoin Bulls Eye $90K After Tuesday Bloodbath

Bitcoin (BTC) neared $89,000 in Asian morning hours after a 24-hour low of $86,200, slightly…

21 seconds ago

U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to The 10-Year Treasury Note

Tuesday was a rough day for the crypto market, as bitcoin (BTC) fell to three-month…

21 seconds ago

Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible?

Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as…

23 seconds ago

Bitcoin Price Takes a Hit—Is This Just the Beginning?

Bitcoin price started a fresh decline below the $90,000 support. BTC must stay above the…

2 hours ago

Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop

Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market…

2 hours ago

Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert

Bitcoin (BTC), the market’s leading cryptocurrency, has officially entered a new downtrend phase following a…

4 hours ago