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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,591.82
    ethereum
    Ethereum (ETH) $ 3,018.25
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 378.79
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.545058
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.085907
    cardano
    Cardano (ADA) $ 0.595474
    solana
    Solana (SOL) $ 103.17
    matic-network
    Polygon (MATIC) $ 0.979539
    polkadot
    Polkadot (DOT) $ 7.74
    tron
    TRON (TRX) $ 0.137786

    Bitcoin Value Explodes To $47k As BTC ETF Approval Deadline Looms

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    Bitcoin (BTC) simply reclaimed $47,000 for the primary time since March 2022, shortly after a number of Bitcoin ETF candidates filed finalized updates for his or her S-1 types with the Securities and Change Fee (SEC).

    • As of Monday, Bitcoin is up 6.63% on the day, and over 10% since January 1. It trades for $47,130 at writing time.
    • Over $136 million in shorts on crypto trades have been liquidated previously 24 hours, based on Coinglass.
    • That features 124,000 merchants, on which the biggest single liquidation was a BTC-USDT swap on OKX for $9.36 million.
    • Quite a few Bitcoin ETF candidates together with BlackRock revealed new and up to date administration charges for his or her merchandise on Monday, lots of which had been between 0.2% and 0.3% – slicing beneath analyst’s expectations.
    • β€œETF issuers reducing their charges to absolute cut price basement ranges implies huge expectations on their half round AUM,” posted CoinMetrics co-founder Nic Carter to X on Monday.
    • Bitcoin’s final rise above $47,000 was largely triggered by defunct stablecoin issuer Terraform Labs’ huge BTC accumulation in early 2022, which was later dumped again onto the market as its cash went bust.

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    See also  Bitcoin Value As Bulls Plan Escape Betting On $42k Help, Time To Purchase The BTC Dip?
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