The volatility Bitcoin price faced on Wednesday ignited fresh interest among the whales who have recently been on a remarkable buying spree. After reversing the trend from $60,000 support in the previous week, BTC touched $72,000 this week before temporally faltering below $70,000.
However, due to the fresh round of demand for Bitcoin ETFs and a high-risk appetite among the whales, the price had to trade at $70,500 during US business hours on Thursday.
Bitcoin price remains relatively unchanged, sustaining a 0.22% increase in value in 24 hours. According to CoinMarketCap data, a 27% surge in the trading volume to $43 billion highlights growing interest among traders.
BlackRock’s BTC ETF Accumulation Crosses The 250K Mark
After holding the reins as the best-performing BTC ETF product since the approval in January, BlackRock’s IBIT achieved a new milestone, crossing 250,000 BTC, worth approximately $17.6 billion on March 27.
According to the latest data by BitMEX Research, IBIT
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