Crypto Market Analysis: The increasing demand from the traditional market through spot BTC ETFs continues to bolster the underlying asset Bitcoin. This digital asset raising for five consecutive days has recorded 17% growth to reach a currency trading price of $59722.
On February 27, the cryptocurrency market saw significant activity with over $2 billion traded across the Nine ETFs, including a record $1.3 billion in trades for $IBIT. Alongside, LookonChain reported substantial institutional interest in Bitcoin, with eight spot ETFs adding 9,901 BTC ($564 million).
Fidelity led these additions with 4,460 BTC ($254 million), followed by ARK21Shares with 2,394 BTC ($136.4 million), and Blackrock with 2,051 BTC ($116.85 million), while Grayscale reduced its holdings by 921 BTC ($52.5 million). These 10x to 12x demand from the traditional market against the 900 Bitcoin mined every day, accentuates an aggressive accumulation trend among investors.
Feb 27 Update:
8 ETFs added 9,901 $BTC($
We współpracy z: https://coingape.com/markets/crypto-market-analysis-2-28-bitcoin-60000-eth-pepe-gala/
