Bitcoin retook the US$57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.
Bitcoin retook the US$57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc. The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at US$56,473 in an early in Singapore. Bitcoin ’s price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and BNB. A net US$5.
6 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the US on Jan 11, signalling a widening of demand for the token beyond committed digital-asset enthusiasts. An upcoming reduction in the token’s supply growth, the halving, is adding to the optimistic sentimen
Bitcoin Cryptocurrency ETF Microstrategy Digital Asset Surge Rally Demand
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