{"id":18820,"date":"2024-03-04T10:47:03","date_gmt":"2024-03-04T10:47:03","guid":{"rendered":"https:\/\/swn.af\/en\/?p=18820"},"modified":"2024-03-04T10:47:03","modified_gmt":"2024-03-04T10:47:03","slug":"bitcoin-bursts-above-65000-record-high-comes-into-view","status":"publish","type":"post","link":"https:\/\/swn.af\/en\/2024\/03\/bitcoin-bursts-above-65000-record-high-comes-into-view\/","title":{"rendered":"Bitcoin bursts above $65,000, record high comes into view"},"content":{"rendered":"<p><strong>MONITORING (SW) &#8211; Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels.<\/strong><\/p>\n<p>The price hit a session high of $65,537 early in Europe, having already hit a new two-year high in Asian trading. It was last up 4% at $65,045. Bitcoin hit a record $68,999.99 in November 2021.<\/p>\n<p>The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged.<\/p>\n<p>Spot bitcoin exchange-traded funds were approved in the United States earlier this year. Their launch opened the way for new large investors and has re-ignited enthusiasm and momentum reminiscent of the run up to record levels in 2021.<\/p>\n<p>&#8220;The flows are not drying up as investors feel more confident the higher price appears to go,&#8221; Markus Thielen, head of research at crypto analytics house 10x Research in Singapore told Reuters.<\/p>\n<p>Net flows into the 10 largest U.S. spot bitcoin funds reached $2.17 billion in the week to Mar 1, with more than half of that going into BlackRock&#8217;s iShares Bitcoin Trust (IBIT.O), opens new tab, according to LSEG data.<\/p>\n<p>Smaller rival ether has hitched a ride on speculation that it too may soon have exchange-traded funds driving inflows. It&#8217;s up 50% year-to-date and by Monday was trading at two-year highs, up 2.6% on the day at $3,518, Reuters reported.<\/p>\n<p>The rally has come in tandem with records tumbling on stock indexes from Japan&#8217;s Nikkei (.N225), opens new tab to the S&amp;P 500 (.SPX), opens new tab and tech-heavy Nasdaq (.IXIC), opens new tab and with volatility gauges in equities (.VIX), opens new tab and foreign exchange (.DBCVIX), opens new tab turning lower.<\/p>\n<p>&#8220;In a world where Nasdaq is making new all-time highs, crypto is going to perform well as bitcoin remains a high-volatility tech proxy and liquidity thermometer,&#8221; said Brent Donnelly, trader and president at analysis firm Spectra Markets.<\/p>\n<h6><strong>ENDS<\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>MONITORING (SW) &#8211; Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels.<\/p>\n","protected":false},"author":9,"featured_media":18821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,984,194,981,982,7],"tags":[],"class_list":["post-18820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-news","category-world","category-economy","category-international","category-headline"],"views":64,"_links":{"self":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/18820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/comments?post=18820"}],"version-history":[{"count":1,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/18820\/revisions"}],"predecessor-version":[{"id":18822,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/18820\/revisions\/18822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media\/18821"}],"wp:attachment":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media?parent=18820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/categories?post=18820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/tags?post=18820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}