The price of Bitcoin (BTC) surpassed the $92,000 mark again in the early hours of the 19th, but has since given up some of the gains and is now trading flat.
As of 10:30 a.m. on the same day, the overseas Bitcoin price based on CoinMarketCap was at $91,019, up 0.51% from the same time the previous day.
Prior to this, on the 14th and 15th local time, Bitcoin spot exchange-traded funds (ETFs) recorded net outflows, causing Bitcoin to fall below $90,000.
This means that the amount of funds flowing out was greater than the amount of funds flowing in. However, the investment demand for crypto assets (virtual currencies) continued to support the market, and prices partially recovered.
The Fear and Greed Index is a measure of investment demand in the cryptocurrency market, ranging from 0 to 100. The closer it is to 100, the higher the reading.
That means demand is strong. Meanwhile, Bitcoin spot ETF options are about to debut on the market. Eric Balchuna, senior ETF analyst at Bloomberg
On the 18th (local time), Eric Balchunas announced through X (formerly Twitter) that "NASDAQ is preparing to list options trading for Bitcoin spot ETF.
"Completed. BlackRock's Bitcoin spot ETF "IBIT" options will be listed as early as tomorrow (local time 19th)."
2024/11/19 11:02 KST
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