Bitcoin surges to $49,000 as spot ETF buying and selling quantity hits $2.3B, setting new opening day file

Fast Take

The Bitcoin market witnessed a notable motion as Bitcoin’s worth breached the $49,000 mark, indicating a 4% improve inside the previous 24 hours. At present, Bitcoin is buying and selling at $48,500.

This surge aligns with the dynamic shift within the world monetary panorama, the place digital currencies are enjoying a extra distinguished position. Concurrently, the spot ETF’s whole buying and selling quantity soared, hitting $2.3 billion inside the opening 20 minutes of buying and selling, in response to @tier10k.

That may be a new file for an ETF on opening day.

Taking a look at IBIT, the BlackRock spot ETF, over 10 million shares have been traded within the first twenty minutes of buying and selling. At present buying and selling at $29 a share, up 3%.

The submit Bitcoin surges to $49,000 as spot ETF trading volume hits $2.3B, setting new opening day record appeared first on CryptoSlate.