$98,200.00
4.72%$3,353.06
9.65%$257.41
11.01%$620.58
2.71%$1.16
7.24%$0.385535
3.74%$1.001
0.24%$3,350.25
9.49%$0.795357
0.03%$0.199941
2.77%$35.73
7.41%$0.00002461
4.00%$3,964.73
8.85%$97,832.00
4.28%$5.52
5.62%$3.64
3.78%$3,351.43
9.52%$484.99
11.34%$14.97
4.76%$0.00002044
9.49%$5.82
3.29%$8.91
6.91%$0.24338
-1.12%$5.70
5.31%$89.21
7.06%$12.08
3.97%$3,532.18
9.48%$9.28
6.94%$1.004
-0.80%$0.183702
5.01%$0.121988
3.01%$9.25
3.18%$27.28
8.30%$7.39
-2.70%$517.33
12.03%$0.150671
-1.81%$0.0000507
1.81%$1.002
-0.08%$0.449972
3.39%$24.84
4.01%$1.27
3.44%$3.28
6.63%$0.782739
18.25%$3.55
-4.18%$160.83
0.14%$1.92
5.68%$45.56
4.08%$4.50
7.67%$0.802104
12.86%$2.08
24.85%$0.03191204
1.92%$0.00025942
8.64%$166.03
6.66%$6.31
3.12%$24.55
5.49%$1.37
8.51%$5.36
8.88%$1.00
0.56%$0.220842
-1.45%$0.490055
6.63%$3,346.97
8.84%$0.710575
8.31%$1.42
5.78%$5.37
6.40%$6.20
15.04%$3,753.04
9.13%$0.208862
-0.93%$1.71
5.47%$0.588307
14.39%$0.164927
1.69%$2.27
8.49%$3,510.05
9.46%$98,143.00
4.29%$1.60
3.35%$97,892.00
4.45%$1.14
6.61%$3,444.62
9.79%$0.417612
3.08%$1.015
5.13%$1,571.40
2.85%$317.43
10.27%$11.15
2.56%$1.34
-7.08%$66.63
-0.35%$86.74
1.93%$10.01
2.64%$17.86
4.34%$0.02894574
4.64%$0.02210683
3.50%$1.24
11.97%$0.00000113
5.36%$0.706123
5.93%$98,071.00
4.71%$0.518146
15.34%$3.16
1.88%$0.01989333
1.19%$1.035
-2.22%$1.048
13.05%$0.448348
3.26%$0.00000267
30.22%$271.30
9.94%$3,346.99
9.53%$0.02068469
4.24%$97,567.00
4.30%$5.74
3.08%$0.652768
5.82%$98,095.00
4.97%$3.82
-3.52%$11.55
-0.39%$13.05
6.17%$1.30
9.56%$1.31
5.26%$0.01017634
-0.89%$0.970494
4.57%$5.80
6.56%$0.00004383
2.00%$0.147727
4.62%$5.26
7.54%$0.757977
0.08%$1.17
9.20%$30.15
4.91%$0.00198125
13.87%$0.343992
4.12%$1.27
4.56%$3,444.09
9.34%$262.25
11.42%$0.384383
2.40%$37.74
6.34%$0.665347
5.05%$0.00776951
12.90%$0.407402
5.30%$1.001
0.14%$0.00734069
6.16%$0.156054
10.76%$3,349.87
9.25%$45.89
11.15%$267.23
6.68%$0.00996997
7.51%$2.15
2.23%$0.074176
3.80%$3,352.69
9.72%$2,675.59
0.76%$0.239819
8.60%$0.997289
0.39%$19.34
11.77%$0.04173971
1.52%$0.718051
5.51%$1.85
10.68%$0.0001101
6.49%$3,621.40
9.10%$0.171798
2.82%$0.01343012
8.30%$1.30
9.09%$2.38
8.73%$1.28
4.54%$0.565013
2.36%$0.0081329
7.01%$0.082599
9.37%$3,344.81
8.83%$0.150343
11.69%$1.94
4.50%$31.40
-1.27%$0.587154
21.73%$0.081637
1.36%$98,497.00
5.16%$1.001
0.31%$1.074
2.81%$0.00155091
1.56%$2,687.67
1.38%$97,925.00
4.41%$1.43
7.65%$3,347.97
9.12%$2.74
23.44%$0.250289
6.00%$0.168085
8.65%$0.00000024
6.01%$0.403393
9.02%$0.460988
6.07%$1.002
0.50%$97,847.00
4.21%$8.60
0.69%$0.49597
4.82%$0.065719
3.81%$3,347.98
8.93%$0.512129
3.00%$54.23
5.17%$0.475734
17.58%$0.00000048
2.02%$3.87
2.96%$0.067483
2.94%$1.071
0.89%$0.447673
6.76%$3,596.34
9.64%$0.336833
6.49%$0.42892
91.42%$3,343.38
8.88%$7.01
8.42%$0.232059
9.75%$1.001
-0.06%$3,510.49
9.56%$3.16
18.43%$0.00776256
5.27%$0.01325391
5.96%$3.67
8.30%$8.24
9.88%$0.997815
0.16%$0.982192
1.61%$1.95
32.47%$97.58
-0.73%$1.00
0.21%$0.04201286
24.23%$0.04270971
6.37%$0.963911
5.78%$1.063
0.55%$0.396974
-15.20%$0.02057238
5.20%$3,706.73
9.16%$0.702404
9.04%$0.949728
13.15%$3.56
11.24%$1,969.25
4.56%$10.64
7.49%$0.02234929
21.38%$0.00213207
7.76%$0.543333
0.82%$0.00464444
3.33%$97,810.00
4.11%$0.675113
4.97%$1.002
0.00%$0.00
9.16%$3,562.46
9.21%$0.428536
4.12%$1.68
14.45%$0.324231
11.19%$0.359169
4.68%$41.82
6.34%$0.200435
7.01%$1.36
4.25%$96,334.00
3.75%$29.19
7.24%$4.49
8.14%$0.673813
5.29%$0.00599678
3.34%$0.00105232
14.56%$3.24
9.72%$0.04237745
-7.93%$0.03377056
4.84%$20.85
4.12%
Bitcoin briefly rocketed past $48,000 on Thursday morning for the first time since 2021, as spot Bitcoin ETFs opened for their first day of business on Wall Street.
BTC looked nearly poised to break $49,000 for a moment, touching $48,887 before settling back down to $46,755 at writing, according to CoinGecko. The cryptocurrency is still up 3.1% in the last day, and 7.3% in the last week.
The last time BTC touched such highs was over two years ago, in the final week of 2021—towards the end of the coin’s last bull run.
The price gains are inextricably linked to the massive debut today of eleven spot Bitcoin ETFs, which gained approval Wednesday from the United States Securities and Exchange Commission (SEC) in a historic action.
Spot Bitcoin ETFs allow traditional financial institutions and investors to gain exposure to BTC without holding cryptocurrency themselves. Within 30 minutes of launch this morning, spot Bitcoin ETFs accumulated $1.2 billion worth of trading volume, according to Bloomberg analyst James Seyffart.
Spot #bitcoin ETFs crossed $1.2 billion in trading volume in first 30 min of trading!
It's not fancy but here's the Cointucky Derby as im watching it. @vaneck_us's $HODL got a later start than the others but @Grayscale's $GBTC and @BlackRock's $IBIT are HOT out of the gate. pic.twitter.com/FKYev3JSrq
— James Seyffart (@JSeyff) January 11, 2024
Though the approval of spot Bitcoin ETFs has been anticipated for years as a watershed moment that would signal the mainstream legitimization of Bitcoin, analysts were mixed as to whether the event would hurt or help BTC’s price. Many experts predicted that the approval would trigger a “sell the news” event that would negatively impact the coin, at least in the short term.
What happened to selling the news? pic.twitter.com/Xet0B9UFGH
— Eric Balchunas (@EricBalchunas) January 11, 2024
A few false starts appear to have prevented that outcome. Last week, an ominous report from Matrixport prophesying the rejection of all spot Bitcoin ETF applications rattled BTC’s price, leading to the liquidation of many long positions on the coin. Then, on Wednesday, a hacker infiltrated the SEC’s Twitter account to post an announcement claiming all spot Bitcoin ETFs were approved, leading traders to “sell the news”—despite the news being fake.
All in all, the chaos appears to have helped BTC, clearing the way for the coin to rise unabated on positive post-ETF buzz.
Edited by Andrew Hayward
