Bitcoin (BTC) Soars Past $106,000: Institutional Demand Creates Historic Supply Squeeze
🚀
Bitcoin has smashed its previous records, soaring past $106,000. This surge is taking place amid strong institutional demand, particularly through over-the-counter (OTC) desks. Interestingly, balances have decreased by 25,000 BTC over the last 30 days. Observers are also paying close attention to the Federal Reserve's upcoming announcement of a 25 basis point rate cut. This cut would set the rates between 4.25% and 4.5%. While this move might suggest vigorous market activity, the messaging suggests fewer rate cuts ahead in 2024. This historic BTC price spike largely reflects the shifting dynamics in institutional buying and monetary policy changes.
Bron: blockonomi.com ↗
Vergelijkbare artikelen (62)
Bitcoin to gold ratio posts new record as BTC sets new high
Bitcoin Price Nears $105K; Ohio Bitcoin Bill and ETF Demand Surge in Play
Bitcoin $108K all-time high lasts seconds as BTC price dives 2.4%
Bitcoin price all-time highs driven by spot volumes — Analyst says $115K is next
Bitcoin Tops $106K, Outpaces Gold with All-Time High Purchasing Power
What Is Behind Bitcoin’s New ATH and How High Can It Go?
Bitcoin Soars to New ATH Amid $172M Mt. Gox Transfers
Bitcoin (BTC) Falls to $103K After Hitting Record High of $108K
With Bitcoin Skyrocketing, Luxury Brands Consider Embracing Crypto Payments
Bitcoin ($BTC) hits another all-time high as MicroStrategy buys again
Bitcoin ($BTC) Soars to New Record High of $108,000
Bitcoin hits $106,000 record and these three drivers will push the price into ‘unchartered waters’
Bitcoin (BTC) Hits a New All-Time High at $106K: Altcoin Market Prepares for Surge
New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer?
Bitcoin ($BTC) hits all-time high, but correction incoming
Bitcoin Price Surges to $106K with Market Sentiment at Extreme Greed
Bitcoin Passes $106K As Coinbase Premium Drops – Metrics Reveal Unusual Activity
Bitcoin Reclaims Strong Correlation With S&P 500 – What This Means For BTC
Bitcoin Hits $106K ATH, $WEPE Helps Sustain Crypto Gains Amid US Interest Rate Changes
Bitcoin’s Price Surges Above $106,000, Setting a Historic High Against Gold
Bitcoin at $107K ATH: Institutional Adoption to Power Further Price Growth?
Bitcoin price Hits $106K as Russia, Japan Bitcoin Reserve Speculations Rise: Next ATH When?
Bitcoin News: Apple, Tesla Doubling BTC Reserves as Bitcoin Price Rockets, Says Khurram Shroff
Crypto Market Reaches New Heights
Bitcoin Wallets Holding Over 100 BTC Spike Amidst $106K Milestone
Bitcoin hits $106.5K! How THIS group is driving BTC’s surge
Bitcoin Surges Past $106,000, Traders Cheer
Bitcoin Surges as Saylor Celebrates Record Price
Bitcoin Surpasses $106K Mark in Trading Surge
Bitcoin Breaks $106,000 as Investors Pour Funds into WEPE, STARS Presales
BTC Mania: Bitcoin’s Meteoric Rise Past $107,000
Will Bitcoin Hit New Records This Week?
Bitcoin Surpasses $107,700—Global Crypto Market Explodes!
Bitcoin Price Hits New All-Time High Above $106K As Best Wallet Token Presale Surpasses $4.5M
Why Bitcoin Is Surging Today? 5 Key Reasons Behind Its $106K Breakout
Crypto News Today (Dec 17th, 2024): Bitcoin Hits Fresh ATH of $107k | BGB Price Surges 14.29%
Bitcoin hits new ATH of $107K! Key levels driving BTC’s next move
Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046
Bitcoin Hits $108K For The First Time In History
Just-In: Bitcoin Crosses $108,000 For the First Time Ever
Bitcoin Surges Past $108,000 Mark
$100K, $103K, $106K… – How is Bitcoin breaching one ATH after the other?
The Bitcoin price soars to new all-time highs (ATH): investors are closely watching this new memecoin
Bitcoin Surpasses $108,000 and Eyes New Heights
Bitcoin Reaches New Heights as Market Anticipates Key Developments
Bitcoin Surges Toward Targeting $130,000 Level
Bitcoin Hits Record High as Saylor Expresses Excitement
Bitcoin Surpasses $106,000 as Optimism Grows Among Traders
Bitcoin Surpasses $106K, Strengthening Its Position Against Gold
Bitcoin Nears $108,000 as Ethereum Hits Highest Price Since 2021: What Could Lie Ahead for Traders?
Bitcoin Surges to New All-Time High Above $107,700 Amid Strong Market Sentiment and Analyst Optimism for Higher Prices
Bitcoin Surges Past $106,500 as Market Sentiment Soars and MicroStrategy Joins Nasdaq 100
Bitcoin’s Rise to $107K Indicates Potential Growth Amid Spot Market Demand and Strong On-Chain Metrics
Bitcoin Reaches $106.5K Amid Surge in Whale Activity and Institutional Adoption
Bitcoin Price Smashes Through $108,000 Milestone in Latest Surge
Bitcoin Soars 2.12% as US Stock Exchanges Open Positively, Reaching $102,396.60
Bitcoin Breaks $100,000 Barrier Again: Latest Price Surge
Bitcoin Price Reaches $102,037: Key Insights and Analysis
Bitcoin Hits New All-Time High, Sparking Speculation of Possible Rally Toward $113,000
Bitcoin Breaks Records, Reaches New All-Time High of $107,195!
Bitcoin to Gold Ratio Reaches New All-Time High as BTC Price Surpasses $106,000, Suggesting Future Growth Potential
Institutional Demand and Supply Squeeze Propel Bitcoin to $106,000, Indicating Potential for Continued Growth
