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Bitcoin prices hit another all-time high in late trading on Wednesday, Nov. 13, when it tapped $93,477, according to CoinGecko.
However, the asset had since retreated to around $90,000 during the Thursday morning Asian trading session.. Bitcoin has now added a whopping $24,000 since the beginning of November, spurred primarily by Donald Trump’s US presidential election victory.Bitcoin ETFs are by far the majority driving force of demand right now, “soaking up almost all of the selling by long-term holders,” observed analyst James Check on Nov. 14.
He added that things were seeming to cool off until IBIT hit $5 billion in daily volume for the first time ever. The BlackRock Bitcoin ETF saw an inflow of $230 million on Nov. 13.just saw $5b in volume today for first time ever. Only 3 ETFs and 8 stocks saw more action today. Up to $13b in 3 days this week. Its peers seeing heightened volume too but smaller scale.
And exchanges are giving it to them. That’s what the Binance listings of PNUT and ACT and the Coinbase listings of PEPE and WIF tell you.What Is The Open Network : All You Need to Know in 2024Sign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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