empty
18.03.2024 06:41 PM
Bitcoin: ETF inflows reach new ATH

The cryptocurrency market is once again in a phase of strengthening after a very volatile weekend, during which the price of Bitcoin significantly dropped after reaching a new all-time high of $68,208.

Following a sharp decline to $64,528 on Sunday, the Bitcoin price forecast indicates a resumption of bullish pressure, confirmed by investors' willingness to buy on the dip.

ETF Inflow Volume Reaches a New All-Time High (ATH)

The net inflow volume of Bitcoin ETFs continues to grow as more institutional investors turn to new investment opportunities. SoSoValue data shows an impressive rise to $12.15 billion—the highest cumulative net inflow.

BlackRock's IBIT leads with the highest daily net inflow, amounting to $139 million on Friday. On the other hand, Grayscale's GBTC experiences the largest outflow of funds—$139 million. Other ETF operators also demonstrate active growth, including Fidelity's FBTC, with a net daily inflow volume of $155 million.

This image is no longer relevant

Major Crypto Companies Update BTC Forecasts

The current CEO of Binance, Richard Teng, who took office in November 2023, believes that the price of Bitcoin could potentially reach $80,000 by the end of the year.

Teng believes that "as supply continues to shrink and demand continues to grow," BTC will be trading in a bullish trend in 2024.

Bitcoin is among the select assets that have reached record highs since the beginning of the bullish trend in the fourth quarter of last year, especially in light of interest in Bitcoin ETFs. In addition to Binance, other companies also view Bitcoin and the entire market optimistically.

For example, Standard Chartered has revised its annual Bitcoin forecast to $150,000. Institutional investors, including family offices and charitable foundations, are expected to start allocating a portion of their portfolios to ETF purchases, which, in turn, will increase demand.

The Bitcoin halving is also an event that is likely to lead to rapid growth in Bitcoin to new highs. This event occurs once every four years. Halving controls coin inflation by halving the reward for miners per block.

Why Bitcoin Could Reach $70,000

Bitcoin is hovering slightly below the opening level of the previous day after strengthening above the $68,000 support level. Despite the sudden price drop over the past weekend, bulls managed to regain control, preventing an extremely bearish turning point in the market.

Based on the current technical structure, Bitcoin has the potential to rise above $70,000 this week and approach the all-time high.

Some of the key levels to watch for investors include immediate support at $68,000 and the 20-day exponential moving average (EMA), which is near $68,300.

Several four-hour candle closes above these two key levels will give bulls an advantage. On the other hand, a breakthrough above $70,000 could lead to a new wave of growth driven by FOMO, aiming to reach new all-time highs around $80,000.

If the price of Bitcoin closes below $68,000, the outlook may begin to lean towards selling, creating new uncertainty, especially considering expectations of recovery ahead of the upcoming halving event.

Other support areas below $68,000 to keep in mind include $66,000, $64,000, and the 200-day EMA, which is near $61,909.

Investment Products in Cryptocurrencies Reached a New Peak

Last week, they recorded a record weekly inflow of over $2.7 billion, reaching $2.9 billion. The inflow this week increased the total volume since the beginning of the year to $13.2 billion, surpassing the entire inflow in 2021 of $10.6 billion.

Transaction volumes are mainly concentrated in Bitcoin. Transaction volumes have maintained their record levels from the previous week, reaching $43 billion, which accounts for 47% of the total global Bitcoin volume. However, after price corrections over the weekend, the total value of global ETPs dropped to $97 billion.

At the regional level, inflows in the U.S. amounted to $2.95 billion, while outflows in other regions were less significant. Nevertheless, countries such as Canada, Germany, Sweden, and Switzerland recorded a total outflow of $78 million last week.

Bitcoin alone saw inflows of $2.86 billion just last week, accounting for 97% of all inflows since the beginning of the year. Additionally, short-term transactions with Bitcoin showed the largest inflow in a year for the fifth consecutive week, totaling $26 million.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Pasaran kripto kekal berdaya tahan meskipun dolar tidak menentu

BTC/USD meningkat semula pada hari ini selepas penyusutan semalam, secara keseluruhannya masih mengekalkan momentum kenaikannya. Secara fundamental, keadaan semasa terus menyokong pertumbuhan BTC/USD dalam jangka sederhana. Persekitaran ekonomi dan pasaran

Jurij Tolin 14:14 2025-07-08 UTC+2

Bank Digital Jepun oleh Metaplanet: Bitcoin Jadi Teras Inovasi Kewangan

Ketika Bitcoin terus enggan jatuh, disokong oleh permintaan besar daripada dana ETF, syarikat Jepun Metaplanet kini merancang untuk menggunakan rizab Bitcoinnya untuk menubuhkan bank digital pertama di Jepun. Projek berani

Jakub Novak 13:46 2025-07-08 UTC+2

Petua dagangan untuk pasaran kripto pada 8 Julai

Baik Bitcoin mahupun Ethereum kekal berada dalam kedudukan kukuh, bersedia untuk meneruskan aliran menaik. Selagi BTC terus didagangkan di atas paras $105,000, kemungkinan pertumbuhan selanjutnya dan pencapaian paras tertinggi sepanjang

Miroslaw Bawulski 12:16 2025-07-08 UTC+2

Akta Kejelasan mengenai Pasaran Aset Digital Menerima Sokongan

Bitcoin dan Ethereum telah kembali berdagang dalam saluran harga yang menjadi julat utama mereka sepanjang minggu lalu. Walaupun Bitcoin masih belum melepasi paras $109,000, prospek pasaran menaik kekal terpelihara, sekurang-kurangnya

Jakub Novak 11:00 2025-07-08 UTC+2

Parti America pimpinan Elon Musk menyokong Bitcoin dan aset digital

Parti politik baharu yang baru ditubuhkan, America Party yang diterajui oleh Elon Musk, akan menyokong Bitcoin. Perkara ini diumumkan sendiri oleh Ketua Pegawai Eksekutif Tesla di media sosial. "Mata wang

Jakub Novak 15:31 2025-07-07 UTC+2

Bitcoin akan menguji Sokongan.1 selepas berjaya menembusi dan ditutup di bawah garis aliran menaik pada carta harian, Jumaat, 4 Julai 2024.

Bitcoin – Jumaat, 4 Julai 2025. Dengan aliran masuk ke dalam Bitcoin ETF sekitar USD$ 50 bilion, ini menunjukkan kecenderungan yang kuat dari para pelabur, sekali gus mengukuhkan kesahihan mata

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple berpotensi untuk membuat pembetulan dan melemah sehingga ke paras Sokongan 2.1924 pada hari Jumaat, 4 Julai 2025.

Ripple – Jumaat, 4 Julai 2025 Tekanan kawal selia yang mesra dan kes dengan SEC yang kelihatan telah terhenti serta minat terbuka dalam pasaran derivatif yang telah melonjak 30% dalam

Arief Makmur 07:58 2025-07-04 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 4 Julai

Bitcoin menghadapi rintangan yang ketara sekitar $110,000, dan tidak mungkin untuk melepasi tahap ini dengan mudah dalam jangka masa terdekat. Ethereum juga berdepan kesukaran untuk bergerak melebihi tanda aras $2,600

Miroslaw Bawulski 07:27 2025-07-04 UTC+2

Cadangan Dagangan untuk Pasaran Mata wang Kripto pada 3 Julai

Bitcoin dan Ether telah meneruskan pertumbuhan, mencapai paras tertinggi mingguan baharu di tengah-tengah keadaan makroekonomi yang menggalakkan. Dalam tempoh 24 jam yang lalu, Bitcoin meningkat sebanyak 2.5%, didagangkan di atas

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 2 Julai

Bitcoin meneruskan pembetulannya dan semasa sesi dagangan Asia hari ini mencapai tahap baru sebanyak $105,000. Ethereum juga jatuh dengan ketara tetapi segera dibeli semula, menstabilkan sekitar $2,425. Sementara itu, volatiliti

Miroslaw Bawulski 08:33 2025-07-02 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.