Bitcoin Hits USD 50,000! Is It Time For Action?
@koolgal:
🌟🌟🌟📮📮📮The Year Of The Dragon Has Roared Its Might and Bitcoin Has Jumped above USD 50,000 to reach its highest point in more than 2 years. This is the best week since December 8, ending up 10.7% since last Friday. Is it time for action? Demand for Spot Bitcoin ETFs remains high with net inflows of USD 1.1 billion last week and USD 2.8 billion since their launch. Just last Friday, Bitcoin ETFs acquired 12,000 Bitcoins, outpacing the daily creation rate of 900 new Bitcoins. Since January 11 when Bitcoin ETFs started trading, Fidelity Wise Origin Bitcoin Fund (FBTC) became the 2nd ETF to cross USD 3 billion in Assets Under Management following $iShares Bitcoin Trust(IBIT)$