10 Years of Decentralizing the Future
May 29-31, 2024 – Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
The bitcoin (BTC) price climbed through $51,000 in European morning hours on Wednesday, touching $1 trillion market capitalization for the first time since December 2021, data shows.
The rise came as bullish sentiment around continued growth of the largest cryptocurrency continued, with options traders betting on prices to touch as much as $75,000 in the coming months.
Some traders are targeting the $64,000 level in the coming weeks as demand from spot bitcoin exchange-traded fund (ETF) products grows. On Tuesday, BlackRock’s IBIT saw nearly $500 million in net inflows, indicative of buying demand.
Edited by Sheldon Reback.