Bitcoin News: Speculations Soar Amid Whales’ Buying Spree
- Linda HamiltonOriginal
- 2024-11-08 22:32:16207browse
The crypto market enthusiasts are keeping a close track of the latest Bitcoin news, especially after the BTC hit a new ATH recently after Donald Trump's election victory.
Fresh wallets have scooped up over $145 million in Bitcoin from Binance, highlighting the soaring interest from crypto market participants. According to recent reports, these wallets have been accumulating BTC at a rapid pace, bolstering market confidence over an ongoing rally to continue.
The recent Bitcoin news comes amid a flurry of positive market trends, which seem to be echoing a similar sentiment. For instance, the US Spot Bitcoin ETF recorded over $1 billion inflow on November 7, the highest since its launch in January, Farside Investors data showed.
Of the total, BlackRock BTC ETF led the influx, alone witnessing a fund flow of $1.11 billion. This marks a significant development, considering the institutional interest in crypto, which could be extending the ongoing rally in the broader digital assets space.
Moreover, on-chain data also hints towards the growing appeal of the flagship crypto among investors. Recent reports highlighted that fresh wallets have accumulated $145 million in Bitcoin from one of the top crypto exchanges, Binance, since yesterday.
This buying trend also indicates the growing appeal of the crypto towards investors, paving the way for further rally. The news comes amid a flurry of positive market trends, that also echo a similar sentiment.
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