Tag: Hits

  • Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    A sharp escalation in Middle East tensions sent shockwaves through global financial markets in the early Asian trading hours, triggering a significant spike in oil prices and prompting a flight to safety.

    Bitcoin (BTC) was not immune to the turmoil, experiencing a notable price drop as traders scrambled for downside protection, evidenced by a dramatic crash in short-term options skew.

    The seven-day skew for Bitcoin options, a key metric that measures the relative cost of bullish calls versus bearish puts listed on Deribit, plummeted to -3.84%.

    This marked its lowest point since April 16, according to data from Amberdata.

    In practical terms, this means put options, which offer traders protection against price declines, became the most expensive relative to call options in three months.

    The surge in demand for these protective puts also dragged the 30-day and 60-day skews into negative territory, signaling a broader shift towards caution among market participants.

    Traders typically purchase put options either to hedge existing long positions in the spot or futures markets or to directly profit from an anticipated fall in prices.

    The clear preference for puts indicates a growing unease about Bitcoin’s near-term trajectory amidst the heightened geopolitical uncertainty.

    Bitcoin’s price reflected this nervousness, falling to its 50-day simple moving average (SMA) at $103,150, extending its 24-hour losses to 4.59%, according to CoinDesk data.

    This decline represented a significant retreat from earlier in the week when prices had briefly topped the $110,000 mark.

    Market bulls are now likely hoping that the 50-day SMA will provide a crucial support level, as a sustained break below it could attract further selling pressure, a pattern observed when this support level failed back in February.

    Oil surges as geopolitical cauldron boils over

    The catalyst for this market turbulence was a dramatic escalation in the Middle East.

    The per-barrel price of WTI crude oil surged by over 6% to $74.30, reaching its highest level since February 3 and extending its weekly gain to an impressive 13%, according to data from TradingView.

    This sharp upward movement in oil prices reportedly followed news of Israeli airstrikes on Iran, which supposedly drew retaliatory missile action from Tehran, though details remained fluid.

    Inflationary shadows and Fed policy under scrutiny

    Sudden and significant spikes in oil prices tend to have a global inflationary impact, and this latest surge is no exception.

    Concerns are now mounting that this could inject fresh inflationary pressures into economies worldwide, at a time when President Donald Trump’s ongoing trade war already threatens to disrupt economic stability and fuel inflation, particularly in net-importer countries.

    This confluence of factors could significantly dent market expectations for Federal Reserve rate cuts.

    If inflation re-accelerates, the Fed may be less inclined to ease monetary policy, potentially adding to downside volatility in both stocks and cryptocurrencies.

    As of writing, futures tied to the S&P 500 were trading 1.5% lower on the day, reflecting the broader risk-off sentiment.

    Traditional markets reel from geopolitical shock

    The reaction in traditional markets was swift and pronounced. US stock index futures were down approximately 1.5% across the board following the news from the Middle East.

    European market futures mirrored this decline, also trading down by roughly the same margin.

    In a classic flight to safety, bond prices moved higher as investors sought refuge from the volatility.

    Gold, another traditional safe-haven asset, also saw increased demand, adding about 0.75% in the past hour to trade at $3,428 per ounce.

    Crude oil, as previously noted, had soared by an even more dramatic 9% to $74 per barrel in the immediate aftermath of the reports.

    The 10-year Treasury yield dipped two basis points to 4.32%, indicating increased demand for US government debt.

    Currency markets also reflected the shifting risk landscape, with the US dollar gaining against the euro and the British pound, but losing ground against traditional safe-haven currencies like the Japanese yen and the Swiss franc.

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  • XRP eyes fresh gains as Bitcoin correlation hits 0.91, RSI turns bullish

    XRP eyes fresh gains as Bitcoin correlation hits 0.91, RSI turns bullish

    • RSI remains above 50, indicating bullish momentum.
    • Resistance targets include $2.38 and $2.50.
    • A drop below $2.20 could invalidate the current rally.

    XRP appears to be aligning itself closely with Bitcoin’s performance, as fresh data shows a 0.91 correlation between the two cryptocurrencies.

    With Bitcoin hovering near $110,000, this unusually tight relationship is strengthening the case for a potential price surge in XRP.

    Technical indicators like the Relative Strength Index (RSI) also suggest a build-up of buying pressure.

    As broader market momentum improves, XRP’s price action is increasingly seen as part of a larger bullish wave across the crypto space, raising the possibility of a breakout beyond its current range.

    Strong Bitcoin correlation boosts XRP

    XRP’s 0.91 correlation with Bitcoin highlights a clear pattern: the altcoin tends to rally when Bitcoin moves upward.

    This current high correlation is particularly significant, given Bitcoin’s attempt to breach its previous all-time highs.

    Historically, XRP has often mirrored Bitcoin’s trends, especially during strong bull cycles.

    When the correlation weakens, XRP usually underperforms, but with the metric climbing again, traders are taking this as a potential bullish signal.

    Bitcoin’s recent stability near the $110,000 mark is reinforcing this sentiment.

    Market watchers note that when BTC remains strong at key levels, altcoins like XRP typically gain in both price and volume.

    This is setting the stage for XRP to maintain upward momentum in the near term, especially if Bitcoin continues to test resistance levels above $110,000.

    RSI supports a bullish trend for XRP

    One of the key indicators showing positive momentum for XRP is the Relative Strength Index (RSI), which currently remains above the neutral 50 mark.

    This signals an increase in buying activity, with bulls maintaining control over the asset.

    If the RSI continues in this direction, XRP could build up the strength needed to challenge higher resistance zones.

    Momentum-based traders are likely to keep a close eye on this trend.

    With the RSI staying above the halfway line, it reflects sustained interest in the token from both retail and institutional players.

    The technical structure now favours buyers, as the RSI has consistently held in the bullish range for several days.

    This upward pressure could catalyse a fresh move in the altcoin’s price.

    XRP stabilises above support, targets new resistance

    XRP is currently trading at $2.33. The altcoin has managed to hold above the $2.27 support level, a crucial zone for maintaining its bullish setup.

    XRP price
    Source: CoinMarketCap

    Should XRP continue to hold this level, the next target would be the $2.38 resistance, which has previously acted as a strong ceiling.

    A break above $2.38 and a successful retest as support could propel XRP towards $2.50, a level that would reinforce its bullish momentum.

    However, a failure to defend $2.27 could open the door to short-term weakness.

    Key downside targets include $2.20 and $2.13, with a move below these levels risking a complete invalidation of the recent uptrend.

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  • Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin surges to all time high

    • Bitcoin hit a new all-time high above$109,000 on May 21, 2025.
    • The milestone saw 100% of BTC holders fall into profit.
    • Bitcoin also surpassed Amazon in terms of market cap

    Bitcoin price has just surged to a new all-time high above $109k.

    On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside.

    Over $50 million worth of BTC shorts were liquidated in just an hour.

    100% of Bitcoin holders are in profit

    This latest Bitcoin price surge sent every other holder of the coin into a profitable position.

    According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone.

    With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH.

    Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level.

    A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months.

    Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload.

    Analyst says BTC could hit $600k in 2025

    On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025.

    According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up.

    Bitcoin surpasses Amazon by market cap

    In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon.

    According to details on CompaniesMarketCap, Bitcoin’s spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S.

    While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.

     



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  • iDEGEN hits public shelves with momentum as crypto prices crash

    iDEGEN hits public shelves with momentum as crypto prices crash

    Bitcoin dump

    AI meme crypto market has grown to a market cap of $2.4 billion, and iDEGEN is set to take its rightful position on the table. After three months in the presale stage, it has hit the public shelves with the same viral momentum. 

    Its early adopters are set to continue reaping big from the project as the uncensored AI agent revolutionizes the crypto space. In addition to the 300,000% gains already locked in, its value may surge by at least 10X in coming months. This is despite the selling pressure current felt across the crypto majors.

    Ripple price chart pattern hints at further selling pressure in the short term

    After trading steadily above the support zone of $2.5000 in the past one week, Ripple price has plunged by about 16% since Monday. Similar to other crypto majors, the altcoin is under pressure as extreme fear grips the broader market. 

    A look at its daily chart points to the formation of a bearish death cross pattern as the short-term 25-day EMA crosses the 50-day EMA to the downside. In the near term, the range between $2.0000 and $2.3357 is worth watching. For a firm trend reversal, the bulls will need to gather enough momentum to rebreak the resistance at $2.5500.

    XRP Price
    XRP Price

    iDEGEN debuts on Raydium with the same viral momentum

    iDEGEN has hit the public shelves as promised; ending the three-month-long presale. It has debuted on Raydium, a Solana-based DEX and is set to also list on BitMart on 4th March.

    What started on a blank slate ready to learn from the crypto degens on X has grown into an ultra-popular AI crypto with the potential to compete with other AI meme coins like AI16Z, Hamster Kombat, and Fartcoin. 

    In three months, it has managed to raise $25 million. This has been made possible by its aggressive community, apt timing, and booming AI crypto market. If the presale is anything to go by, its viral momentum is set to yield growth of atleast 10X in the coming months. At its last stage price of $0.038, its early adopters are already enjoying returns of upto 300,000%. 

    Bitcoin spot ETF records streak of outflows as tariff jitters persist

    Bitcoin price

    Concerns over the impact that Trump’s trade policies will have on the US economy have triggered a shift in the market sentiment. Compared to last week’s neutral level of 49, the crypto fear & greed index is now at an extreme fear level of 10. 

    With the resultant plunge in Bitcoin price, Bitcoin spot ETFs have seen persistent outflows as its institutional demand falls. According to SoSoValue, Bitcoin spot ETFs recorded daily total outflows of $754.53 million on Wednesday. Notably, the trend has been on for 7 sessions in a row. 

    On its daily chart, the bearish death cross pattern points to continued selling pressure in the short term. At its current level, the bulls will be keen on defending the support at $81,600. A subsequent correction may have it rebound past $85,000 to find resistance at $90,000. 

       

     

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  • Bitcoin Pepe’s presale hits $2.77M as survey shows memecoins’ rewards outweigh risks

    Bitcoin Pepe’s presale hits $2.77M as survey shows memecoins’ rewards outweigh risks

    Bitcoin Pepe’s presale hits $2.77M as survey shows memecoins’ rewards outweigh risks

    • Bitcoin Pepe presale hits $2.77M as momentum builds.
    • Enthusiasts believe the LIBRA scandal calls for clearer memecoin regulation.
    • Kraken survey shows 76% of investors see memecoin rewards outweighing risks.

    Bitcoin Pepe, heralded as the world’s only Bitcoin Meme ICO, has made headlines by raising $2.77 million out of its $2.85 million presale target in its fourth presale stage.

    The Bitcoin Pepe presale is structured in such a way that the BPEP token price increases as the presale stages progress. For instance, with the fourth stage almost completed, the price is expected to rise from the current price of $0.0243 per token to $0.0255 in the fifth presale stage.

    Notably, the Bitcoin Pepe project aims to bring Solana-like technology to the Bitcoin blockchain, introducing concepts like a Meme Layer-2 for BTC with instant transactions and ultra-low fees. The initiative also includes the launch of a new token standard, PEP-20, allowing for meme coin creation directly on Bitcoin, which they argue is the only blockchain that will “live forever.”

    Regulatory challenges highlighted by the LIBRA scandal

    While Bitcoin Pepe seems to be a success, the memecoin market was recently thrown into confusion following the rug pull of LIBRA, which was expected to be a successful crypto project after it was endorsed by Argentine President Javier Milei.

    Following the LIBRA debacle, which is partly blamed on possible insider trading, Nic Puckrin from Coin Bureau has criticized US regulators for failing to provide a framework that could prevent such incidents.

    According to Puckrin, this vacuum has allowed for fraudulent schemes to proliferate, leading to calls for agencies like the SEC or CFTC to step in. However, there’s a counterargument, with some like Christopher Perkins suggesting that memecoins already enjoy a degree of regulatory clarity under commodity laws, though the broader legal landscape remains grey for these digital assets.

    76% of memecoin investors believe rewards outweigh risks

    Despite the risks associated with meme coins, a recent Kraken survey reveals a surprisingly positive outlook on memecoins.

    According to the survey, an overwhelming 76% of investors believe that the potential rewards of investing in memecoins justify the risks involved. This sentiment is backed by 85% of US crypto holders who have ventured into the memecoin market, driven by factors like price volatility, FOMO, and social endorsements.

    Interestingly, while both genders invest in memecoins at similar rates, the survey shows that women tend to be more cautious, generally allocating a smaller portion of their portfolio to these high-risk assets.

    The survey also highlights that while many are optimistic about memecoins’ performance in 2025, the majority still approach these investments with caution, dedicating only a small fraction of their portfolio to memecoins. This cautious optimism reflects a broader understanding of memecoins’ role in the crypto ecosystem, not just as speculative assets but also as a source of entertainment and diversification.

    With that said, the Bitcoin Pepe (BPEP) memecoin leverages Bitcoin’s security and Solana’s speed, offering investors a compelling memcoin alternative that will possibly outshine previously launched meme coins.



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  • Remittix (RTX) hits $4m presale as XRP holders take notice

    Remittix (RTX) hits $4m presale as XRP holders take notice

    With the cryptocurrency market eyeing a stellar 2025 amid a new wave of optimism, new crypto project Remittix (RTX) is trending.

    The altcoin looks to have stolen the shine off XRP (XRP) early on as its presale hits $4 million. But what’s driving the interest in this project? Could the new era for crypto under President Donald Trump be the catalyst that pushes RTX to the top of the payments finance, or PayFi world?

    What is Remittix (RTX)?

    XRP and Stellar (XLM) have stood out as crypto solutions aim to revolutionize the remittances and cross-border payments space. XRP’s massive traction in the space means its recent bounce in the market may continue as traditional players adopt crypto.

    Remittix (RTX) is entering this ecosystem with a new Ethereum-based payments network targeted for individuals and businesses.

    The project aims at allowing anyone to benefit from the growing adoption of cryptocurrencies with a novel crypto-to-fiat payments solution. With Remittix, users can send crypto and see their recipients get fiat in their bank account.

    The project taps into the blockchain technology’s features of faster, cheaper and transparent transactions to let users send money across borders. Unlike traditional banking apps and solutions, Remittix provides a  multi-currency wallet that lets users easily send over 50 cryptocurrency pairs. It supports more than 30 fiat currencies.

    Native token RTX attracts $4 million in presale

    Interest in Remittix has picked momentum as the crypto market celebrates the inauguration of Donald Trump as the 47th President of the United States. Notably, the presale for the native RTX token raced to over $4 million in under 30 days.

    RTX will power Remittix’s payments ecosystem, providing for governance, staking and rewards. Of the limited supply of 1.5 billion RTX, 50% of it (750 million) has been allocated to the community via a presale. The presale soft cap is $18 million and hard cap is $36 million

    Remittix is celebrating Trump’s inauguration with a 30% bonus that runs to Jan. 28. Presale participants can use the promocode TRUMP30 to unlock the bonus.

    With crypto poised for a bullish reset in 2025 and beyond, the presale offers Remittix buyers a chance to get in early. An environment that supports innovation and regulatory clarity means Remittix could be on the cusp of completely redefining cross-border payments.

    Remittix (RTX) presale price

    So far, savvy crypto investors have scooped nearly 230 million RTX, raising more than $4.1 million as the RTX price jumps to $0.0228.

    The next price increase will push Remittix presale value to $0.0239. RTX presale is 70% sold out in the current stage, which means interested early adopters have a chance to get it at a bargain before price rises.

    Find out more about Remittix and what makes the project stand out by visiting the official website.

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  • Bitcoin hits $109,000 ahead of President-elect Donald Trump’s inauguration

    Bitcoin hits $109,000 ahead of President-elect Donald Trump’s inauguration

    • Bitcoin’s new high surpasses its previous all-time high of $108,000 reached in December
    • President-elect Donald Trump was once critical of Bitcoin, claiming it seemed “like a scam”
    • On the eve of his inauguration, Trump and Melania Trump launched their memecoins

    Bitcoin soared to new heights, hitting over $109,000 ahead of President-elect Donald Trump’s inauguration.

    The number one crypto asset reached its all-time high on January 20 as market sentiment remains optimistic about Trump’s plans for the crypto industry. The new high surpasses its previous record of more than $108,000 achieved in December.

    Data from TradingView shows Bitcoin topped $109,036 around 6:55 am before dropping to $107,000 a few minutes later.

    BTC/USD Chart by TradingView

    Trump mentioned Bitcoin in a Sunday speech, highlighting its record performance since the US election.

    “Since the election, the stock market has surged and small business optimism has soared a record 41 points to a 39-year high,” Trump said. “Bitcoin has shattered one record high after another.”

    Support for crypto

    Once critical of Bitcoin who said that it “seems like a scam” a few years ago, Trump has since embraced crypto, showing his support for it during his presidential election.

    During his campaign trail, he vowed to make the US the “crypto capital” of the world and has appointed several crypto-friendly candidates into his incoming administration. Some familiar names include Paul Atkins as the next US Securities and Exchange Commission (SEC) chair and crypto czar David Sacks.

    Trump is also expected to sign an executive order prioritizing crypto when he enters the White House today.

    On the eve of Trump’s inauguration, he launched his $TRUMP memecoin, which, at one point, was valued at $75 per coin, according to data from CoinMarketCap. At the time of publishing, it’s trading at $51 with a market cap of more than $10 billion.

    Incoming First Lady Melania Trump also launched her memecoin, $MELANIA, which was trading at a high of $13. It has since dropped to $10 with a market cap of over $2 billion.

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  • Bitcoin hits $100k for the first time as bull run continues

    Bitcoin hits $100k for the first time as bull run continues

    An image of a Bitcoin in front a background with arrows pointing up
    • Bitcoin reached the milestone on December 5
    • Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
    • It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair

    Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November.

    On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning.

    At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%.

    While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t hurt Bitcoin that Trump announced pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission.

    Trump has also picked Scott Bessent and Howard Lutnick to head the US Secretary of Treasury and Commerce departments.

    Taking to X, Michael Saylor, CEO of MicroStrategy, said “there’s going to be a $100k party.”

    Earlier this week, Saylor urged Microsoft to adopt Bitcoin saying it represents “digital capital.”

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  • iDEGEN hits $1.6 million as AI tokens bid to join altcoin party

    iDEGEN hits $1.6 million as AI tokens bid to join altcoin party

    The birth of iDEGEN: a new era of community-powered AI

    iDEGEN has hit the crypto market running, riding a major bullish mood engulfing the entire market.

    This comes as traders cheer Bitcoin’s massive and record monthly green candle. As the benchmark crypto looks to break the sell wall at the $100k level, several altcoins are toying with levels that have traders excited.

    Amid the market-wide buzz is an aggressive positioning across the artificial intelligence related space. Some of the best performing tokens in the last few months have been AI tokens, which has analysts pointing to the real upside as one ahead.

    Does this make iDEGEN the biggest opportunity among AI tokens as the bull run shapes up? Here’s more.

    Altcoins eye rally

    While Bitcoin has struggled with the sell wall at $100k, bulls remain upbeat amid a rising supply shock. Demand for the flagship cryptocurrency has seen multiple publicly-listed companies announce major moves to buy BTC.

    The bullish predictions for Bitcoin have also extended to top coins Ethereum, XRP, Solana and Cardano.

    However, analysts are most bullish about small caps and gems in emerging crypto market segments. In 2025, the most profitable tokens are likely in AI. Notably, it’s AI agents that have the market in alert mode. This subsector of the AI and crypto merge has received massive traction after platforms like Terminal of Truth made Goateus Maximus a bull market sensation.

    According to crypto analyst Miles Deutscher, the industry has yet to hit even 0.01% of what these projects can offer.

    “From Adobe to Expedia, many top corporations have built & integrated AI Agents in the past 1-2 years. This trend is only going to increase,” Deutscher said.

    iDEGEN races to $1.6 million presale raise

    iDEGEN’s freelance operation with its launch based on zero knowledge is purely dependent on the real time interactions with users on X. Currently in its presale phase, the iDEGEN token has raced to over $1.6 million.

    This comes as tokens sold in the past week surges to over 385 million, adding to IDGN token’s viral spike after raising over $1 million in just over 72 hours.

    IDGN is “sentient” and “degenerate”.

    Ideally, iDEGEN is an AI project that engages the crypto community through X, tweeting every sixty minutes as its learning evolves. The design starts with a blank AI, but degens have the opportunity to teach it and help it take over crypto twitter.

    As an AI powered “born and raised” agent, iDEGEN has the potential to grow into what the crypto degen community wants. The native token IDGN could evolve similarly, following this trend to surpass GOAT and others.

    iDEGEN will launch in January, and investors have a chance to buy early into a sector at the cusp of a major breakout. Top industry players are making moves that mean the whole sector is only getting started.

    At $0.0201, IDGN is still a relative bargain for a token that could go 100x or more in the next bull cycle.

    Do you want to learn more about iDEGEN or how to buy IDGN? Visit the official presale page.

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  • BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    blackrock ceo larry fink crypto digitalising gold
    • BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days
    • BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October
    • BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years

    BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.

    News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October.

    Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

    With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.

    In a post on X, he said: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”

    Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to iShares data.

    Reaching new heights

    The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that’s showing no signs of slowing.

    The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following news of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, before pushing to $87,000 earlier this week.

    In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach $200,000 in 2025, urging investors to “buy everything they can.”

    It remains to be seen how far Bitcoin will go, but for now, it’s showing no signs of slowing down.



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