The post Bitcoin price hits record high in Japan as fresh inflows fuel rally appeared on BitcoinEthereumNews.com.

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Bitcoin has hit a record high against the Japanese Yen following a 25 per cent price increase over the last two weeks for the cryptocurrency. The tk Spot ETF “Market momentum continued to be fueled by the high demand for BTC ETFs,” noted Matteo Greco, a research analyst at investment firm Fineqia International. “Throughout last week, the cumulative net inflow into BTC ETFs totaled about $2.3 billion, nearly doubling the $1.2 billion recorded in the previous week, and accounting for almost half of the total net inflow since inception, which currently stands at roughly $5 billion.” tk Price momentum has also been fueled by the prospect of the upcoming halving event, which will see the rewards for mining the cryptocurrency slashed in half. Source: https://www.independent.co.uk/tech/bitcoin-price-latest-halving-prediction-b2498671.html

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Filed under: News - @ February 19, 2024 4:24 pm