Wed, Oct 30, 2024 1:00 PM
Motisons Jewellers share rally over 400% over issue price in just 10 months
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BlackRock’s IBIT recorded over $629 mn in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections. U.S. spot bitcoin ETFs saw over $870 million in net inflows on Tuesday, with BlackRock's IBIT leading at $629 mn. This surge in investments coincided with bitcoin's price nearing its all-time high, fueled by pre-election market volatility expectations.
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Visa and Coinbase have linked to offer customers the ability to instantly deposit and withdraw from the crypto exchange via eligible Visa debit cards.Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership.
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If Bitcoin continues to “mature” and governments keep issuing large volumes of fiat currency, its price could soar above $200,000 without any major devaluation of the US Dollar, says Bitwise CIO Matt Hougan. Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US dollar to collapse.
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