Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin (BTC) soared past $82,000 as investor interest rose again.
ADOPTION NEWS

Bitcoin (BTC) soared past $82,000 as investor interest rose again.

By Crypto FlexsNovember 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin (BTC) soared past ,000 as investor interest rose again.
Share
Facebook Twitter LinkedIn Pinterest Email

james ding
11 November 2024 16:32

Following Donald Trump’s re-election, Bitcoin experienced a 23% price surge, hitting new highs above $82,000. Institutional demand and ETF inflows strengthen market momentum.





Bitcoin (BTC) reached unprecedented highs, surpassing $82,000 following Donald Trump’s re-election as US President. According to Bitfinex, this milestone is a 23% increase from the cryptocurrency price just before the election.

Institutional demand and ETF inflows

The notable rise in the value of Bitcoin was mainly due to significant investment inflows through exchange-traded funds (ETFs), which recorded a record inflow of $2.28 billion over three days. BlackRock’s IBIT ETF alone attracted $1.1 billion in net inflows, reflecting new institutional interest in Bitcoin. This surge in demand has been instrumental in stabilizing market dynamics, even as aggregated spot cumulative volume deltas indicate strong buying activity across major exchanges.

Market speculation and stability

Open interest on Bitcoin futures and perpetual contracts also reached a record high of $45.43 billion, suggesting increased speculative activity. Nonetheless, the market remains relatively stable, with open interest and prices balancing at high levels. Earnings activity is moderate compared to previous highs, suggesting the market is recalibrating its fair value expectations.

Potential resistance and economic factors

Bitcoin’s momentum is strong, but experts predict that the $82,000-$85,000 range could become a psychological resistance point. Bitcoin is likely to fall to $77,000 to close the CME gap before resuming its upward trajectory. The current strength of the U.S. economy, driven by consumer confidence and growth, further supports this optimism. However, inflation risks remain a concern due to possible policy changes under the Trump administration.

Regulatory developments and future prospects

On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has once again postponed a decision on a spot Ethereum ETF, citing concerns about investor protection and market stability. This cautious approach highlights the ongoing scrutiny the cryptocurrency market is facing, despite growing interest in Ethereum ETFs beyond mid-2023.

At the same time, Tether has expanded its reach into commodity markets, successfully financing a $45 million crude oil transaction in the Middle East. This move is an important step for Tether’s trade finance division, which aims to position USDt as an innovative tool for global trade.

The market’s continued optimism, bolstered by institutional participation and new-found demand, lays a solid foundation for continued price discovery for Bitcoin. However, economic conditions and regulatory developments will remain major factors influencing future market dynamics.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

Cryptocurrency exchange Kraken’s US SEC case dismissed

August 23, 2024

Bitcoin (BTC) Recovers Key Levels Amid Federal Reserve Rate Cut

September 26, 2024

Latest poll shows Biden-themed meme coin surges 70%

April 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.