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Bitcoin Rockets to $93K - Will ETFs & All-Time Highs Continue to Surge?

Author

Austin Hodge
November 14, 2024 • Read Time: 15 minutes

Bitcoin has once again set the market ablaze by hitting a staggering $93,477 all-time high before sliding back to slightly lower levels. Driven by the crypto fervor following Donald Trump’s election victory and the insatiable demand from Bitcoin ETFs snapping up nearly every available token, BTC is riding high with a jaw-dropping weekly gain of 20%.

Meanwhile, Republicans secure a majority in the US House and ETFs are rewriting their own story, with BlackRock's IBIT fund outperforming expectations and rattling financial giants. Just to stir the pot further, a new FDIC report indicates more underbanked and unbanked Americans use crypto than fully banked households, signaling a fascinating measure of trust and potential from an important, but often overlooked segment of the economy.

In this electrifying rally, the rising tide of Bitcoin seems to be lifting all crypto boats.

What does this mean for the digital currency landscape?

Let's dive in!

  • Bitcoin ETFs drive $93K peak, spot inflows surge with BlackRock's IBIT leading. — Read More

  • FDIC reports 6.2% of underbanked U.S. households use crypto, surpassing 4.8% of fully banked households. — Read More

  • Republicans secure House majority and spur pro-crypto optimism while facing leadership changes and potential crypto bill challenges. — Read More

  • FBI raids Polymarket CEO's Manhattan home, sparking speculation of political retribution over election market predictions. — Read More

  • Sygnum reveals growing institutional confidence in crypto, with 60% betting on long-term gains amidst economic uncertainty. — Read More

  • Arca and BlockTower consolidate to enhance institutional crypto offerings amid rising market demand. — Read More

  • DFINITY unveils upgrades to Tokamak, Beryllium, and Stellarator, enhancing ICP's speed, scalability, and developer tools. — Read More

  • Pressman Films embraces blockchain to revolutionize film financing, bridging gaps between creators and consumers. — Read More

  • Fintopio introduces an innovative CeDeFi wallet facilitating crypto transfers using Telegram usernames, driving adoption in emerging markets. — Read More

  • BlockJoy's BlockVisor 2.0 offers 80% cost savings over traditional cloud providers, enabling decentralized blockchain node management on bare metal infrastructure. — Read More

  • Crypto.com acquires Australian broker Fintek Securities for expanded financial products. — Read More

  • 57% of institutional investors to increase crypto allocations, with 79% planning to invest more by 2025 amid growing trust in digital assets. — Read More

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