_bitcoin-surges-past-3671000-on-positive-sentiment-as-london-stock-exchange-approval-boosts-trading.jpg "Bitcoin Surges Past $71,000 on Positive Sentiment, as London Stock Exchange Approval Boosts Trading from rose fesseden Video Screenshot Preview")
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⏲ Duration: 0:44
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✓ Published: 27-Mar-2024
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✓ Published: 27-Mar-2024
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Bitcoin briefly surpassed $71,000 on Tuesday amid positive sentiment around new potential Bitcoin-based institutional products. The London Stock Exchange approved the trading of bitcoin and ether exchange-traded notes, fueling upside momentum. Projects linked to Coinbase Ventures saw average gains of 10%, while the CoinDesk 20 index rose over 4%. Open interest in crypto futures jumped nearly 8%, indicating new money entering the market. Grayscale's Bitcoin trust saw record outflows last week, but some say this doesn't reflect the overall market.
Bitcoin briefly surpassed $71,000 on Tuesday amid positive sentiment around new potential Bitcoin-based institutional products. The London Stock Exchange approved the trading of bitcoin and ether exchange-traded notes, fueling upside momentum. Projects linked to Coinbase Ventures saw average gains of 10%, while the CoinDesk 20 index rose over 4%. Open interest in crypto futures jumped nearly 8%, indicating new money entering the market. Grayscale's Bitcoin trust saw record outflows last week, but some say this doesn't reflect the overall market.
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