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2 min read 13 Nov 2024

Bitcoin above $91K: amid rising inflation and record-breaking Blackrock

By Daniele Corno

Inflation rises, a new boost for Bitcoin, which breaks $91k as Blackrock's IBIT continues its RECORD climb

Bitcoin above $91K: amid rising inflation and record-breaking Blackrock

Bitcoin is “ON FIRE”

It has only been 7 days since the election of Donald Trump, but market strength does not tend to diminish.

Bitcoin flies and also breaks the psychological threshold of $90,000, the price level that has contained the price expansion in the last 48 hours. The latest data released, related toU.S. inflation show a reversed trend.

After a downward movement that began in March 2024, for the first time inflation shows signs of growth, with a figure of 2.6 percent, up from August and September levels of 2.5 percent and 2.4 percent, respectively.

The latter figure provided a further boost to Bitcoin, which again, is in price discovery, looking for a new price high, on its way to the true psychological level, that of $100,000.

Record-breaking ETFs support Bitcoin's growth

New highs? No matter, investors continue to buy ruthlessly.

Volumes continue to grow, as do the influences on investment products, which continually mark new RECORDS. In the first two days of the current week, there are over $2 billion inflows on ETFs. Blackrock obviously dominates, garnering over 75% of inflows, setting new RECORDS.

In fact,IBIT, with an AUM close to $42 billion as of yesterday,ranks 39th on the list of the 100 largest ETFs in the world.

Awaiting the next psychological threshold, that of the famous “Laser Eyes” or $100,000, Bitcoin marks on the weekly chart a +13%, up more than $10,000 from Sunday night’s prices.

With this appreciation, Bitcoin is also the seventh largest asset in the world by capitalization, surpassing Saudi Aramco and putting Alphabet (Google) in its sights.

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Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 117,959.60
ethereum
Ethereum (ETH) $ 2,961.56
xrp
XRP (XRP) $ 2.79
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 690.02
solana
Solana (SOL) $ 161.87
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198944
tron
TRON (TRX) $ 0.300153
staked-ether
Lido Staked Ether (STETH) $ 2,960.07
cardano
Cardano (ADA) $ 0.739850
hyperliquid
Hyperliquid (HYPE) $ 47.78
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,743.55
stellar
Stellar (XLM) $ 0.433731
wrapped-steth
Wrapped stETH (WSTETH) $ 3,575.79
sui
Sui (SUI) $ 3.42
chainlink
Chainlink (LINK) $ 15.26
bitcoin-cash
Bitcoin Cash (BCH) $ 506.00
hedera-hashgraph
Hedera (HBAR) $ 0.225362
avalanche-2
Avalanche (AVAX) $ 21.10
leo-token
LEO Token (LEO) $ 9.07
wrapped-eeth
Wrapped eETH (WEETH) $ 3,173.05
shiba-inu
Shiba Inu (SHIB) $ 0.000013
the-open-network
Toncoin (TON) $ 3.00
weth
WETH (WETH) $ 2,961.91
usds
USDS (USDS) $ 1.00
litecoin
Litecoin (LTC) $ 94.25
whitebit
WhiteBIT Coin (WBT) $ 46.18
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 337.29
polkadot
Polkadot (DOT) $ 3.97
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 117,979.61
ethena-usde
Ethena USDe (USDE) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
bitget-token
Bitget Token (BGB) $ 4.40
uniswap
Uniswap (UNI) $ 8.48
aave
Aave (AAVE) $ 303.88
bittensor
Bittensor (TAO) $ 390.50
dai
Dai (DAI) $ 1.00
pi-network
Pi Network (PI) $ 0.469579
aptos
Aptos (APT) $ 4.92
crypto-com-chain
Cronos (CRO) $ 0.102244
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
near
NEAR Protocol (NEAR) $ 2.51
okb
OKB (OKB) $ 48.90
internet-computer
Internet Computer (ICP) $ 5.39
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 196.54
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
ondo-finance
Ondo (ONDO) $ 0.887303
ethereum-classic
Ethereum Classic (ETC) $ 18.27