**: China ** newspaper.
China ** newspaper reporter Li Zhi.
Bitcoin, which had been silent for many days, suddenly ushered in a wave of sharp rises.
On February 27, Bitcoin** once exceeded $57,000, a two-year high, and the market value of Bitcoin has exceeded one trillion dollars. At the same time, the cryptocurrency market collectively "soared", with nearly 70,000 people liquidating their positions in the last 24 hours.
Bitcoin soared.
On February 27, Bitcoin once exceeded $57,000, with the largest intraday increase of more than 10%, a new high since December 2021.
At the same time, the cryptocurrency market is collectively "soaring" today, with Ethereum, Dogecoin, BNB, etc. all soaring.
The data shows that nearly 70,000 people have liquidated their positions in the last 24 hours, and the total amount of liquidations is 3$6.7 billion.
Giants shot. Aggressively increased the position of 3,000 BTC.
On February 26, local time, Michael Saylor, the founder of MicroStrategy, posted that MicroStrategy once again used about 1$55.4 billion** bought about 3,000 bitcoins, with an average price of about $51,813 per bitcoin. The move further boosted optimism about Bitcoin.
It is reported that MicroStrategy is the listed company with the largest number of bitcoin holdings in the world, which makes the company's total bitcoin holdings reach about 1930,000 pieces, worth more than 10 billion US dollars.
In addition, Bitcoin's recent strong performance is also related to the approval of the Bitcoin spot ETF for listing.
On January 10, the U.S. ** Exchange Commission (SEC) approved 11 spot bitcoin ETFs, authorizing 11 ETFs to start listing and trading on January 11, and the approved spot bitcoin ETF issuers include Grayscale, iShares, ARK 21shares, Invesco Galaxy, etc.
Since then, Bitcoin** has started a big rally, with the trading volume of Bitcoin ETFs breaking historical records and the market value of Bitcoin ETFs soaring. According to Coinglass data, the total market capitalization of Bitcoin ETFs (including spot and ** ETFs) has exceeded $40 billion.
CITIC ** said that the SEC has standardized the trading method of cryptocurrencies to a certain extent through the Bitcoin ETF, and it is expected that the cryptocurrency market dominated by ** in the past will have certain changes, and more liquidity will be expected to bring short-term prosperity of cryptocurrencies in the first half of 2024. For cryptocurrency exchanges, the launch of Bitcoin ETFs will have a certain impact on their original trading commission income, and will have a greater impact on small exchanges that rely on commissions for their livelihood. However, for large exchanges, as spot custodians of ETFs, it is expected that the lost trading commissions will be compensated by the escrow service to a certain extent, and benefit from the increase in the value of the traded currencies in the long run.
Related concept stocks were active.
Affected by the news of Bitcoin's sharp rise, on February 27, the digital currency sector of Hong Kong stocks was collectively active, with OSL Group rising more than 25% intraday, Xiongan Technology rising more than 11%, and Meitu and New Huo Technology Holdings following suit.
In addition, the pre-market collective of blockchain concept stocks in the United States, CleanSpark rose by more than 11%, and Marathon Digital, Canaan Technology, Coinbase, etc.
Editor: Captain Review: Xu Wen.