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Block Newsroom
Bitcoin has accumulated a nearly 40% increase this month, analysts say there is still greater growth potential ahead.
After Trump won the election, bitcoin continued to rise, setting multiple new records.
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Latest cryptos news | Bitcoin stabilizes at a high of $96,000; hot money inflow! The usa bitcoin etf sets a new monthly inflow record.
According to Bloomberg, as of now, the usa has seen a net inflow of 6.2 billion dollars for 12 bitcoin spot etfs this month, surpassing the previous peak of 6 billion dollars set in February.
Hot money is pouring in! The bitcoin ETF in the USA is expected to set a monthly record for fund inflow.
Due to Trump's support for cryptos, bitcoin, as a digital currency, has historically reached 99,588 dollars per coin, with 12 usa spot bitcoin etfs soon to welcome record monthly net inflows. Bloomberg compiled data shows that as of November, etfs issued by firms such as blackrock and fidelity investments have attracted 6.2 billion dollars in funding. The previous peak inflow of 6 billion dollars was set in February this year, when investors were excited about these products launched at the beginning of the year. A week ago, bitcoin approached the milestone level of 0.1 million dollars for the first time, just about 300 dollars short, due to Trump's commitment to abolish.
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Latest crypto news | Optimism spreads! Bitcoin rebounded to $0.097 million at one point; Trump's new government ministerial nominees, more than 5 of them are 'crypto players'.
According to sources, the transition team of the US President-elect Trump has interviewed senior financial regulatory figure and prominent figure in the conservative financial world, Paul Atkins, as a candidate for the chairman of the Securities and Exchange Commission (SEC).
Express News | Hong Kong plans to implement tax reductions on cryptos for private equity and hedge funds.
RBC Capital Maintains Block(SQ.US) With Buy Rating, Raises Target Price to $110
Express News | Bloomberg: Many analysts predict that BTC may short-term break through 0.1 million US dollars, as the market is in the price discovery stage.
Cathie Wood Buys Amazon, AMD Stock — Trims Palantir, Block Holdings Amid AI And Bitcoin Euphoria
Cryptocurrency supporters have become popular candidates for SEC chairman, with ethereum surging over 10%.
Senior financial regulator and conservative financial figure Atkins has become a popular candidate for SEC chairman; he is a staunch supporter of digital assets and cni xiangmi lake fintech index companies.
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BMO Capital raised Block's target price to $100.
Gelonghui, November 27｜BMO Capital: Raised Block's target price from $94 to $100, while lowering the rating from "Outperform" to "Market Perform". (Gelonghui)