Top Crypto Gainers Today on DEXTools – SENDEX, HABIBI, VIRTU
Bitcoin stole the headlines on Wednesday after briefly surging to $64,000, before an abrupt reversal back to $60,000 eroded intra-day gains back to about 5.5%, while traders hunting fast exponential gains continue to turn to the on-chain shitcoin markets in the hunt for top crypto gainers today.
BTC is up 5.5% today and around 17% this week, impressive stuff.
Driving the upside has been a surge in demand for spot Bitcoin ETFs.
Indeed, daily trading volumes in BlackRock’s leading spot Bitcoin ETF hit fresh record highs above $2.7 billion on Wednesday.
As Bitcoin surged past $60,000 and on toward a new record, investors pumped a record $520 million into BlackRock’s Bitcoin ETF in a single day https://t.co/a1CkGR9J6w
— Bloomberg Crypto (@crypto) February 28, 2024
Meanwhile, as per crypto media reports, US investment banking giant Morgan Stanley is mulling adding spot Bitcoin ETFs to its massive brokerage platform.
This could open the door to a fresh wave of inflows.
MORGAN STANLEY EVALUATING SPOT BITCOIN ETFS FOR ITS GIANT BROKERAGE PLATFORM- COINDESK
— First Squawk (@FirstSquawk) February 28, 2024
Leading US crypto exchange Coinbase also experienced various technical difficulties on Wednesday.
BREAKING: Coinbase, $COIN, crashes with many users showing $0 balance as #Bitcoin hits $64,000.
After Coinbase crashed, Bitcoin fell $4,000 in just under 30 minutes to $60,000.
Coinbase released a statement saying "your assets are safe" and that they are investigating the… pic.twitter.com/PvIoPensrH
— The Kobeissi Letter (@KobeissiLetter) February 28, 2024
Some analysts interpreted this as a bull-market signal, indicative of a sudden surge in retail demand.
While Bitcoin’s near-term outlook remains very bullish, investors looking for much faster
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