Finance
Bitcoin Skyrockets Past $93K Amidst Robust U.S. Market Demand
Bitcoin has climbed above $93,000 as strong demand from American investors pushes prices to new heights.
1 min read
Bitcoin surged past the $90,000 resistance level early in the U.S. trading day and reached over $93,000. This increase was driven by significant demand highlighted by a rise in the Coinbase Premium Index, which is at its highest since April. The iShares Bitcoin ETF by BlackRock traded with impressive volume, making it one of the top exchanged products across all ETFs.
Key Points:
- Bitcoin's price jumped through the $90,000 benchmark during U.S. morning trading hours.
- The Coinbase Premium Index indicated strong buying from U.S. investors.
- Blackrock's iShares Bitcoin ETF was highly active in initial trading.
Despite a slight pullback, Bitcoin was trading at approximately $92,200, reflecting nearly a 7% increase within the last 24 hours.
