On September 17, 2024, US time, the price of Bitcoin has returned to $61,000. Analyst Jelle believes that it is very likely to break through $65,000 and set a new record high for the coin price. At the same time, according to Lookonchain’s monitoring data, on September 17, a total of ten US Bitcoin ETFs saw a net inflow of 240 BTC, equivalent to about $14.61 million, among which BlackRock iShares saw an inflow of 273 Bitcoin, equivalent to about $16.62 million. Currently, iShares holds 357,550 Bitcoin, equivalent to about $2.175 billion.
These positive signals on September 17 have given great confidence to BTC holders, with the Fear and Greed Index rising from 26 in the previous days to 45. People believe that this rise in coin price is not simply a fluctuation caused by the game between bulls and bears. Since the temporary end of Mt. Gox’s repayments to creditors, it is widely believed that the bearish factors in the BTC market have basically been exhausted, and the market has been waiting for a good reason to rise, such as Trump’s election success, the Federal Reserve’s interest rate cut, etc. Until September 16, people waited for the news that Binance founder CZ was about to be released, and MicroStrategy announced plans to raise a $700 million loan for purchasing more BTC.
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Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
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