Bitcoin was nearing the previous record high of $69k yesterday. This sudden boom in value resulted in many ETFs posting positive inflows apart from a few exceptions. They included some of the smaller bitcoin ETFs that haven’t done so well since the financial instruments were allowed by the United States Securities and Exchange Commission (SEC). 

Bitcoin reached as high as $68.6k earlier today, give or take a few hundred dollars depending on the exchange. However, the premier digital asset has receded slightly earlier today, going below $63k. Therefore, the ETF flow table for tomorrow will be quite interesting as well.

Here is a complete breakdown of the net ETF flow table:

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Bitcoin is having a massive start to March with the premier digital asset coming agonizingly close to its All-Time High (ATH) of $69k. Bitcoin ATH was very close yesterday, as the digital asset reached as high as $68.7k on some exchanges but couldn’t manage to reach the ultimate level. However, in many countries around the world, there were trends of a new ATH.

Was Bitcoin ATH Achieved Yesterday?

It depends on who you ask. Bitcoin didn’t post a new ATH against the USD but it did post record exchange rates against many of the top fiat currencies of the world. They include the Euro (EUR), Indian Rupee (INR), Canadian Dollar (CAD), Chinese Yen (CNY), Nigerian Naira (NGN), Pakistan Rupee…

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In an extraordinary development for the cryptocurrency world, Bitcoin has achieved a milestone that sets it apart from price fluctuations. IntoTheBlock, a leading on-chain analytics aggregator, has announced that an unprecedented 100% of Bitcoin addresses are currently in profit. This significant achievement came as Bitcoin’s value climbed to $68,000, reflecting widespread optimism within the cryptocurrency sector. The data indicates that all 1.06 million Bitcoin addresses have seen gains, underscoring the universal profitability for Bitcoin investors at this juncture.

Adding to the positive momentum, IntoTheBlock reports that major investors, known as whales, have acquired an additional 4,177 BTC in the past week alone, equivalent to more than $279 million. This investment surge point

Twitter

The Virginia Senate has passed a groundbreaking bill aimed at propelling the state into a leading position in the crypto ecosystem. Senate Bill No. 339, introduced on February 5, focuses on the study and expansion of blockchain technology, digital asset mining, and cryptocurrencies within Virginia. This initiative received overwhelming support, passing through the Virginia House of Delegates on March 4 with a remarkable majority voting in favor.

Crafted by Senator Saddam Azlan Salim, the bill notably eases the path for crypto miners by removing the need for a money transmitter license and safeguarding their operations from specific local regulations. This legislation paves the way for a dedicated 13-member workgroup, drawing expertise from both legislative bodies, the blockchain industry, and local government representation. Their mission is to deliver strategic recommendations by November 1, 2024, for enhancing the state’s role in the burgeoning crypto sector. This proactive approach signifies Virginia’s commitment to fostering innovation and securing a favorable stance in the rapidly evolving digital asset landscape.

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Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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