Bitcoin ETFs have taken the market by storm, racking up a staggering $7.8 billion in trading volume within their first two days. This unprecedented demand reveals a newfound appetite among institutional investors, marking a pivotal moment for the cryptocurrency’s journey towards mainstream acceptance. The regulated exposure and risk mitigation offered by ETFs entice cautious players, potentially injecting stability and liquidity into the Bitcoin market while fueling further price gains. This record-breaking surge paints a vibrant picture for the future, suggesting that Bitcoin’s path to wider adoption is paved with institutional interest.
Trading chaos erupted on Binance as the price of its Bitcoin/USDT contract inexplicably surged to $420,000 multiple times, raising concerns about platform stability and sparking confusion among traders.