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[Market Update] Bitcoin (BTC) briefly surpasses $108,000, hitting an all-time high

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Minseung Kang
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  • Bitcoin (BTC) hit an all-time high, briefly surpassing $108,000.
  • U.S. Bitcoin spot ETFs saw an inflow of $630 million, marking 13 consecutive trading days of net inflows.
  • MicroStrategy is accelerating its Bitcoin purchases, continuing the upward trend.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC) briefly surpassed $108,000, setting a new all-time high.

As of 11:53 PM on the 17th, BTC is trading at $108,067 on the Binance USDT market, up 2.05% from the previous day (156,840,000 KRW on the Upbit exchange).

Eleven Bitcoin spot ETFs listed in the U.S. saw an inflow of $630 million the previous day, marking the 13th consecutive trading day of net inflows. Companies like MicroStrategy are also accelerating their Bitcoin purchases, adding momentum to the upward trend.

Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is at 0.99%.

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Minseung KangholderBadgeholderBadge dark

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

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