Crypto Surge: Bitcoin Hits $120K, Ethereum & BNB Reach New Highs
Cryptocurrency markets surged today, with Bitcoin, Ethereum, and Binance's BNB reaching new heights. Meanwhile, the U.S. Treasury executed a significant buyback, and Bitcoin options saw increased activity. Notably, there's no record of a U.S. president proposing a voting stipend funded by customs receipts.
Bitcoin led the charge, surging to $120,027, up 2.55% daily and nearly 10% weekly, with a market cap of $2.39 trillion. Ethereum hit $4,480, and Binance's BNB reached an all-time high of $1,108 during the market surge.
Spot ETF inflows for BTC were +$627 million and for ETH were +$307 million, marking four straight days of inflows. Bitcoin futures market saw $134.7 million in liquidations over the last 24 hours, with $117 million attributed to shorts.
The U.S. Treasury executed another $2 billion buyback, bringing the weekly total to $4.9 billion. Bitcoin options cluster around $100K-$120K, with light call demand at $130K and speculative interest at $300K.
The cryptocurrency market continues to show strength, with Bitcoin and other major coins reaching new highs. Meanwhile, the U.S. Treasury's buyback indicates a significant market presence. Despite the market activity, there's no record of a U.S. president proposing a voting stipend funded by customs receipts.
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