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Feb 27 - Bitcoin hits two-year high



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 2 months ago '24        #1
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Sh33d  topics gone triple plat - Number 1 spot x2
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Feb 27 - Bitcoin hits two-year high
 

 
Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.
Bitcoin has rallied more than 10% in two sessions, helped by Monday's disclosure from crypto investor and software firm MicroStrategy (MSTR.O), opens new tab that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.


The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets.
Bitcoin rose by as much 4.3% to $57,036, its highest since late 2021. It was last up 3.6% at $56,636, while ether rose by as much as 2.7% to $3,273, its highest since April 2022.


There's only so much supply ... but the demand unleashed by the U.S. spot ETFs seems to be relentless," said Justin d'Anethan, head of partnerships in Asia at Keyrock, a digital asset market maker.
A major incentive right now is the bitcoin halving event in April. This process is designed to slow the release of bitcoin, whose supply is capped at 21 million - of which 19 million have already been mined - by cutting the reward for producing the tokens in half.


Bitcoin has gained 32% in value so far in February, heading for its largest one-month gain since January 2023, and momentum is building beyond the investment community.

Social media platform Reddit, which on Feb. 22 filed to list its shares on the New York Stock Exchange, said it had invested a small portion of its excess cash reserves in bitcoin, opens new tab, ether and matic, the native token of the Polygon network, as a form of payment for sales of certain virtual goods.

Ether has risen at an even faster pace this month, heading for a 41% gain.
Anticipation is growing among market participants over the possible regulatory approval of spot ether ETFs, which has helped this latest rise in price.
"The prospect of a spot ethereum ETF is a further development for traders and investors alike after the recent launch of a variety of bitcoin ETFs," DailyFX senior strategist Nick Crawley said in a note.
"It represents a further maturation of the cryptocurrency market and a recognition of ethereum's role in the future of cryptocurrencies within the financial system."
Shares of crypto exchange Coinbase (COIN.O), opens new tab rose 5.2% in U.S. premarket trading, while bitcoin miners Marathon Digital (MARA.O), opens new tab and Riot Platforms (RIOT.O), opens new tab climbed 8.3% and 4.5%, respectively.
The largest bitcoin ETF Grayscale Bitcoin Trust (GBTC.P), opens new tab rose 4.3%.
 https://www.reuters.com/t .. le-2024-02-27/
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282 comments

 2 months ago '10        #2
SmoothTay  topics gone triple plat - Number 1 spot x19
Props total: 173516 173 K  Slaps total: 29387 29 K
Justin747 takes nothing but Lís 😂😂😂

He said Bitcoin would crash to 0 by 2023
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What a fu#king idiot that guy is
+46   

 2 months ago '10        #3
Shhon  topics gone triple plat - Number 1 spot x3
Props total: 56080 56 K  Slaps total: 4960 4 K
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+4   

 2 months ago '23        #4
Typewriter 
Props total: 8771 8 K  Slaps total: 5945 5 K
Had about $2k left over after cashing out from the 2022 bull run. Left it in there just for the hell of it. sh1t is up to like $6k now and I'm just wondering when I should pull it out for good lol.
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 2 months ago '15        #5
MedifriedChickn 
Props total: 1885 1 K  Slaps total: 605 605
 SmoothTay said 🔗
Justin747 takes nothing but L’s ������

He said Bitcoin would crash to 0 by 2023
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What a fu#king idiot that guy is
For real that dumba$s probably makes horrible life decisions too. All his claims on btc show that he doesn’t think rationally
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 2 months ago '04        #6
ItAlY2BkLyN  topics gone triple plat - Number 1 spot x5
Props total: 88062 88 K  Slaps total: 15923 15 K
 Typewriter said 🔗
Had about $2k left over after cashing out from the 2022 bull run. Left it in there just for the hell of it. sh1t is up to like $6k now and I'm just wondering when I should pull it out for good lol.
When it hits $100k bro

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+20   

 2 months ago '22        #7
Yousabitchtoo 
Props total: 11098 11 K  Slaps total: 4068 4 K
 Typewriter said 🔗
Had about $2k left over after cashing out from the 2022 bull run. Left it in there just for the hell of it. sh1t is up to like $6k now and I'm just wondering when I should pull it out for good lol.
Word mine is up to $10,500. Iím watching it. Seems that this gets pumped for a few days and the dump happens. Iím not missing this train. Iím selling before it drops and then buying back in when it drops. People are making a lot of money doing that
+9   

 2 months ago '06        #8
Lord Booker  topics gone triple plat - Number 1 spot x8
Props total: 12000 12 K  Slaps total: 1457 1 K
just wait until it hit's 100k, then the real run begins.
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 2 months ago '16        #9
BathWaterMelody  topics gone triple plat - Number 1 spot x19
Props total: 145429 145 K  Slaps total: 17351 17 K
 SmoothTay said 🔗
Justin747 takes nothing but Lís 😂😂😂

He said Bitcoin would crash to 0 by 2023
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What a fu#king idiot that guy is
@🔗

+14   

 2 months ago '16        #10
drizz  topics gone triple plat - Number 1 spot x1
Props total: 8658 8 K  Slaps total: 2286 2 K
Why is it going up? If you can't answer this then do not buy it.
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 2 months ago '17        #11
justin747  topics gone triple plat - Number 1 spot x5
Props total: 227875 227 K  Slaps total: 41867 41 K
Top 10 BXSC sportsbetter
 SmoothTay said 🔗
Justin747 takes nothing but Lís 😂😂😂

He said Bitcoin would crash to 0 by 2023
emoji
emoji
emoji


What a fu#king idiot that guy is
 BathWaterMelody said 🔗
@🔗

I never once said Bitcoin was going to zero. Ever.

Youíre better off holding a conversation with a dog than that ret@rd. Smooth Brain Tay is proof that abortions should never be illegal. fu#kin oxygen thief running around Boxden in his 40s posting Tik Tok conspiracies

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We go thru this sh1t every time. It goes up, yall celebrate, then it drops again.

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 2 months ago '22        #12
Deuce2fo1six 
Props total: 7953 7 K  Slaps total: 753 753
Couple years ago yall said it was gon be 100k by the end of 2021and instead it crashed.

Don’t nobody know sh1t about sh1t when it comes to crypto. Too volatile
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Top 10 most propped recently  2 months ago '18        #13
shooter  topics gone triple plat - Number 1 spot x31
Props total: 93734 93 K  Slaps total: 9882 9 K
 SmoothTay said 🔗
Justin747 takes nothing but L’s ������

He said Bitcoin would crash to 0 by 2023
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emoji
emoji


What a fu#king idiot that guy is
Ain't that the same guy from my Microsoft thread?

Edit:

Yea this dude is hilarious.

 justin747 said 🔗
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Google's search algorithm is legendary.

ChatGP is cool but you're overestimating it's importance. Google has absolutely nothing to worry about.


Last edited by shooter; 02-27-2024 at 04:36 PM..
+7   

 2 months ago '17        #14
justin747  topics gone triple plat - Number 1 spot x5
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Top 10 BXSC sportsbetter
 shooter said 🔗
Ain't that the same guy from my Microsoft thread?

Edit:

Yea this dude is hilarious.
I was talking from a stock perspective

Iíd NEVER invest in Microsoft tho. I donít give a fu#k how much money it could make. Some companies I just donít fu#k with and M$ is one of them

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 2 months ago '19        #15
Bxswaggerjacker 
Props total: 11418 11 K  Slaps total: 2039 2 K
It’s gonna go up to 200k by next winter mark my words
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 2 months ago '17        #16
Its 
Props total: 67805 67 K  Slaps total: 5443 5 K
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 2 months ago '16        #17
Genes 
Props total: 15304 15 K  Slaps total: 32164 32 K
Justin747




Fgt
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Top 10 most slapped recently  2 months ago '22        #18
MONEY WORLD 
Props total: 16487 16 K  Slaps total: 14830 14 K
Its going parabolic after the halving...
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 2 months ago '24        #19
Mixbag 
Props total: 6181 6 K  Slaps total: 1742 1 K
I wonder if eth is gonna go up with btc I bet it does I’ll buy more
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 2 months ago '04        #20
thetrapper  topics gone triple plat - Number 1 spot x1
Props total: 7577 7 K  Slaps total: 355 355
 Typewriter said 🔗
Had about $2k left over after cashing out from the 2022 bull run. Left it in there just for the hell of it. sh1t is up to like $6k now and I'm just wondering when I should pull it out for good lol.
put it on a bitcoin wallet that u control the keys to and not an exchange

and forget about it until 2028 lol

this cycle will go until summer/fall 2025 then a bear market end of 2025 till middle 2027 then rinse and repeat
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 2 months ago '04        #21
thetrapper  topics gone triple plat - Number 1 spot x1
Props total: 7577 7 K  Slaps total: 355 355
 Mixbag said 🔗
I wonder if eth is gonna go up with btc I bet it does Iíll buy more
eth hitting 5 figures this cycle for sure
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 2 months ago '24        #22
Mixbag 
Props total: 6181 6 K  Slaps total: 1742 1 K
 thetrapper said 🔗
eth hitting 5 figures this cycle for sure
That sh1t hit five ďIím rich biotchĒ

I highly doubt it tho but you never know sh1t Iíll take 7.5
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 2 months ago '05        #23
JimDinO77  topics gone triple plat - Number 1 spot x4
Props total: 61241 61 K  Slaps total: 9119 9 K
Market as a whole been pretty healthy…
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 2 months ago '23        #24
JimmyNewtron  topics gone triple plat - Number 1 spot x3
Props total: 3886 3 K  Slaps total: 627 627
 justin747 said 🔗
I never once said Bitcoin was going to zero. Ever.

Youíre better off holding a conversation with a dog than that ret@rd. Smooth Brain Tay is proof that abortions should never be illegal. fu#kin oxygen thief running around Boxden in his 40s posting Tik Tok conspiracies

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We go thru this sh1t every time. It goes up, yall celebrate, then it drops again.

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Gotta be the top 3 most miserable ******* on Boxden
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+11   

 2 months ago '14        #25
Sphynx 
Props total: 143342 143 K  Slaps total: 33291 33 K
Still people who holding onto their $68k Bitcoin buy in losses from 2021, just hoping to break even so to they can get their money out before the next 2 year crash
+15   

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