CandleFocus Bitcoin Price Surges to $60K as Institutional Holdings and ETF Inflows Boost Market Confidence
2024-09-14
Author: Content Editor
The price of Bitcoin has surpassed $60,000 once again, driven by a combination of macroeconomic indicators and market dynamics. The latest U.S. Producer Price Index (PPI) data, which exceeded expectations, played a significant role in this market development. The PPI revealed a rise for August, indicating persistent inflationary pressures. This has led to speculation that the Federal Reserve may initiate a rate-cutting cycle, positively impacting Bitcoin's price trajectory. In addition, institutional interest in Bitcoin is growing, with companies like MicroStrategy and Marathon Digital Holdings expanding their holdings. The revival in Spot Bitcoin ETF inflows and ambitious price targets set by industry professionals further support a promising outlook for the cryptocurrency.
Related News
Movement: Multi-Chain Layer 2 Targets Korea Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler’s Digest, Sept. 8 – 14 Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash Bitcoin Whale Purchases 1,062 $BTC Worth $64 Million on Binance Inflation slows, but Fed’s rate decision is still in limbo Chinese gov't mulls anti-money laundering law to 'monitor' new fintech Ripple Case Over; Will XRP Price Hit $4? XRP Beat Major Cryptos with 4% Price Surge, Will It Hit $0.73? Gold to Hit $10,000? Peter Schiff Warns of U.S. Dollar Collapse and Runaway Inflation Bitcoin, Ethereum, XRP Weekly Wrap – September 14, 2024 Crypto Market Sees Major Gains as $CKB Rises 28.2%, $MNW and $TEL Follow Breaking: Bitstamp to Launch Derivatives Exchange In Cooperation With Ripple DOGE Breaks Above $0.1055 Barrier; Will Bulls Push Toward $0.1200? CARV and LayerZero Collaborate to Boost Cross-Chain Gaming Data One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock Here's How Much Bitcoin Elon Musk's Leading Innovative Company Holds Prominent Analyst Reveals the Region Where Bitcoin’s Fate Lies: “If This Level Is Exceeded, A Rise Will Come, If Not, A Decline Will Come” Ethereum Option Trader Big Bet, $3,000 Target on Radar Overall NFT Sales Decline Amid Major Swings in Top Collections Bitcoin price chart is still bearish, warns analyst Bitcoin Spot ETFs See The Biggest Inflow In Recent Times: Renowned CEO Talks About the Future of BTC ZachXBT Accuses Circle of Profiting from Lazarus Group-Linked Transactions XRP Ledger Set for Upgrades as Amendments Secure Majority With Bitcoin’s Bullish Trend Intact, $ORDI Eyes $67 Resistance SHIB Burn Rate Surges 1,009% Amid Shiba Inu Price Jump: Details Analysis Company Warns: “Something Extraordinary is Happening in Bitcoin Right Now” Polygon's POL Best Performer in Top 100 Post Upgrade PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest Cardano (ADA) Reclaims Top 10 Spot as Price Shoots 11% Will Vitalik Buterin Implement Harberger Tax on Ethereum Layer 2 Blockchains? Terra Luna Classic Reveals USTC Repeg Plan, LUNC Price Soars 15% Ethereum (ETH) Price Prediction for September 14 FET Token Soars After Cardano Partnership and Fetch.ai Wallet Upgrades: Details 3 Reasons Why Toncoin Price May Surpass $10 in Q4 Rives Launches Doom Olympics: A Competitive Onchain Gaming Event XRP Price Prediction for September 14 Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold Ethereum’s Pectra Upgrade Likely to Split in Two, First Phase Expected Early 2025 Bitcoin Could Skyrocket by Up to 890% This Cycle, Says Analyst Michaël van de Poppe – Here Are His Targets Bittensor tops crypto charts as AI tokens ride Nvidia wave Cardano (ADA) Upgrade Ogmios v6.7.0 Just Landed: What's New Solana Price Could Skyrocket to $160 Following This Bullish Squeeze Base Blockchain active addresses, transactions hit all-time high Hamster Kombat Sept 14: Here Are Combo Cards & Cipher Code For Today New Research Published in the US: Does Generation Z Show Interest in Cryptocurrencies? Here are the Latest Data NEIRO Kicks Off Major Charity Initiative to Support Shiba Inu Rescue Efforts Worldwide Bitcoin ETFs rebound, analyst sees institutional interest breaking September’s bearish trend 7 Dormant Bitcoin Whale Wallets Become Active As BTC Tops $60K, What's Next? 1.4 Trillion Dollar Earthquake Expected in China: How Will Bitcoin and Cryptocurrencies Be Affected? KuCoin Rolls Out $200K Reward Program for Staking CATI and Earning KCS Veteran Trader Peter Brandt Forecasts Major Shift in Bitcoin-Gold Trend SEC crypto ‘overreach’ cost small investors $15B: John Deaton When Solana and XRP ETF? This ETF Expert Has Idea Cryptocurrency Prices Today Sept 14: BTC Soars To $60K, CKB Surges 59% Will Solana Price Surpass $150 Ahead of Breakpoint Conference 2024? Bitcoin (BTC) Has to Reach This Level to Kickstart Bull Run Two second-layer Ethereum tokens to avoid amid massive unlocks Celestia (TIA) Price Gains Ground: What to Expect Next? POL (Ex-MATIC) Displays Bullish Trends After Binance Listing Toncoin Bounces Back to Previous Price Levels After Recent Turmoil Erik Voorhees Makes Important Comment on MicroStrategy's Latest Bitcoin Buy Shiba Inu: Major Notice Goes Out for SHIB Community, Here's Why ROSE/USDT Nears Resistance, Eyeing Breakout Above $0.055 Turn $1000 into $10000 With These 5 Ethereum Tokens Solana’s Quiet Rally: A Bullish Signal Amid Bitcoin and Ethereum Frenzy? SEC’s ‘Weird Way’ to Regulate Crypto Draws Criticism from Crypto Lawyer DeFi needs more interoperability, not apps or infra | Opinion Shiba Inu Pulls Back Above $0.00001230 And Trades In A Narrow Range Bitcoin Data is in: How Much Profit and How Much Loss for Whales, Miners and Binance Traders? ‘Rocky Rabbit’ Telegram Game Adds Battle Mode Ahead of Airdrop Crucial Scam Alert by Binance: Withdrawal Addresses in Danger Importance of Upcoming Shibarium Upgrade Explained by SHIB Team Bitcoin is Soaring: So What Do Analysts Expect Next? Up or Down? Analyst Says Altcoin That’s Exploded Over 6,400% in One Year ‘Still Looks Strong,’ Updates Outlook on Dogecoin Crypto Markets Added $70 Billion Daily as Bitcoin (BTC) Soared to 16-Day Peak (Weekend Watch) QNT, FTM, OM lead altcoin rally as sentiment around Bitcoin turns positive Finance Pundit Shares Simple Breakdown of How Utility Will Increase XRP Price Critic Says He’s Shorting XRP, Brands XRP a Shitcoin Despite News of Grayscale’s XRP Trust Crypto millionaire loses over $40 million with this trade Cardano Price Eyes 40% Rally Despite 140 Million ADA Selloff Silver-Tongue Analyst’s Next Bet for Bitcoin (BTC) as Price Chart Mirrors Bullish Historical Moves 99 Year Golden Eagle Model Puts XRP Fair Market Value at $13,386 Hong Kong should try to speed up crypto regulation: First Digital CEO Can Avalanche Price Hit $50 By End Of September? US Bitcoin ETFs see largest single-day inflow since late July, Bitcoin climbs past $60,000 Top Analyst Says These XRP Charts Have Definitely Something for XRP Elon Musk's X Dodges EU Regulatory Crackdown: Report POPCAT Price at Major Support Level: Can It Reach $1? Super Guppy Signal to Push XRP Above $99: Top Analyst Bitcoin Shoots Past $60K for the First Time in 2 Weeks, Liquidating Over $100M in Shorts Ronin Unveils Ronin Waypoint to Streamline On-Chain Transactions for Gamers Rep. Torres 'happy' to help CFTC in regulating election betting contracts Network Latency Drives Solana Validator to South Africa's Commercial Hub Massive XRP Reversal: Breakout Next? Toncoin (TON) to Face Biggest Resistance Since August, Ethereum (ETH) in Poor State Butter Network Expands Liquidity on Arbitrum with GMX V2 Integration Celestia runs a light node in user’s browser when using TIA block explorer Bitcoin On-Chain Health Remains ‘Net Positive’: ARK Invest Report Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst Bitcoin Price Dynamics in Light of U.S. Elections: Long-Term Stability, Short-Term Volatility Bitcoin reclaims $60K and ‘this time is different,’ says analyst Bitcoin Price Surges to $60K as Institutional Holdings and ETF Inflows Boost Market Confidence Crypto Analytics Firm Santiment Says Aave, Decentraland and The Graph Are ‘Altcoins To Watch’ – Here’s Why Crypto Whales Bought These Altcoins in the Second Week of September 2024 DeFi Saver Integrates Sky Protocol to Support $USDS and $SKY, Starting September 18 5 Altcoins To Watch as BTC Price Eyes $70K Chainlink Price Eyes $20 Amid Bullish Market Recovery Signals; More Gains Ahead? USDT on TON Blockchain Grows To $мM, Boosting P2P Transfers and DeFi XRP Lawsuit: SEC Filing, Ripple CEO Infer No Appeal Against Judge Torres Ruling Massive XRP Reversal: Breakout Next? Toncoin (TON) to Face Biggest Resistance Since August, Ethereum (ETH) in Poor State Cracking the Code: 5 Crucial Factors Shaping Blockchain Gas Fees TON Now Available on RevolutApp for UK and EU Users Unveiling the Hidden Gems: Top 5 Sources Revolutionizing Liquidity Pool Data This Week in Crypto: HMSTR and CATI on Binance Launchpool, TON Airdrops, and More Even Temporarily Blocking Election Contracts Risks 'Irreparable' Harm, Kalshi Argues AI Meets Blockchain: Why Authentication in the Digital World Just Got Stronger Tron Price to Dodge 14% Fall As Long-Term Holders Reach 90M