Best Crypto to Buy Today February 28 – Arweave, GALA, Injective
Bitcoin’s (BTC) run higher accelerated on Wednesday, with the cryptocurrency briefly pushing as high as $64,000 before quickly correcting back to $58,200.
With a surge beyond all-time highs of around $69,000 on the horizon, Bitcoin is undoubtedly a candidate for the best crypto to buy today and should be a key part of any crypto investor’s portfolio.
Demand for spot Bitcoin ETFs has continued to accelerate throughout the week.
Indeed, daily trading volumes in BlackRock’s leading spot Bitcoin ETF hit fresh record highs above $2.7 billion on Wednesday.
As Bitcoin surged past $60,000 and on toward a new record, investors pumped a record $520 million into BlackRock’s Bitcoin ETF in a single day https://t.co/a1CkGR9J6w
— Bloomberg Crypto (@crypto) February 28, 2024
Meanwhile, as per crypto media reports, US investment banking giant Morgan Stanley could be considering adding spot Bitcoin ETFs to its massive brokerage platform.
This could open the door to a fresh wave of inflows.
MORGAN STANLEY EVALUATING SPOT BITCOIN ETFS FOR ITS GIANT BROKERAGE PLATFORM- COINDESK
— First Squawk (@FirstSquawk) February 28, 2024
Leading US crypto exchange Coinbase also experienced various technical difficulties on Wednesday.
BREAKING: Coinbase, $COIN, crashes with many users showing $0 balance as #Bitcoin hits $64,000.
After Coinbase crashed, Bitcoin fell $4,000 in just under 30 minutes to $60,000.
Coinbase released a statement saying "your assets are safe" and that they are investigating the… pic.twitter.com/PvIoPensrH
— The Kobeissi Letter (@KobeissiLetter) February 28, 2024
Some analysts interpreted this as a bull-market signal, indicative of a sudden surge in retail demand.
While Bitcoin’s near-term outlook remains very bullish, investors looking for even
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