In the derivatives markets, BTC’s open interest rate on perpetual-swap is at $34.9 billion. Futures-contract open interest for BTC is standing at $2.2 billion. On the other hand, Bitcoin exchange-traded funds or ETFs have seen massive inflows of +607.10 million yesterday. A total of $530.6 million went into BlackRock’s iShares Bitcoin Trust (IBIT).While people in the crypto space celebrated Bitcoin Pizza Day, the crypto king price shot up, hitting a new all-time high of $111,889. Bitcoin’s market capitalization also climbed to $2.205 trillion, surpassing Amazon in value.The markets acted fast. Today, Bitcoin has surged to a new all-time high of $111,889 on Coinbase. CoinGecko shows that the highest aggregated BTC price is $111,512. BTC’s price has dipped and it’s currently standing at $110,826. Can Bitcoin hit 0.5M this year ?
