Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Bitcoin blasted through the $90,000 resistance level early in the U.S. trading day and then quickly pushed even higher to top $93,000.
Blackrock's iShares Bitcoin ETF was the fourth-most traded product across all ETFs, with $1.2 billion volume in the first hour of the session.After bouncing off the $90,000 level multiple occasions earlier this week, bitcoin {BTC}} moved through that resistance during U.S. morning hours Wednesday. Once through, further gains ensured, with the price quickly rising past $93,000.
The metric measures the price difference for the leading crypto asset on Coinbase, widely used by U.S.-based investors and institutions, compared to prices on off-shore Binance, the most popular global exchange by trading volume.
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