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Crypto

Bitcoin Soars to New Heights Amid Record-Breaking IPO Plans

Guavy AI Editorial Team
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BTC ETH XRP
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Bitcoin has continued its momentum from last week, trading near $77,179 and up a massive 22.8% for the week.

Ethereum also saw significant gains, holding around $2,435 and up 29.2% weekly, while XRP traded near $1.47 and rose an extraordinary 48.7% for the week.

According to Bitfinex data, listed companies and US spot Bitcoin ETPs have purchased 1.55 million BTC since January 2024, compared to roughly 455,000 BTC in new supply over the same period, a ratio of 3.6 times new issuance that continues widening.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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