{"id":11107,"date":"2024-03-05T15:08:27","date_gmt":"2024-03-05T09:38:27","guid":{"rendered":"https:\/\/bigbreakingwire.in\/bitcoin-hits-68300-105m-shorts-liquidated-blackrock-seeks-more-etfs-microstrategy-raises-600m-for-bitcoin-expansion\/"},"modified":"2024-03-05T20:39:07","modified_gmt":"2024-03-05T15:09:07","slug":"bitcoin-hits-68300-105m-shorts-liquidated-blackrock-seeks-more-etfs-microstrategy-raises-600m-for-bitcoin-expansion","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/bitcoin-hits-68300-105m-shorts-liquidated-blackrock-seeks-more-etfs-microstrategy-raises-600m-for-bitcoin-expansion\/","title":{"rendered":"Bitcoin Hits $68,300, $105M Shorts Liquidated, BlackRock Seeks More ETFs, MicroStrategy Raises $600M for Bitcoin Expansion"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Bitcoin faced a retracement upon approaching $68,850, falling just $150 short of its record peak. Shortly thereafter, rapid market fluctuations led to a $2,000 plunge within 3 minutes, resulting in the liquidation of approximately $20 million in long positions, as reported by CoinGlass data. Presently, BTC is traded above $66,600.<\/p>\n\n\n\n<p>Within the last 24 hours, $105 million worth of Bitcoin shorts were liquidated.<br><br>BlackRock, in a recent SEC filing, expressed its intent to acquire additional Bitcoin ETFs for its Strategic Income Opportunities Fund. The filing indicates a focus on ETFs holding Bitcoin directly, leveraging BlackRock&#8217;s affiliate-sponsored Bitcoin ETPs.<br><br>BlackRock&#8217;s Spot BTC ETF stands out as the top-performing in the market, contributing to the rising demand for Bitcoin ETFs. On Monday, Bitcoin ETF trading volume exceeded $4 billion, hitting $5.4 billion, the second-largest day since launch. BlackRock&#8217;s ETF total value reached $2,410,752,472.<br><br>MicroStrategy, under Michael Saylor, plans a private offering of $600 million Convertible Senior Notes. Proceeds from the sale will be used to acquire more bitcoin and for general corporate purposes. These unsecured, senior obligations will bear interest semi-annually from September 15, 2024. MicroStrategy has been a prominent Bitcoin investor and aims to expand its holdings with support from its clients.<\/p>\n\n\n\n<p>Shiba Inu (SHIB) cryptocurrency has seen a staggering 279% surge year-to-date.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"893\" data-attachment-id=\"11162\" data-permalink=\"https:\/\/bigbreakingwire.in\/bitcoin-hits-68300-105m-shorts-liquidated-blackrock-seeks-more-etfs-microstrategy-raises-600m-for-bitcoin-expansion\/img_20240305_1503389082075808591515401\/\" data-orig-file=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401.jpg\" data-orig-size=\"1079,941\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"img_20240305_1503389082075808591515401\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-300x262.jpg\" data-large-file=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-1024x893.jpg\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" src=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-1024x893.jpg\" alt=\"\" class=\"wp-image-11162\" title=\"\" srcset=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-1024x893.jpg 1024w, https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-300x262.jpg 300w, https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-768x670.jpg 768w, https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401-150x131.jpg 150w, https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/img_20240305_1503389082075808591515401.jpg 1079w\" \/><figcaption class=\"wp-element-caption\">Image from MarketWatch <\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"SfW0LMJFUL\"><a href=\"https:\/\/bigbreakingwire.in\/bitcoin-sees-6-drop-to-60400-after-hitting-64000-high-bitcoin-etfs-surpass-record-with-7-5-billion-trading-volume\/\">Bitcoin ETFs Surpass Record with $7.5 Billion Trading Volume<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Bitcoin ETFs Surpass Record with $7.5 Billion Trading Volume&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/bitcoin-sees-6-drop-to-60400-after-hitting-64000-high-bitcoin-etfs-surpass-record-with-7-5-billion-trading-volume\/embed\/#?secret=5I7cl8M2Nv#?secret=SfW0LMJFUL\" data-secret=\"SfW0LMJFUL\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin faced a retracement upon approaching $68,850, falling just $150 short of its record peak. Shortly thereafter, rapid market fluctuations led to a $2,000 plunge&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,619,1,39],"tags":[279,2002,2001,1774,1138,1192,1137,2003],"class_list":["post-11107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-stocks-in-news","category-tech","category-world","tag-bitcoin","tag-blackrock","tag-crypto","tag-etfs","tag-financial-news","tag-investment","tag-market-trends","tag-microstrategy","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/Bitcoin.svg28129.png","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-2T9","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=11107"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/11106"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=11107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=11107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=11107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}