Early Bitcoin investor makes 1,491,666,566% gain, Bitcoin price drops, investors pour billions into Bitcoin ETFs

From Investing.com

November 15, 2024 3:00:22 pm:

An early Bitcoin investor resurfaces with a 1,491,666,566% gain on 2,000 BTC bought at $0.06 per coin. The stash is now worth $179 million. Speculation swirls around the mysterious investor’s identity and intentions.

Bitcoin price drops 1.43% to $87,740 after hitting a record high of $93,495. The dip may be linked to profit-taking following Federal Reserve Chair Powell’s comments on interest rate cuts. Traders scaled back bets on rate decreases, impacting risk appetite.

Investors pour $4.3 billion into U.S. spot Bitcoin ETFs, with total assets reaching $93 billion. Bullish market conditions drive net inflows into U.S. ETFs to over $913 billion, surpassing 2021’s record haul with a month left.

Read more at Investing.com: Early Bitcoin Whale Returns 1,491,666,566% Gains: Details By U.Today