Bitcoin Nears $90,000 in Historic Rally
Good afternoon, here’s your weekly recap from Rain:
Highlights
Product Updates
Have you heard about Rain’s OTC services? Our OTC services are tailored for investors with large trades, through our broker-dealer network.
Through Rain’s OTC services, you are guaranteed:
✅ The safest and easiest trading experience
✅ Better pricing
✅ Fast settlements, allowing you quick to access your assets
Explore more of what Rain’s OTC services offer you by visiting our OTC page.
Spotlight topic: Political Backing Fuels Market Optimism as Bitcoin Hits New High
Bitcoin recently surged to $89,956, driven by optimism surrounding a potential pro-crypto regulatory environment in the U.S. This rally is supported by record inflows into U.S. spot Bitcoin ETFs, with BlackRock’s fund alone attracting over $1.1 billion in a single day, bringing its total assets to over $33 billion. On-chain data reveals steady demand, with significant capital inflows since early November and minimal realized losses, indicating consistent buy-side pressure. Despite this momentum, retail interest and search volumes remain below the peaks seen in 2021. This gap suggests that while institutional demand is strong, full retail enthusiasm is yet to reach prior levels.
Read of the Week:
When will bitcoin's price hit $100,000? Here's what crypto experts have to say | Read more
RAIN NEWS
Rain Introduces Instant Funding and Withdrawal Services for Virtual Assets in UAE
Rain, catering to both individual and institutional clients, now offers instant funding and withdrawal services for virtual assets in the UAE. Partnered with a local bank, Rain ensures seamless financial transactions for its users. As a fully licensed and regulated entity, it provides a secure and efficient platform for digital asset management. Interested parties can sign up at rain.com/en-ae/signup to access these innovative services. Check out all the benefits of Rain in the UAE.
WHY TRADE WITH Rain?