Issue link: https://maltatoday.uberflip.com/i/1517430
14.3.2024 8 NEWS / MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES APS 7,526 4,515.60 1 0.600 0.600 0.600 0.600 0.000 BMIT 135,625 58,318.75 5 0.430 0.430 0.430 0.430 0.000 BOV 73,352 81,346.38 7 1.130 1.090 1.110 1.130 0.040 GO 9,400 27,778.00 4 2.960 2.940 2.960 2.940 0.000 HLI 1,800 410.40 1 0.228 0.228 0.228 0.228 0.000 HSB 109,863 119,750.67 4 1.090 1.090 1.090 1.090 0.000 MIA 19,973 108,882.85 4 5.500 5.450 5.500 5.450 0.000 PG 83,900 161,386.52 7 1.940 1.920 1.920 1.940 0.020 CORPORATE STOCKS G32G 10,000 10,365.00 1 103.650 103.650 103.650 103.650 -0.580 G34A 58,400 60,718.48 1 103.970 103.970 103.970 103.970 -1.030 G40A 216,000 192,302.18 7 99.000 88.280 98.000 88.280 -2.220 G43AA 25,000 24,835.00 1 99.340 99.340 99.340 99.340 -0.910 CORPORATE BONDS AX24A 25,000 25,250.00 1 101.000 101.000 101.000 101.000 0.990 AX29A 4,300 4,203.25 1 97.750 97.750 97.750 97.750 -0.200 BB33A 8,500 8,712.50 1 102.500 102.500 102.500 102.500 0.500 BV30B 27,200 24,147.46 8 89.200 88.500 88.510 89.200 1.190 CE33A 10,100 10,100.00 1 100.000 100.000 100.000 100.000 0.000 DF26A 20,000 20,000.00 1 100.000 100.000 100.000 100.000 0.010 HF28A 5,000 4,675.50 1 93.510 93.510 93.510 93.510 0.010 IB32A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.000 IH26A 13,500 13,600.65 3 100.750 100.740 100.740 100.750 0.000 IH31A 4,000 3,720.00 1 93.000 93.000 93.000 93.000 0.000 JD32A 9,100 9,044.35 2 99.850 99.010 99.850 99.010 -0.840 MI23A 9,000 8,998.35 2 100.000 99.970 99.970 100.000 0.800 MP32A 5,000 4,970.00 1 99.400 99.400 99.400 99.400 -0.100 ON34A 16,000 15,360.00 2 96.000 96.000 96.000 96.000 -2.000 SF27A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.700 SP29A 3,000 2,970.00 1 99.000 99.000 99.000 99.000 0.000 ST27A 33,000 33,000.00 4 100.000 100.000 100.000 100.000 0.000 VR27A 300 289.50 1 96.500 96.500 96.500 96.500 -2.400 Malta Stock Exchange Regulated Main Market Trading Date: 13 March 2024 Bitcoin and Ethereum rally further – Where to next? BITCOIN continues to press higher, making fresh all-time highs in the process. e largest cryptocurrency by market cap- italization is up just over 92% since the January 23 swing low ($38.55k), with the move higher driven by ongoing spot ETF buy- ing. Blackrock, the world's largest asset manager, now holds ap- proximately 204k Bitcoin – cur- rent value $14.97 billion – de- spite their spot ETF being less than two months old. is hold- ing is just behind MicroStrate- gy's Michael Saylor who current- ly holds 205k BTC at an average cost price of around $33.7k. While ETF demand remains the prominent driver of Bitcoin activity, the markets continue to price in next month's BTC halv- ing event where mining rewards will be slashed by 50%. e ongoing demand-new supply mismatch (demand out- stripping supply) continues to underpin the move higher. Any short-term sell-off, normally at- tributed to leveraged longs bail- ing, is normally bought back on the same day, highlighting and reinforcing the strength of the recent move higher. While demand for spot Bit- coin ETFs may weaken, the sup- ply-side dynamic will keep BTC moving higher over the weeks ahead. Ethereum has neither the ETF-demand pull of the upcom- ing supply shock so is under- standably lagging Bitcoin at the moment. e first spot Ethereum ETF is up for final review by the SEC on May 23rd and while there is a possibility that this ETF and most probably all the others, is/ are approved, the short-term outlook looks unlikely. is lag – Ethereum spot ETFs are very likely to be approved this year – will keep Ethereum un- derperforming Bitcoin over the coming weeks, unless the SEC looks to accelerate the approval process. e daily chart shows Ethereum running into short- term resistance around $4.1k. If/when this level is broken, the move to the next level of resist- ance at $4.4k may be swift. Bitcoin on Wednesday 13 March 2024