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Bitcoin: record growth! Investments in Bitcoin exceeded $1 trillion

Business Habit ⋅ @businesshabit ⋅ Mar 03, 2024

Investments in Bitcoin have now crossed 1 trillion. Experts believe that US spot bitcoin exchange-traded funds have taken an active role in this growth.


Investments in Bitcoin are increasing. After a long time, investment in Bitcoin has once again reached a huge high. According to a news agency, the total amount of money invested in Bitcoin on Wednesday exceeded 1 trillion US dollars for the first time since November 2021.According to experts, the recent increase is due to the continued financial support of investments in US spot bitcoin exchange traded funds. Naturally, traders' interest in Bitcoin is increasing.

Also, the price of Bitcoin reached $51,606 on Wednesday, according to data released by a source. In this case a 4.1% increase was observed on Wednesday. According to statistics, it has reached its highest level in the last 25 months. The token's market cap has reached USD 1.005 trillion courtesy of this recent increase.


Incidentally, in November 2021, Bitcoin's market cap recorded its highest ever growth. At that time, Bitcoin's total market cap reached a record $1.28 trillion. Since then, this cryptocurrency has seen constant fluctuations.Again this month it touched the 1 trillion milestone. Bitcoin has become the largest cryptocurrency in the world today. The cryptocurrency has gained close to 20 percent since the beginning of February. According to experts, it is already on track for its highest monthly growth since October.


Investments in Bitcoin accounted for more than half of the $2.1 trillion investment in the overall cryptocurrency market. These commonly include Ether and other digital coins.Strong financial inflows into new US spot bitcoin exchange traded funds have played a key role in bitcoin's rise in recent weeks, according to analysts. A total of 11 US spot bitcoin ETFs saw capital inflows to $1.64 billion this week as of Wednesday.
Category and Tags
Business Insider Bitcoin, Cryptocurrency,
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