Explore
Publish a Story
    Login to see your notifications
Sign in / Sign up

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,
More stories by Business Habit
By fiscal 2030, the parent company of Uniqlo hopes to have 80% non-Japanese managers

The operator of Uniqlo, Fast Retailing, is increasing its recruitment efforts outside of Japan with the goal of having 40% of its executive officers and 80% of management be foreign nationals by the end of the company's fiscal 2030 year.The company i

KFC closes more than 100 locations in Malaysia as part of a boycott supporting Palestine

This image shows an empty KFC outlet in Jalan Sultan, Kuala Lumpur, Malaysia. (File photo)Due to the current conflict in Gaza, KFC has scaled back its operations in Malaysia and temporarily closed roughly 20% of its restaurants. This move follows mon

The hotel sector is at the top of investors' interest in Japan

Interest rates in Japan hit a 17-year high. Investors have become optimistic about the country's housing sector after the central bank's decision in March. Those concerned think that investment in the hotel sector will increase, especially in front o

Mobile manufacturing giant Huawei regains the top spot

Photo: ReutersChinese tech giant Huawei has suffered losses since 2019 due to US sanctions. The company's growth was subdued due to its post-pandemic supply chain and lack of inflation. However, in early 2024, China'...

Microsoft's AI will turn still images into videos

Microsoft is bringing a new AI tool to turn any still image captured by the camera or hand-drawn into a real video. Recently, Microsoft Research Asia unveiled a new experimental AI tool called Vasa-1. News: Engadget.The tool will be able to create a

Follow Business Habit on Facebook, Twitter
Business Habit - A community of business minded persons.
Site design / logo © 2012 - 2024 ⋅ Business Habit all rights reserved.
Contact ⋅ Terms ⋅ Privacy