Today, Bitcoin is not just the first cryptocurrency but a true digital gold with a market capitalization of over $1.20 trillion. This investment volume is comparable to the market capitalization of Meta Platforms Inc. (formerly Facebook) on the NASDAQ stock exchange.
Only 2 months into the year, the BTCUSD exchange rate has grown by more than 50%! In just the last week, the cryptocurrency has added 25% to its value, reaching a new milestone of $64,000 without retracements.
On January 12, 2024, we published the news „The path to limitless cryptocurrency growth is open!“ about the approval of 11 applications for creating exchange-traded Bitcoin funds. By February 28, the trading volume of Bitcoin ETFs reached $7.69 billion! The influx of funds into Bitcoin is simply colossal; BlackRock alone increased its balance to 151,536 BTC for its spot BTC-ETF.
The overall market capitalization of the crypto market grew by 12% in the last week. There is active discussion in the network about the imminent approval of a spot ETF for Ethereum (ETH). Need we mention what might happen to its price? The price of Bitcoin is a vivid example. The excitement around crypto assets is only growing, the media actively fuels investor interest, and companies and funds continue to increase their investments.
FreshForex analysts have twice talked about the inevitable growth of cryptocurrencies, and new records are expected ahead. Don’t miss the chance – earn with us!
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