Key Points
The total amount of money invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange traded funds continued to support prices...
Bitcoin's price reached $51,606 on Wednesday, its latest 25-month high and a rise of 4.1% on the day, taking the token's market cap to $1.005 trillion according to price platform Coingecko...
The all-time high for bitcoin's market cap was $1.28 trillion hit in November 2021, according to Coingecko...
Strong inflows to new U.S. listed ETFs have driven some of the price action in recent weeks, say analysts, and capital flows into the 11 U.S. spot bitcoin ETFs increased to $1.64 billion in the week to Wednesday, LSEG Lipper data showed...
Bitcoin had hit an all-time high of $69,000 in November 2021, before struggling for much of 2022 and the first part of 2023, weighed down by monetary tightening by global central banks, and a slew of high profile failures at crypto companies, including leading exchange FTX...
