Bitcoin Sets New Record Supported by Institutional Investments
In a move that reflects the growing global interest in digital assets, Bitcoin has achieved a historic leap, reaching a new record level of $117,000, amidst massive daily inflows exceeding $1.2 billion towards exchange-traded funds (ETFs) based on the spot market.
The leading cryptocurrency in the digital currency market continued to rise, surpassing the $118,000 barrier, marking its highest level ever, driven by an increase in the global adoption rate of digital currencies and heightened institutional interest, particularly through investment funds that have become pivotal in enhancing liquidity and confidence in the market.
This leap comes amid a wave of increasing interest from major investors and global financial companies that see Bitcoin as a strong hedge against inflation and an investment tool with promising future prospects