While the shares of cryptocurrency companies listed on stock exchanges in the USA gained between 7-13% in pre-session transactions, Bitcoin’s exceeding the market value of $ 1 trillion for the first time in more than two years increased investor sentiment.

Bitcoin prices have been steadily gaining ground after the US securities regulator approved the first spot bitcoin exchange-traded funds (ETFs) last month.

The launch of ETFs has been touted as a game-changer for the industry, which is already known for appealing to retail traders, as investors can now gain exposure to Bitcoin without directly holding the asset.

Bernstein analyst Gautam Chhugani said, “We think bitcoin’s best days are ahead. The ETF has added a sense of legitimacy that has been missing in the crypto sector until now. We expect many of these new bitcoin enthusiasts to allocate capital in the coming days, and bitcoin ETFs or bitcoin miners could benefit from this.” We think.” said.

Shares of crypto exchange Coinbase rose about 7%, while miners Riot Platforms and Bitfarms gained about 8% and 11%, respectively.

Bitcoin’s market cap surpassed $1 trillion for the first time since November 2021, according to data platform CoinMarketCap.com.

Last valued at $1.08 trillion, Bitcoin is more than twice the market cap of JPMorgan Chase, the largest US bank, and is approaching Meta Platforms’ $1.17 trillion valuation.

The largest cryptocurrency, Bitcoin, is trading at $51,538, up 4%.

Record capital inflows into Bitcoin ETFs

Bitcoin exceeded $50,000 for the first time since December 2021

The information on the page does not constitute advice and is not within the scope of investment consultancy. It may not fit your investor profile.

Source: https://www.borsagundem.com/haber/kripto-hisseleri-yukselise-gecti-1784351

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