Bitcoin Price Surges fast : With the introduction of the ETF in Bitcoin Futures in the US, Bitcoin reached a record high. Tuesday was a historic day for this cryptocurrency as the first ETF started trading in it on the New York Stock Exchange on that day. Within a few hours of the start of the trade, it crossed 63 thousand dollars. With the news of the launch of the ETF, it started rallying and for the first time after a gap of five months, it crossed 60 thousand dollars.
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Bitcoin grew rapidly as soon as ETF started in America
On the very first day of trading in the ETF, it crossed the 63 and then 64 thousand dollars mark. On that day it touched the figure of $ 64,499. After a day i.e. on Wednesday, it came down slightly to $ 64,257. This rally in bitcoin started coming from the news of the launch of its ETF on the New York Stock Exchange. After a gap of five months, investor interest in cryptocurrencies was again showing an increasing trend. This is the reason that the market capitalization of cryptocurrencies increased to 2.5 trillion dollars. It is believed that with the introduction of Bitcoin ETF, investor confidence in cryptocurrencies will increase further.
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Microstrategy and Tesla have the most bitcoin
Its biggest public holder Microstrategy has benefited the most from the rise in Bitcoin. The company has 114,041 bitcoins. It has bought them after spending $3.16 billion. According to the data of Bitcoin Treasuries, their value has now exceeded $ 7 billion. The second largest holder of bitcoin is Tesla. It has 43,200 bitcoins. Their value has increased from $ 1.5 billion to $ 2.62 billion. Meanwhile, the US has become the largest bitcoin mining hub in the world. It has left China behind in this matter. This year China banned crypto mining.
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