Posted 2/24/2024, 1:50:34 PM
Bitcoin Soars Past $1 Trillion as Major Firms Jump Into Crypto Market
- Bitcoin price has exploded to $1 trillion market cap, triggering warning of "massive collateral damage"
- Spot bitcoin ETFs from BlackRock, Fidelity, Bitwise approved onto $30B RIA platform, opening access to $114T in assets
- Inflows into new spot bitcoin ETFs accelerated last week, fueling predictions bitcoin could "steal gold's crown"
- Bitcoin ETF inflows topped $2.4B last week, with BlackRock and Fidelity ETFs getting lion's share
- Spot bitcoin ETF demand driving major players to buy more bitcoin, causing price surge and bringing new investors