The cryptocurrency market continues to grow. The bitcoin rate renewed its historical maximum and reached $ 68,548. Following it, the ether rate reached new peaks – the coin was trading at $ 4,840.
Over the past day, the BTC rate has grown by 3%, and over the week – by 10.5%. Similar results for the week and for the second cryptocurrency, however, over the past day, the growth is slightly more modest – 1.5%. Now the dominance of bitcoin in the market is 43.7%, while that of ether has reached 19.3%.
The growth of the cryptocurrency market continues to be fueled by the fear of inflation among American investors. The launch of ETFs on bitcoin futures in the United States also gave a significant boost to growth – the ProShares fund raised more than $ 1 billion in just a couple of days.
Earlier, MicroStrategy CEO Michael Saylor said that over time, ETFs on Bitcoin and other cryptocurrencies will attract trillions of dollars. In his opinion, investors will withdraw funds from traditional instruments, including gold, and invest in cryptocurrencies. True, approval is required for the launch of an ETF with direct investment in Bitcoin – funds for BTC futures do not attract many investors.
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