@$66944: Bitcoin Tops $68,500, Institutional Inflows Hit Record High
Significant retail demand, accumulation from large investors and strong network activity have pushed the price of Bitcoin to a record high. BTC topped the price level of $68,500 on Monday for the first time in its history.
Additionally, Bitcoin’s institutional inflows smashed all previous records this year as BTC investment products attracted a record $6.4 billion worth of institutional investments during the mentioned period. Inflows into Bitcoin investment products during the last 8 weeks has reached $2.8 billion.
The total market cap of Bitcoin now stands at around $1.3 trillion. Though, the crypto asset started this year with a market cap of nearly $500 billion. The remarkable growth in BTC’s price has made it one of the world’s most valuable financial assets.
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