"Bitcoin Surges Past $51K, Reclaims $1 Trillion Market Cap"

1 min read
Source: Decrypt
"Bitcoin Surges Past $51K, Reclaims $1 Trillion Market Cap"
Photo: Decrypt
TL;DR Summary

Bitcoin has surged past $51,000, reaching a $1 trillion market cap for the first time since December 2021. The rise is attributed to positive news from spot Bitcoin ETFs, which have seen over $3 billion in net flows within their first month of trading. Additionally, Bitcoin futures contracts have reached a $22 billion open interest, indicating growing investor speculation for a new all-time high before April.

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