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Bitcoin recaptures 2021 Trillion dollar market cap

Looking at the latest news surrounding Bitcoin and its fresh 2024 highs today, there is some interesting data surrounding those fresh gains. According to data released this morning, more than $9 billion (and apparently 660 million just yesterday) of net inflow has taken place into those new BTC ETFs since their approval and of course those ETFs have to buy physical BTC in order to track the lead coin. Also BTC has now recovered to such an extent this week, as to regain a market capitalisation of more than $1 trillion. According to those same reports it now means that BTC accounts for more than half of all cryptocurrency market cap. All this explains the further rise to above 52k today. Bitcoin is currently trading at 52,230 
 

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