The price of Bitcoin saw 23% growth in the last week. Today the leading cryptocurrency broke another record hitting $60.000. The market capitalization of the coin stands above $1 Trillion.
After hitting $58.000 in February, Bitcoin price has been seeing huge volatility. It fell below $50.000 which caused various discussions. Many assumed the decline will continue further. Despite some bearish signs, the price went up to $60.000.Meanwhile, institutional investments continue. On March 12, Microstrategy, a major supporter of the leading asset posted about adding another $15 M in bitcoin to its treasury holdings. ETFs also are at the center of attention.
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On the same day, Valkyrie Digital Assets submitted a paper with the Securities and Exchange Commission (SEC) for running an exchange-traded fund (ETF).