On February 14, 2024, Bitcoin achieved a significant milestone as its total market value exceeded $1 trillion, a peak not seen since November 2021.

This surge in Bitcoin’s market cap was largely fueled by the continuous inflow into U.S. spot Bitcoin exchange-traded funds (ETFs), which have played a pivotal role in bolstering the prices of cryptocurrencies. On that Wednesday, Bitcoin’s price soared to a 25-month high of $52,079, showcasing the growing investor confidence and the cryptocurrency’s robust performance in the financial market​​.

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