Analysis: U.S. Treasury investors boost cryptocurrency market
Online reported that as demand from institutional investors and corporate vault buyers boosted the broader digital asset market, Bitcoin rose 3% at one point to hit the $122,000 mark, not far from its previous record high set in mid-July. Ethereum surged above $4,300 over the weekend, its highest level since December 2021. Large investors are increasingly interested in cryptocurrencies. According to data, the so-called digital asset inventory company-a listing vehicle that focuses on accumulating cryptocurrencies-has so far accumulated US$113 billion worth of Bitcoin inventory. So far, about US$13 billion has been reserved for Ethereum's equivalent instruments.
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