Bitcoin recently hit a record high of $77,000, supported by optimism in the crypto community about potential favorable regulation with Trump’s return to the White House.
Bitcoin ETFs saw unprecedented demand, with daily inflows reaching $1.36 billion, led by BlackRock’s $IBIT fund, which alone brought in $1.1 billion and now surpasses BlackRock’s Gold ETF in size.
This ETF demand is overwhelming Bitcoin’s limited supply, with Friday’s demand nearly 40 times the daily mined supply. Bitcoin’s realized cap, a measure of value based on each coin’s last transaction, hit an all-time high of $656 billion, showing a 3.8% increase over the past month.
This growth suggests a net inflow of $2.5 billion and renewed interest from investors as Bitcoin’s value climbs.
As of now, Bitcoin’s price is approximately $76,371, slipping slightly below its recent record high of $77,312. Despite this minor pullback, CoinMarketCap data shows that Bitcoin remains up by an impressive 10% over the past week, reinforcing its strong market performance.
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