Bitcoin Market Cap Don Reach $2.43T, Pass Amazon Because ETF Money Dey Enter
Bitcoin market cap don jump reach $2.43 trillion, pass Amazon wey get valuation of $2.3 trillion, come dey just behind Apple, Microsoft, Nvidia, and gold. Di rally na because institutional people dem enter wella, last week $3.7 billion enter crypto investment products, plus spot Bitcoin ETFs dey hold over $150 billion—wey be 6.4% of Bitcoin market cap. Corporate side no slack as MicroStrategy add 4,225 BTC at average price of $111,827, bring dem total reach 601,550 BTC, meanwhile Metaplanet buy 800 BTC and dem get plan to reach 210,000 BTC by 2027. Exchange supply still dey fall and e dey make supply tight well well. As report dem dey release, Bitcoin dey trade near $121,000, reflect 2% gain for 24 hours and show say market outlook still dey bullish because demand and ETF inflows. Traders suppose dey watch regulatory matter and on-chain indicators for any wahala of volatility as market cap dey expand.
Bullish
The surge wey happen for Bitcoin market cap reach $2.43 trillion, wey come from strong institutional inflows and ETF dem dey collect, na better sign. For short term, as ETF dem continue to buy and exchange supply dey reduce, e fit support price as demand pass the coin wey dey ground. Corporate treasury purchases from MicroStrategy and Metaplanet dey show long-term confidence and reduce spot sell pressure. But traders suppose dey watch regulatory changes and on-chain metrics wey fit trigger wahala for price. Overall, the positive institutional and corporate adoption trends dey support steady upward waka for Bitcoin price.