“Bitcoin Skyrockets to Record High of $70K – How to Keep Up with the Crypto Craze”

Bitcoin (BTC) has once again broken its all-time high, reaching $71,415 on March 11. This surge of 2.62% in the past 24 hours marks another milestone for the world’s first cryptocurrency, which has seen a 10% increase in the past week and a 47% increase in the past month, according to CoinMarketCap.

Just three days after Ether (ETH) crossed the $4,000 mark for the first time since December 2021, Bitcoin has reached a new all-time high. This comes as no surprise, as the highly anticipated Bitcoin halving event on April 20 draws near. This event will see mining rewards decrease from 6.25 BTC ($418,800) to 3.125 BTC ($209,400).

With its highest-ever weekly close of 68,955 on March 10, Bitcoin continues to dominate the cryptocurrency market. This comes just days after breaking its previous all-time high of $69,200 on March 5.

As the world of cryptocurrency continues to evolve, it’s important to stay up to date with the latest trends and developments. From the rise of Web 3.0 digital marketing to the importance of digital identity, there’s a lot to keep up with. Luckily, there are plenty of resources available to help you stay up to the minute with all things crypto. So don’t miss out on the wonderland of opportunities that the cryptocurrency world has to offer. Start researching and investing in the right cryptocurrencies today!

Bitcoin ETFs See Significant Growth, Amassing Over 4% of BTC Supply

The recent surge in Bitcoin’s value can largely be attributed to the increased interest from institutional investors, driven by the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States.

According to data from Dune, these ETFs have already accumulated 4.06% of the current Bitcoin supply, totaling over $56.9 billion. If this trend continues, it is estimated that ETFs will absorb 8.65% of the BTC supply on an annual basis.

Last week alone, the spot Bitcoin ETFs acquired a total of 33,000 BTC (equivalent to $2.3 billion), with Grayscale’s GBTC fund accounting for over 10,200 BTC in outflows, as reported by HODL15 Capital.

In a March 9 investment report sent to investors, digital asset manager Bitwise revealed that more institutions, with assets worth “trillions of dollars,” are expected to invest in spot Bitcoin ETFs by the end of June.

Despite the new highs, Bitcoin whales continue to hold onto their BTC. As of March 9, there are 2,107 unique addresses holding at least 1,000 BTC, also known as whales. This is slightly lower than the record of 2,489 addresses reached in February 2021, when Bitcoin was trading above $46,000.