The ongoing growth in Bitcoin and other cryptos is supported by the invention of ETF, inflows in cryptos and ETFs, and upcoming halving.
Bitcoin broke its all-time high when it crossed the $72,000 mark on March 11. The value has more than tripled in the space of a year. Other crypto tokens, including Ethereum and Dogecoin, which are loved by Elon Musk, are also trending upward.
Increasing Popularity of Crypto
The market cap of the overall crypto market has reached above $2.7 Trillion for the first time in around two years.
The search traffic for Bitcoin and crypto has increased significantly in the last few days. However, it is still half the traffic that was achieved when Bitcoin previously marked an all-time high in November 2021.
In 2024, crypto will not be a subdued affair anymore. The reason for the increase in adoption is the factors supporting growth in the price of cryptos. The growth is still far behind the wild crazes that were experienced at the time of init
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