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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-continues-to-attract-interest-as-prices-surge/" data-wpel-link="internal">Bitcoin Continues to Attract Interest as Prices Surge</a> 
The world’s first cryptocurrency <a href="https://coin-turk.com/verilere-gore-spot-bitcoin-etflerde-son-durum" data-wpel-link="internal">Bitcoin</a>, has seen a 3.80% increase over the last 24 hours, trading at $59,265 for the first time in 27 months. According to CoinMarketCap data, <a href="https://en.coin-turk.com/the-barrier-to-supply-shock-futures-market/" data-wpel-link="internal">Bitcoin</a> has achieved an increase of over 13.5% on the weekly chart and over 38% on the monthly chart. The price increase on the Bitcoin front occurred two days after the announcement that MicroStrategy, led by Michael Saylor, purchased an additional 3,000 Bitcoins for a total of $155 million at an average price of $51,813 between February 15-25. 
<h2 class="p1" style="text-align: justify" id="continued-interest-in-bitcoin">Continued Interest in Bitcoin</h2> 
With a total of 193,000 Bitcoins purchased at an average price of $31,544, amounting to $6.09 billion, MicroStrategy continues to be the largest Bitcoin holder among publicly traded companies. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-320724" src="https://coin-turk.com/wp-content/uploads/2024/02/saylor-tweet.png" alt="" width="500" height="574"> 
According to Mikkel Morch, founder of crypto asset investment fund ARK36, MicroStrategy’s latest purchase is primarily fueling this rally with institutional endorsement. Morch stated in a research note he shared: 
<blockquote> 
 “This rally is not just about the numbers on the chart; it’s a declaration of confidence in the transformative potential of cryptocurrencies among institutional investors. Moreover, the green light for Bitcoin ETFs in the United States has created a new wave of optimism, increased trading volumes, and highlighted crypto-related companies amidst a broader market filled with anxiety.” 
</blockquote> 
The total crypto market value has increased by 2.85% in the last 24 hours, reaching $2.19 trillion. The sector regained the $2 trillion market cap on February 27, supported by Bitcoin exchange-traded fund (ETF) inflows and improved investor sentiment in cryptocurrencies. 
<h2 class="p1" style="text-align: justify" id="what-to-expect-for-bitcoin">What to Expect for Bitcoin?</h2> 
According to Morch, in the coming weeks, both Bitcoin and <a href="https://coin-turk.com/ethereum-eth-yeniden-kritik-seviyelere-geriledi-dusus-devam-edecek-mi" data-wpel-link="internal">Ethereum</a> could see new all-time highs with the anticipation of the upcoming Bitcoin halving event and the potential approval of a US spot <a href="https://en.coin-turk.com/weekend-targets-for-the-two-giants-of-crypto-bitcoin-eth-and-ethereum-eth-predictions/" data-wpel-link="internal">Ethereum</a> ETF: 
<blockquote> 
 “The expectation surrounding the approval of spot Ethereum ETF applications further underscores the maturation of the crypto market. Ethereum is being recognized not just as a cryptocurrency but also as a backbone infrastructure for a future where finance and technology merge more seamlessly.” 
</blockquote> 
Nine spot Bitcoin ETFs recorded a combined trading volume of over $2 billion for the second consecutive day on February 28. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-continues-to-attract-interest-as-prices-surge/" data-wpel-link="internal">Bitcoin Continues to Attract Interest as Prices Surge</a></h5>

Bitcoin Continues to Attract Interest as Prices Surge

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