Bitcoin surpasses historical record with an increase of 41% in February

He bitcoin It broke an all-time record in February 2024 with an increase of 41%, its largest gain since 2009, the date of its creation, Investing.com reported.

In September 2021, the cryptocurrency developed by Satoshi Nakamoto had already achieved a growth of 39%. Its highest closing price that year was on November 9, 2021, when it stood at US$67,729.

This Thursday, bitcoin rose 8% trying to reach US$63,000, after briefly managing to touch US$64,000 the previous day.

The notable advance of bitcoin – analysts point out – is mainly due to the approval of bitcoin ETFs (Exchange-Traded Funds) by the US securities regulator (SEC)

“The total value of this Bitcoin market already exceeds US$40 billion, registering significant inflows. BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NASDAQ: IBIT) leads in trading volume”notes Investing.com.

“Since the launch of ETFs in January, speculation began about when major U.S. brokerages would offer these funds to their clients. According to Bloomberg, this Thursday it was announced that wealth management giants such as Merrill Lynch and Wells Fargo (NYSE:WFC) have begun offering these investment funds to their clients, increasing the accessibility of Bitcoin for traditional investors.he adds.

The platform highlights that the demand for Bitcoin ETFs registered a record of US$ 7.7 billion in operations, “which measures the enthusiasm of investors for this new investment vehicle.”

“The success of Bitcoin ETFs began to translate their optimism around the adoption of Ethereum, with the anticipation of the approval of ETFs of the second largest cryptocurrency by market capitalization”he indicates.