Analysis: US Treasury investors boost cryptocurrency market
2025-08-11 10:36:12
As demand from institutional investors and corporate vault buyers buoyed the broader digital asset market, bitcoin rose as much as 3 percent to hit the $122,000 mark not far from the previous record high set in mid-July. Ether surged above $4,300 over the weekend to its highest level since December 2021. There is growing interest in cryptocurrencies from large investors. According to the data so-called digital asset inventory companies -- publicly traded instruments focused on accumulating cryptocurrencies -- have so far amassed $113 billion worth of bitcoin inventory. Ethereum's equivalent instruments have been stockpiled at around $13 billion so far.
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