In particular, as the price rose, Bitcoin recovered its market cap of $1 trillion again after 15 days since the middle of last month.
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On the 9th (local time) at CoinMarketCap, which averaged the market prices of major exchanges traded in dollars, as of 8:57 pm on the day, the bitcoin price has risen by more than 8% compared to 24 hours ago and is in the $54,200 range . As a result, the market capitalization of Bitcoin has risen to $1.06 trillion. At the same time, Ethereum also rose to $1820 if it rose by 6%, while Binance Coin and Ripple (XRP) are also rising by more than 3%. The total market capitalization of the virtual asset market has also increased to $1,674 trillion.
The rise in bitcoin prices seems to be due to the decline in tech stocks in the stock market as investments by big players continue to line up.
The day before, Meitu, China’s leading beauty app software company, spent a total of 22 million dollars (about 25 billion won) and 15,000 Ethereum and 17.9 million dollars (about 20.2 billion won) to invest 379.1 bits. He said he bought the coin. In particular, through the board of directors, he said that he would increase investment in virtual assets up to 100 million dollars.
In addition, Aker ASA, a Norwegian holding company that owns crude oil development, shipbuilding, and construction companies, is also planning to invest in virtual assets. Acker announced a statement that day and said, “We will establish a separate subsidiary to invest in Bitcoin and develop blockchain technology.”
The corporation, which is newly established with a total capital of 58.6 million dollars (approximately 66.8 billion won), has a corporate name of Setee AS, and is a virtual asset and block through direct investment in virtual assets and collaboration with other companies. I plan to proceed with the chain project.
Cashwood, CEO of Arc Investment Management, who has been called the’Golden Hand of Wall Street’ while predicting price rally such as Tesla and Bitcoin, also appeared on CNBC and said, “Bitcoin is showing high price volatility now, of course, but in the end it is an asset resembling bonds. I believe that this will be possible.”
“Virtual assets will become a new asset form that will be accepted by even more investors in the future,” he said. “Whether you believe it or not, virtual assets will serve as assets that deliver fixed returns just like bonds.” Emphasized. “Bitcoin will gradually stabilize in terms of price over time and will be able to recommend it to ordinary investors as part of its portfolio.”
In addition, the listing of another Bitcoin Exchange Index Fund (ETF) on the Toronto Stock Exchange (TSE) on the same day is also working as a good thing. This is the third Bitcoin ETF to be listed only in the North American market.
On this day, CI Global Asset Management, an asset management company, announced that the’CI Galaxy Bitcoin ETF’, a bitcoin ETF that they launched, will be listed on the same day after obtaining approval for listing from the Canadian financial authorities. The’CI Galaxy Bitcoin ETF’, which will be traded under the ticker name’BTCX’, is designed to follow the benchmark index Bloomberg-Galaxy Bitcoin ETF by directly buying bitcoin with the funds invested by customers.