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Over the past few years, Bitcoin has witnessed a surge in retail and institutional interest. The submission of Bitcoin spot ETF applications by major corporations such as BlackRock, Fidelity, and Grayscale signals a surge in momentum. Furthermore, the regulatory landscape, once characterized by ambiguity, is gradually evolving to accommodate and address the challenges posed by this innovative digital asset. ....
The market cap of all cryptocurrencies rose 10 per cent to $1.042 trillion on Thursday Bitcoin Vs Dollar Rate: The total market value of all cryptocurrencies surged above $1 trillion for the first time on Thursday, January 7, as Bitcoin surged to a record high, according to data by crypto coin trackers CoinMarketCap and CoinGecko. Bitcoin jumped more than 900 per cent to $38,655 on Thursday, from $3,850 in March 2020, as governments increase spending to tackle the economic impact of the COVID-19 pandemic. The market cap of all cryptocurrencies rose 10 per cent to $1.042 trillion on Thursday, according to data from CoinMarketCap. Bitcoin accounts for around 69 per cent of the total market capitalisation. Bitcoin is followed by Ethereum with a 13 per cent share. ( ....