Bitcoin, the largest cryptocurrency, has reached record levels both quarterly and monthly, indicating its stable growth.
Bitcoin's Record Achievements
On the Bitstamp exchange, Bitcoin (BTC) marked its highest quarterly close in history at $107,149. This became possible due to significant price changes, including a 30% rise in the second quarter.
Price Dynamics in the Quarter
Throughout April, Bitcoin increased by 14.11% and by 11.11% in May. The rise in June was modest at 2.4%, collectively providing a record quarterly close for the cryptocurrency.
Institutional Interest and ETFs
A key factor contributing to Bitcoin's growth has been considerable attention from institutional investors, evidenced by 15 days of net inflows into Bitcoin ETFs. This growing interest confirms the market's reliability and support for Bitcoin.
Bitcoin continues to demonstrate its significance in the cryptocurrency market through stable price growth and increasing institutional interest.
