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From $1 Trillion to $2.5 Trillion: Cryptos Boom in Six Months on Institutional Backing

From financemagnates.com

The cryptocurrency market surged in value from $1 trillion to $2.5 trillion from October 2023 to March 2024. This boost was driven by institutional interest and venture capital funding in the sector. Bybit and Treehouse Finance recently highlighted these findings in a report dubbed the "2024 Institutional Industry Report". The study covered derivatives, challenger chains, and the resurgence of venture capital. Optimism in the Derivatives Market According to the report, there is a positive sentiment in the derivatives market. Bitcoin (BTC) and Ethereum (ETH) exhibited a notable call premium despite the relatively ... (full story)

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