Global

Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States.

According to a report from BitRiver, Russia's largest crypto mining entity, the Russian crypto mining sector is anticipated to see growth ranging between 20% and 40% in 2024. This information was shared by industry insiders and reported by Overclockers.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

Bitcoin, also known as BTC, experienced a significant rise in value, reaching new record highs in various countries across Asia and South America. Following a 7% surge in a single day.

Shiba Inu and Dogecoin remain popular options for investors as the bull market progresses. However, recent crashes have not only affected their prices but also dampened market sentiment surrounding these meme coins.

Recent on-chain data indicates that Litecoin whales have collectively engaged in a buying spree, amounting to approximately $230 million. This significant investment surge suggests a potentially bullish outlook for the coin.