Total amount invested in bitcoin back above $1 trillion

London: The total amount of money invested in bitcoin surpassed $1 trillion (Rs 8,303 cr) on Wednesday for the first time since November 2021 as inflows to US spot bitcoin exchange traded funds continued to support prices.

Bitcoin’s price reached $51,606 on Wednesday, its latest 25-month high and a rise of 4.1% on the day, taking the token’s market cap to $1.005 trillion, according to price platform Coingecko.

The all-time high for bitcoin’s market cap was $1.28 trillion hit in November 2021, according to Coingecko.

The world’s largest cryptocurrency has risen around 20% since the start of February, already set for its biggest monthly rise since October.