Analysis: US Treasury Investors Boost the Cryptocurrency Market

According to Jinse Finance, as demand from institutional investors and corporate treasury buyers boosts the broader digital asset market, Bitcoin once surged 3% to reach the $122,000 mark, not far from the previous record high set in mid-July. Over the weekend, Ether soared above $4,300, its highest level since December 2021. Interest in cryptocurrencies among major investors continues to grow. Data shows that so-called digital asset holding companies—publicly listed vehicles focused on accumulating cryptocurrencies—have so far amassed Bitcoin holdings worth $113 billion. To date, the equivalent vehicles for Ethereum have accumulated reserves of approximately $13 billion.