India, July 14 -- Bitcoin, the world's first cryptocurrency surged emphatically in the past 24 hours touching an all-time-high of $123,091. The unabated inflows to Bitcoin Spot ETF products in the U.S. bolstered by hopes of a crypto-friendly regulatory regime, easing in monetary policy as well as liquidity propelled Bitcoin's rise to a higher orbit.
Inflows to Bitcoin-based Spot ETF products in the U.S. recorded $1,030 million on Friday versus $1,176 million a day earlier. iShares Bitcoin Trust (IBIT) topped with inflows of $954 million followed by Ark 21Shares Bitcoin ETF (ARKB) that recorded inflows of $24 million.
Market capitalization of cryptocurrencies recorded an overnight addition of 3.5 percent. Aggregate crypto market capitaliza...