Analysis: US treasury bond bond investors boost cryptocurrency market

According to a report by Golden Finance, as the demand from institutional investors and corporate vault buyers has boosted the broader digital asset market, Bitcoin rose 3% and hit the $122000 mark, not far from its previous record high set in mid July. Over the weekend, Ethereum surged above $4300, reaching its highest level since December 2021. The interest of large investors in cryptocurrency is increasing day by day. According to data, the so-called digital asset inventory company - a publicly traded tool focused on accumulating cryptocurrencies - has accumulated $113 billion worth of Bitcoin inventory to date. So far, Ethereum's equivalent tools have accumulated approximately $13 billion in reserves.