Bitcoin reached a new high of $81,500, marking its strongest level since January, as the cryptocurrency market experiences a surge driven by tokenization and strong demand for spot Bitcoin ETFs. The largest cryptocurrency rose 2% in the past 24 hours, with a 35% increase from early February lows. Over $500 million flowed into spot BTC funds, led by BlackRock and Fidelity, reflecting significant interest from large investors. The tokenization trend is gaining momentum, with Bullish announcing a $4.2 billion acquisition of Equiniti, enhancing its position in capital markets infrastructure. Galaxy Digital also saw gains, rising 3.6% after launching a tokenized cash-management fund with State Street. Centrifuge's native token CFG jumped 15% following a partnership with Coinbase to integrate ETFs and structured products onto blockchain, highlighting growing institutional interest. Despite the rally, some crypto stocks like Circle and Coinbase saw declines, indicating sector rotation.
Bitcoin Surges to $81,500 Amid Tokenization Boom and ETF Inflows
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