In the cryptocurrency sector, 2024 marks a significant change with sharp increases in Bitcoin and USDT investments on exchanges. Average Bitcoin investments increased from 0.36 BTC to 1.65 BTC, and USDT investments from $19.6k to $230k. These increases indicate increasing interest from institutional investors.
Binance is the leader in this institutional growth. Average daily Bitcoin investments increased by 2.77 BTC, while USDT reserves reached $23 billion. These developments reinforce the role of cryptocurrencies as a maturing financial asset class.