In a monumental milestone for the world’s leading cryptocurrency, the Bitcoin price has skyrocketed to an unprecedented all-time high (ATH), surpassing the remarkable threshold of $69,000.
Bitcoin Price Breaks Records
The recent approval of spot Bitcoin exchange-traded funds (ETFs) on January 10 was a significant catalyst behind this surge. The market reacted with great excitement as the long-awaited decision by the US Securities and Exchange Commission (SEC) paved the way for greater accessibility and legitimacy of Bitcoin investments.
Throughout 2023, the Bitcoin price exhibited a notable uptrend, starting from its low of $15,400 in November 2022, which marked the end of the crypto winter and bear market. However, as 2024 began, the industry was buzzing with anticipation of the SEC’s potential approval of bitcoin spot ETFs.
After the approval, the Bitcoin price – which had already recovered from the previous bear market and was trading above $40,000 – surged to
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