🚀 Bitcoin has recently surpassed its prior record high of $68,789 set in November 2021. Following a significant rally, it briefly exceeded $69,000 before a slight pullback, setting a new high at $69,234; signaling robust bullish momentum.
From October 2023, #bitcoin 's value has soared by about 140%, with a 40% increase this year alone, echoing the positive market mood of 2021 before it hit the earlier peak.
The surge in Bitcoin's value can be partly attributed to the US SEC's green light for Bitcoin spot ETFs. These funds, launched by leading 💸 financial entities like BlackRock, Fidelity Investments, and Grayscale, offer institutional #investors a regulated way to #invest in Bitcoin. Since their approval on January 10, 2024, these #etfs have attracted $10 billion in AUM in just weeks, reflecting Bitcoin's growing mainstream appeal.
Adding to the excitement is the anticipation of Bitcoin's upcoming halving in April 2024, an event that typically precedes substantial price increases due to reduced Bitcoin production and increased scarcity.
👉 Stay informed about this pivotal moment and witness the rise of Bitcoin as a dominant global #digitalassets .
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