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Business News/Topic/    Bitcoin 2024

BITCOIN’S NEW COMING: EVERYTHING YOU NEED TO KNOW

One month following the introduction of bitcoin spot exchange-traded funds (ETFs) in the US on January 11, bitcoin's value soared past $50,000, reaching its highest level since December 2021. As of mid-March 2024, Bitcoin is sitting handsomely above $72,000. This surge pushed bitcoin's market capitalization over the $1 trillion mark for the first time since November 2021. The influx of investment into bitcoin, sparked by the US Securities and Exchange Commission's (SEC) approval of bitcoin spot ETFs in January, is credited as the primary catalyst for the recent uptick. Bitcoin's value has risen 150% in 2023, largely driven by the anticipation of the bitcoin spot ETFs expected by early 2024. Read this collection of stories from Mint, WSJ and The Economist, to understand what’s behind Bitcoin’s second coming.
Bitcoin hit a record high of over $73,600 on Wednesday. (Pixabay) Premium

India's crypto woes persist despite Bitcoin surge

6 min read . 14 Mar 2024
Bitcoin (Reuters / Dado Ruvic) Premium

Bitcoin hits all-time high of $73,000 following release of US CPI data

2 min read . 13 Mar 2024
Nigerians flocked to cryptocurrencies in recent years to shelter their savings from a soaring inflation rate, which hit nearly 30% in January, and a plunging currency, one of the worst-performing in the world this year. (Photo: Bloomberg News) Premium
wsj

Crypto gets blamed for a real-life currency crisis

6 min read . 12 Mar 2024
Bitcoin has been in existence for 14 years. The elegant mechanism by which it validates itself and supply grows has never been hacked, meaning that the token is not going anywhere. Image: Pixabay Premium
economist

Bitcoin’s price is surging. What happens next?

3 min read . 07 Mar 2024
Bitcoin is one of thousands of cryptocurrencies that have captured the imagination of investors. Premium
wsj

The Believers Who Rode Bitcoin to a Record High—and the Ones Who Missed Out

4 min read . 06 Mar 2024
Hot New Bitcoin Funds Are Still Waiting for Buy-In from Financial Advisers Premium
wsj

Hot New Bitcoin Funds Are Still Waiting for Buy-In from Financial Advisers

4 min read . 13 Mar 2024
Bitcoin began life as a medium of exchange—a currency run by software beyond the reach of human control, aiming to challenge the fiat money issued by central banks. (REUTERS) Premium

Bitcoin’s bounce holds a lesson for central banks

2 min read . 12 Mar 2024
(Illustration: Alexandra Citrin-Safadi/WSJ) Premium
wsj

Bitcoin bulls cite a simple reason for its rally: Not enough coins

4 min read . 07 Mar 2024
Investors have piled into the funds at a historic clip since their Jan. 11 launch, with total assets in the 10 U.S. spot bitcoin funds on the market swelling to nearly $50 billion. Premium
wsj

Bitcoin Funds Pull In Money at Record Pace

3 min read . 05 Mar 2024
What happened afterward is a cautionary tale for bitcoin advocates who believe the cryptocurrency is the equivalent of digital gold. Premium
wsj

You Say Bitcoin Is Digital Gold? Maybe It’s Digital Pearls

4 min read . 24 Feb 2024
Other than higher inflows, the anticipation of cues from the US Federal Reserve on when it might start cutting interest rates, and the imminent halving of bitcoin rewards in April-May are triggers for the latest rally Premium

Mint Explainer: What's caused bitcoin to surge past $50,000?

3 min read . 13 Feb 2024
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