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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.
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