Bitcoin hits a record high. Here are 4 things to know about this spectacular rally
==========
Bitcoin hit a record high of $68,990.90, marking a comeback from the 'crypto winter.' The rally was sparked by the approval of bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). These ETFs allow millions of investors to invest in bitcoin without owning it directly. The approval led to billions of dollars flowing into these funds. Bitcoin also benefited from a strong rally in broader stock markets. The approval of bitcoin ETFs is part of a regulatory crackdown on cryptocurrencies worldwide, with the SEC and the Department of Justice vowing to go after bad actors in the sector. However, there are still risks associated with bitcoin, including its speculative and volatile nature, as well as regulatory uncertainty.
#Bitcoin #Cryptocurrency #Sec #Etfs #CryptoWinter
https://www.npr.org/2024/03/05/1235865112/bitcoin-record-high-rally-crypto-sec-etf
NPR /
npub1ul…6wmv3
2024-03-05 19:35:19
Author Public Key
npub1ulz3svknlcugdne49enhvn78h9xra297m7mx244hs85pfs9r7k4sq6wmv3Published at
2024-03-05 19:35:19Event JSON
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"content": "Bitcoin hits a record high. Here are 4 things to know about this spectacular rally\n==========\n\nBitcoin hit a record high of $68,990.90, marking a comeback from the 'crypto winter.' The rally was sparked by the approval of bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). These ETFs allow millions of investors to invest in bitcoin without owning it directly. The approval led to billions of dollars flowing into these funds. Bitcoin also benefited from a strong rally in broader stock markets. The approval of bitcoin ETFs is part of a regulatory crackdown on cryptocurrencies worldwide, with the SEC and the Department of Justice vowing to go after bad actors in the sector. However, there are still risks associated with bitcoin, including its speculative and volatile nature, as well as regulatory uncertainty.\n\n#Bitcoin #Cryptocurrency #Sec #Etfs #CryptoWinter\n\nhttps://www.npr.org/2024/03/05/1235865112/bitcoin-record-high-rally-crypto-sec-etf",
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