Some investors are upbeat that several Bitcoin ETFs were approved for trade earlier this year by the US regulator. REUTERS
Following the US Securities and Exchange Commission’s (SEC) approval of 11 Bitcoin exchange-traded funds (ETFs), and with a Bitcoin halving expected in April, the cryptocurrency regained the top spot for asset annual return on investment as its price surged more than 150%.
Prices jumped to US$48,494 per Bitcoin in early 2024 before consolidating to around $42,000 after the US regulator officially endorsed spot Bitcoin ETFs on Jan 10.
The current price is significantly lower than the record high…
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