Bitcoin soared to $40,105 on Sunday, marking its highest valuation in nearly a year and a half. The surge is attributed to growing optimism among investors, fueled by speculation that U.S. regulators are set to greenlight stock-market traded bitcoin funds.
Bitcoin soared to $40,144 on Sunday, marking its highest valuation in nearly a year and a half.
The current surge follows Bitcoin’s more than doubling in price this year, successfully recovering from the aftermath of the 2022 collapse of the stablecoin terraUSD and the FTX exchange.
Despite the recent rally, Bitcoin remains below its record high of $69,000, established in November 2021. Mainstream adoption has also proven elusive, with most large investors and companies exercising caution when considering Bitcoin as an investment.
Industry insiders, however, see a promising future. Cryptocurrency executives are heralding the beginning of a new bull run, with an increasing…
