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Breaking Bitcoin (BTC) Breaks $50,000 – First Time Since December 2021

1 min
Updated by Bary Rahma
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In Brief

  • Bitcoin surpasses $50,000, a peak last reached in December 2021.
  • SEC's approval of spot Bitcoin ETFs fuels the recent BTC price surge.
  • Bitcoin ETFs attract billions, marking mainstream investment acceptance.
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Bitcoin (BTC) price has achieved a remarkable milestone, surpassing the $50,000 mark. This is the first time in two years, a feat last seen in December 2021.

Bitcoin (BTC) Breaks $50,000

The recent surge in market value is largely attributed to a BTC buying frenzy ignited by the SEC’s approval of spot Bitcoin ETFs. The significant nod from regulatory bodies has injected a new wave of optimism and capital into the cryptocurrency market.

Read more: Bitcoin Price Prediction 2024/2025/2030

Bitcoin (BTC) Performance
Bitcoin (BTC) Performance. Source: TradingView

Indeed, the approval has catalyzed substantial investment of billions of dollars into these Bitcoin ETFs. It underlines the growing mainstream acceptance of Bitcoin as a viable investment asset.

This is a developing story…

Top crypto platforms | February 2024

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Bary Rahma
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.
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