Bitcoin's Highest Price Breaks $64,000... How Much Will It Rise

  In January 2024, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler approved the Bitcoin ETF. This decision was made when the SEC finally lost a lawsuit related to the Bitcoin spot ETF. A series of Ethereum ETF applications are expected to be approved by May 23.

 

Source: Pixabay

 

 As of 6:40 p.m. on February 28, 24, Bitcoin rose more than 10% compared to the same time the previous day, exceeding $64,000. Even if you look at the changes in the last two months, it means that Bitcoin, which was traded in the $40,000 range earlier this year, has risen more than 40%. The biggest factor in the rise in bitcoin prices is the approval of spot ETFs.

 

Source: coinone

 

 After approving the listing of Bitcoin spot ETFs, a net inflow of $5.02 billion was made into the 10 ETFs by February 20. As the half-life of Bitcoin is approaching, expectations are also acting and it is showing an upward trend.

 

 These changes are creating a new wave in the Bitcoin market, raising interest and expectations for cryptocurrency investment. In the future, the cryptocurrency market is expected to become more diverse with the impact of ETFs.