Bitcoin Boom: Bitcoin has hit a two-year high by A wave of money has come into action

Bitcoin Boom

Bitcoin has increased its value by more than 50% since the beginning of 2024, and most of that increase has occurred in the past few weeks. It also marks the beginning of exchange trading for Bitcoin exchange-traded funds approved in the United States.

Bitcoin has hit a two-year high by touching $68,000. A wave of money has come into action, taking Bitcoin tantalizingly close to $68,000.

Ether has also rallied in the short term, fueled by inflows following news of the launch of exchange-traded funds.

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Bitcoin’s monetary value has a sentiment of revisiting 2021 record levels after Bitcoin exchange-traded funds were approved in the United States earlier this year, sparking the curiosity of a new class of new investors.

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