Bitcoin rose to its highest level since November 2021 on Monday, as exchange-traded funds that invest directly in Bitcoin attracted more money into the space while investors awaited the mining reward “halving” expected to occur in April. “.
Updated February 27, 2024 12:00 CST
Bitcoin rose to its highest level since November 2021 on Monday, as exchange-traded funds (ETFs) that invest directly in Bitcoin attracted more money into the space while investors awaited mining rewards expected to occur in April. “Halving,” a situation that has historically been positive for Bitcoin prices.
Bitcoin has gained 9.5% in the past 24 hours, reaching nearly $57,000 at one point, according to CoinDesk. This level is approximately 17% below the all-time high of $68,990 set in November 2021.
After the U.S. Securities and Exchange Commission (SEC) first approved 10 Bitcoin ETFs in January, there has been a massive inflow into Bitcoin.
(This article is translated from MarketWatch. MarketWatch is operated by Dow Jones, the parent company of The Wall Street Journal, but MarketWatch is independent from Dow Jones Newswires and The Wall Street Journal.)
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Bitcoin rose to its highest level since November 2021 on Monday, as exchange-traded funds (ETFs) that invest directly in Bitcoin attracted more money into the space while investors awaited mining rewards expected to occur in April. “Halving,” a situation that has historically been positive for Bitcoin prices.
Bitcoin has gained 9.5% in the past 24 hours, reaching nearly $57,000 at one point, according to CoinDesk. This level is approximately 17% below the all-time high of $68,990 set in November 2021.
After the U.S. Securities and Exchange Commission (SEC) first approved 10 Bitcoin ETFs in January, there has been a massive inflow into Bitcoin.
(This article is translated from MarketWatch. MarketWatch is operated by Dow Jones, the parent company of The Wall Street Journal, but MarketWatch is independent from Dow Jones Newswires and The Wall Street Journal.)
2024-02-27 04:00:00
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