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"Bitcoin Hits New All-Time High Amid Surging Mainstream Interest"

1 min read
Source: CNN
"Bitcoin Hits New All-Time High Amid Surging Mainstream Interest"
Photo: CNN
TL;DR

Bitcoin surged to a new all-time high of $68,791 as mainstream investors flowed into the cryptocurrency market through exchange-traded funds (ETFs) following US regulators' approval. The approval of bitcoin ETFs has facilitated traditional investors' access to the digital asset, resulting in over $4.2 billion in net new flows within just a month. Bitcoin's rally, up over 200% in the past 12 months, has also been driven by anticipation of gains from the upcoming "halving" event, which reduces the number of bitcoins entering circulation and is expected to increase the cryptocurrency's value.

Topics:businesscryptocurrency#bitcoin#crypto#cryptocurrency#etfs#mainstream-adoption#record-high
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  1. Bitcoin surges to a new record high as mainstream money flows into crypto  CNN
  2. Bitcoin prices near record high. Here's why.  CBS News
  3. Bitcoin Tops $68K, Nearing Silver's $1.38T Market Cap  CoinDesk
  4. 1 Top Cryptocurrency to Buy Before It Hits a New All-Time High  The Motley Fool
  5. Bitcoin just hit a record in open interest — expect imminent volatility  Cointelegraph

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