Bitcoin Surges Past $64,000 Amid ETF Demand and FOMO Rally
Bitcoin's price has surged to over $61,000, nearing its all-time high, driven by a flood of institutional demand following the approval of Bitcoin ETFs by the SEC. Major financial players like BlackRock and Fidelity entering the space have contributed to the rally, with Blackrock's iShares bitcoin ETF pulling in $520 million in new inflows. The impending "halving" event, reducing daily new supply of Bitcoin by 50%, is also fueling demand. The rally has also seen other cryptocurrencies like Ethereum surge, putting pressure on regulators amidst the return of the crypto bull market.
