Bitcoin has broken above $40,000 for the first time this year as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and as traders anticipate the imminent approval of U.S.-stockmarket traded bitcoin funds. The world's biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. It was steady at $40,011 in thin trade early in the Asia day on Monday. For the year, bitcoin has more than doubled as it has thrown off the doldrums of the so-called "crypto winter" that followed scandals including the collapse of exchange FTX last year. A spot bitcoin ETF, would allow previously wary investors access to crypto via the stock market.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments