The continuous surge in the market, which first started in the middle of 2023, was primarily fueled by the anticipation of spot Bitcoin ETFs receiving approval in the United States. Once these ETFs were officially sanctioned at the start of 2024, the price of Bitcoin skyrocketed past its previous record high from 2021, reaching an impressive value of around $74,000. This achievement signifies a significant milestone as Bitcoin managed to reach a new pinnacle even before a block reward halving event. For the most up-to-date news on technology, visit Access NEWSLINKER.
