Bitcoin hits fresh all-time high of $73,000, Ether inches near record high; what fuelled rally in cryptos?
Bitcoin price touched a new high of $73,157.55 today, surging 46% in the last one month from $50,000 level.
Bitcoin price touched a new high of $73,157.55 today, surging 46% in the last one month from $50,000 level.
Bitcoin prices have risen 27% year-to-date, driven by spurt in activities in the spot bitcoin exchange traded funds (ETFs), which started in the U.S. in Jan 2024.
The last time Bitcoin achieved this level was in December 2021, which was subsequently followed by a dramatic downturn that saw the crypto plummet to a low of $16000 by the end of 2022.
U.S. SEC approved applications from BlackRock, Fidelity, and Invesco among others.
Indians generally buy precious metals like gold during Diwali, but with changing times millennials are taking interest in cryptocurrencies to earn lucrative returns.