Summary
TLDR: Bitcoin sets new all-time high price above $70,000, up 4% in 24 hours. Recent surge attributed to approval of spot Bitcoin ETFs and upcoming halving event. Bitcoin has doubled in price since October and risen by over 60% in the last 30 days.
Key Points
1. Bitcoin surged to a new all-time high price above $70,000, breaking the previous record set in 2021.
2. The recent surge in Bitcoin’s price is attributed to excitement over the approval of spot Bitcoin exchange-traded funds (ETFs) and anticipation of the upcoming “halving” event.
3. Bitcoin has experienced significant growth in the past month, doubling in price since October and rising by more than 60% in the last 30 days alone.