Summary
TLDR: Bitcoin has surged from $15,500 to $73,680 due to optimism around spot bitcoin ETF approval in the U.S. and enthusiasm after they began trading in January.
Key Points
1. Bitcoin has experienced a significant rally, reaching record highs of $73,680 from $15,500 in late 2022.
2. The rally was fueled by optimism surrounding the approval of spot bitcoin ETFs in the U.S. and the ensuing enthusiasm after they began trading in January.
3. The current momentum of bitcoin suggests a positive outlook for its future performance in the market.