Bitcoin Hits $52K as Crypto Market Reaches $2 Trillion Cap

Following the approval of new spot Bitcoin ETFs by the U.S. SEC, Bitcoin experienced a tumultuous journey in the market. On January 22, 2024, BTC prices surged to $49K, plummeting to a low of $38,500. However, BTC has shown resilience since then, steadily climbing in value. Currently, BTC hovers just below the $52K mark, having tapped it at 10:05 a.m. on Wednesday. Factors Driving BTC Surge The surge in BTC over the past two weeks, marking a 21% increase against the U.S. dollar, can be attributed to two primary factors. Introducing new spot Bitcoin ETFs has generated significant...


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