The price of Bitcoin in the market has surged above $68,000, reaching a two-year high and approaching its all-time high of $69,000. The increase in Bitcoin’s value has been fueled by a flood of capital and the growing interest in Bitcoin funds listed in the United States.
The adoption of Spot Bitcoin ETFs has also contributed to the upward trajectory of Bitcoin. The cryptocurrency has surpassed important resistance levels and is now approaching silver’s market value of $1.4 trillion.
Bitcoin’s price surge has also had a positive impact on other cryptocurrencies, with meme currencies like Dogecoin and Shiba Inu experiencing significant increases. Investors are increasingly viewing Bitcoin as an uncorrelated asset and are attracted to its potential for portfolio diversification.
Source: NEWSBTC
