Exchange-traded funds (ETFs) have emerged as a significant topic, particularly concerning their potential to fuel the Bitcoin (BTC) price to surpass its previous all-time high (ATH) of nearly $70,000.
Furthermore, BTC proponents are optimistic that the upcoming halving event scheduled for April 2024 will provide a further boost to the world’s flagship cryptocurrency.
Bitcoin’s bullish momentum
Bitcoin (BTC) hit its highest price since 2021 and neared its record peak of $69,000 achieved in November 2021, before undergoing a significant correction. The price remains comfortably above the $62,000 price region at press time.
Bitcoin’s strong bullish momentum has been mainly credited to significant fund inflows into the global cryptocurrency market, driven by the long-awaited approval of spot exchange-traded funds (ETFs) for the orange coin in the United States.
These ETF approvals have attracted billions of dollars in…
