Bitcoin surpasses $41K amid ETF optimism
The cryptocurrency market witnessed a significant upsurge, with the total market value increasing by 3.77% to approximately $1.54 trillion.

Driving this surge, Bitcoin's price soared past the $41,000 mark for the first time in 20 months on Monday, fueled by anticipations of exchange-traded funds (ETFs) receiving approval.
Bitcoin, the world's largest cryptocurrency, experienced a notable 5.65% increase within a day, reaching a peak of $41,688 at 0530 GMT. This level, a record since April 2022, reflects the market's positive sentiment.
CoinMarketCap, a prominent digital asset price-tracking website, reported the total crypto market's value grew by 3.77% to $1.54 trillion. This growth aligns with data indicating a slowdown in US inflation, leading to expectations that the Federal Reserve might halt interest rate hikes.
As of Monday, Bitcoin's weekly price rise surpassed 11%, marking a significant gain.
The US Securities and Exchange Commission (SEC) is reportedly on the verge of approving ETFs for Bitcoin investments. This potential move is generating increased interest among professional investors, adding to the cryptocurrency's momentum.
Most Read News
-
US Army says 3 soldiers found dead in Lithuania after ve
-
French presidential front-runner Le Pen vows to challeng
-
China discovers 100-million-ton crude oil reserve in Sou
-
Germany’s Baerbock announces $12B military aid package f
-
Russia, Ukraine trade accusations over renewed strikes o
-
Khamenei warns of ‘firm retaliation’ to any ‘external ag
-
Finland plans to quit landmine treaty: President
-
Ukraine says it carried out 1st round of consultations w
-
Death toll from Myanmar earthquake surpasses 2,700
-
Gaza death toll nears 50,400 as Israeli army kills 42 mo