Bitcoin’s value soared to a year-to-date peak, surpassing $65,500 during European trading, marking a significant milestone as it edges within 8% of its historic high of $69,000 from November 2021. This resurgence highlights Bitcoin’s remarkable journey, overcoming numerous challenges to approach its all-time fiat value high, last seen 844 days ago. The momentum continues as Bitcoin, the leading cryptocurrency, experiences a second day of gains, fuelled by the anticipation of strong demand for exchange-traded funds (ETFs) at the beginning of the week. Central to this rally is the overwhelming interest from US-listed Bitcoin ETFs, which commenced trading on January 11. Over the past year, Bitcoin has witnessed an astonishing surge of approximately 186%, underscoring the growing investor confidence and the insatiable demand for Bitcoin ETFs, suggesting a bullish outlook for the world’s foremost cryptocurrency.

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