Bitcoin Price Hits $49,000 Following U.S. ETF Approvals
Bitcoin surged to $49,000 following the approval of the first U.S. spot Bitcoin ETFs by the SEC Wednesday. The approval allows institutional investors to gain exposure to Bitcoin without holding the cryptocurrency themselves. Despite initial price fluctuations and Tuesday's fake SEC tweet about the approval, Bitcoin's price picked up steam and is currently trading at just over $46,300
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Bitcoin Price Hits $49,000 Following U.S. ETF Approvals
Bitcoin surged to $49,000 following the approval of the first U.S. spot Bitcoin ETFs by the SEC Wednesday. The approval allows institutional investors to gain exposure to Bitcoin without holding the cryptocurrency themselves. Despite initial price fluctuations and Tuesday's fake SEC tweet about the approval, Bitcoin's price picked up steam and is currently trading at just over $46,300