Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation

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Bitcoin breached the $47K threshold on Monday, fueled by growing excitement over the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). The leading crypto asset kicked off the day at $43,247 per unit, then climbed to a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin Rally Tops $47K Monday afternoon witnessed a notable surge in the market cap’s leading crypto asset, occurring around 2 p.m. ET. Bitcoin ( BTC ) experienced an increase exceeding $3,600 from its daily low, with many analysts linking this upswing to the potential approval of several spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC). The latest market figures indicate that bitcoin’s previous encounter with this price bracket was in December 2021, following its descent from the record high of $69K. Bitcoin chart by TradingView The market valuation of the digital currency soared, reaching precisely $917 billion, eclipsing Meta (formerly Facebook) in market size and sec...
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