Bitcoin has surpassed the $44,000 mark for the first time since April 2022. Currently, it stands near $43,999.36, showcasing a remarkable 4% rise in just 24 hours and an impressive 6% increase over the week, as per CoinGecko.
Wall Street’s Growing Interest
The current upward trend in Bitcoin’s price is driven by heightened interest from major Wall Street firms, which are actively seeking approval from the U.S. Securities and Exchange Commission (SEC) to establish a Bitcoin exchange-traded fund (ETF).
The cryptocurrency community is excited about the possibility of the SEC approving a Bitcoin ETF. This would significantly change the cryptocurrency industry, improving its accessibility and regulatory framework.
Reflecting this positive sentiment, the cryptocurrency market has witnessed a nearly 4% surge in value, estimated at around $1.73 trillion. This increase signifies a growing trust in digital currencies and a shift in the global investment landscape towards embracing the potential of cryptocurrencies.
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