What's happening with Cryptocurrency?

What's happening with Cryptocurrency?

January 10, 2024

Buckle up, crypto-curious folks! Bitcoin is on a rocket ride, surging over 70% since October, thanks to a major boost from the SEC. They finally gave the green light to a bunch of new Bitcoin exchange-traded funds (ETFs), making it much easier for ordinary investors to grab a slice of the digital pie.

This regulatory blessing sent the price soaring, with predictions it might even retest its old $68,000 high. But hold your horses, volatility is Bitcoin's middle name, so expect some wild swings along the way. This is definitely crypto's moment in the spotlight, but only time will tell if it's a sustainable movement or another flash in the pan.

To learn more, click on this MoneyWatch Article - What is a spot bitcoin ETF, and how will its SEC approval impact investors?