Bitcoin has experienced a surprising resurgence, more than doubling in value this year. The cryptocurrency’s price has rallied to around $35,000, the highest level in 18 months. Growing expectations of the US Securities and Exchange Commission approving exchange-traded funds (ETFs) that invest in Bitcoin have fueled a 25% rally in the past two weeks. Geopolitical tensions are also contributing to the rally, as investors believe that cryptocurrencies may become important currencies sooner than expected.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News