Bitcoin breaks $60k for first time since November 2021 ...Middle East

The Hill - Technology
Bitcoin breaks $60k for first time since November 2021
source : The Hill ( Middle East ) () 84
The price of one bitcoin topped $60,000 on Wednesday for the first time since November 2021, when the world’s largest cryptocurrency hit its current record of nearly $67,000. The boom is a massive turnaround from a year ago, when bitcoin kicked off 2023 below $20,000 and economists were anticipating a wider recession. Bitcoin has rallied more than 40 percent in February alone, according to CoinDesk Indices, the largest monthly gain since late 2020. The price of bitcoin has more than doubled over the past four months. The surge comes amid a huge infusion of cash after the Securities and Exchange Commission (SEC) approved the first ever U.S. spot exchange-traded funds (ETFs) in Jan

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