Bitcoin Surges to New High Above $68,000 on SEC Approval of Bitcoin ETFs, Capping Major 2021 Rally

Bitcoin hit a new all-time high above $68,990, a 45% gain this year, sparked by SEC approval of bitcoin ETFs
Bitcoin ETFs allow mainstream investors to add bitcoin to portfolios easily without owning it directly
Stock markets have also rallied this year amid optimism about the economy, boosting risk assets like bitcoin
The "crypto winter" of the last 2 years saw frauds and volatility hit digital currencies hard
Regulation remains uncertain as the SEC vows to continue targeting bad actors in the "wild west" of crypto