Crypto Market Surges $300B as Bitcoin and Ethereum Hit New Highs; SEC-Approved Bitcoin ETFs Could Arrive Soon
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Bitcoin, ethereum, and other cryptos have surged in price over the past month, adding $300B to the overall crypto market cap.
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Analysts predict the bitcoin price could hit $150,000 by 2025, giving it a $3 trillion market cap, as bitcoin spot ETFs come to market.
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The arrival of SEC-approved bitcoin spot ETFs from major asset managers like BlackRock and Fidelity seems imminent.
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Bitcoin's upcoming "halving" in April 2024 expected to cause volatility and potentially wipe out smaller miners.
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Analysts say bitcoin spot ETFs could account for 9-10% of bitcoin in circulation by 2028, providing a "watershed moment."