"Bitcoin Skyrockets to $68,818! Is This the Crypto Boom We've Been Waiting For?"

The surge in bitcoin's value also boosts other popular cryptocurrencies like ether and Solana this week.

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Demand for spot bitcoin exchange traded funds (ETFs) contributes to the rally, providing investors with a less risky way to invest in crypto.

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Analysts highlight bitcoin's appeal as an uncorrelated asset for portfolio diversification.

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Spot bitcoin ETFs allow investors direct exposure to bitcoin without holding it themselves.

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The U.S. Securities and Exchange Commission approved the sale of spot bitcoin ETFs in January, leading to significant cash influx into these funds.

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Major institutional investors like BlackRock and Fidelity Investments now offer spot bitcoin ETFs.

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Bitcoin's price surge began in late 2023, fueled by factors like anticipation of ETF approval, Fed rate cuts, and the halving event.

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Despite the surge, bitcoin remains volatile, according to investing correspondent Laila Maidan.

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The resurgence of bitcoin is positive news for crypto investors, particularly after the setbacks in 2022, and serves as an indicator of the industry's health.

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