Bitcoin soared above $72,000 for the first time in history this morning, far surpassing its historical (inflation-adjusted highs)...
“This rally comes following a weak Asian trading session in which shorts tested the conviction of longs — it appears the longs have given a rather convincing positive answer,” said Richard Galvin, founder of Australia-based crypto-focused investment firm DACM.
The largest cryptocurrency's latest move has been attributed to two notable shifts in the UK.
The London Stock Exchange (LSE) announced that it will start accepting applications for Bitcoin and Ether crypto exchange-traded notes (ETNs) in the second quarter of 2024.
Source:
Zero Hedge