On the evening of February 28, Beijing time, Bitcoin** broke through $60,000, up more than 6% in the day, and more than 40% in the past month, with a total market value of nearly 12 trillion. The last time Bitcoin topped $60,000 was in November 2021, 28 months ago.
*From coinmarketcap
In January this year, the Bitcoin spot ETF was approved in the United States. Zhao Wei, a senior researcher at the OKX Research Institute, once told The Paper (www.The***CN) analysis said that due to the recent milestone victory of the SEC's approval of the listing of Bitcoin spot ETFs, traditional brokerages have officially opened convenient Bitcoin exposure for traditional financial individuals and institutional investors. This is a key factor in Bitcoin's near-term substantial.
Another cryptocurrency observer told The Paper that this year's Bitcoin halving will also have a certain impact on market confidence, and from the perspective of historical experience, more and more people will expect a bull market from the end of this year to next year.
According to CoinMarketCap, as of the evening of February 28, Beijing time, there are 52 days and 18 hours left before the Bitcoin halving.
The Paper, for more original information, please **"The Paper" app).