Bitcoin

<ul><li>Bitcoin attained a 17-month high, spurred by the Federal Reserve&#39;s potential halt on rate hikes, uplifting the global market sentiment.</li><li>The SEC is poised to potentially approve US Bitcoin ETFs, with industry giants like BlackRock Inc. at the forefront of this shift.</li><li>Cipher Mining Inc. reports robust Bitcoin production in October 2023, reinforcing the cryptocurrency&#39;s growing stature as &#39;digital gold.&#39;</li></ul>Recently, Bitcoin, currently trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$35,290</a>, has been stealing the limelight, scaling new heights, and rekindling optimism among investors. Its remarkable climb to a <a href="https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-lifts-crypto-mood-by-retaking-17-month-peak-sol-jumps/articleshow/104903940.cms?from&#61;mdr" rel="noopener noreferrer nofollow">17-month high</a>, per The Economic Times, is tied to several factors including, anticipation of a significant shift in the <a href="https://cryptotale.org/ada-and-sol-poised-for-etf-foray-crypto-analysts-bold-prediction/" rel="noopener noreferrer nofollow">ETF industry</a>, a potential halt to the Federal Reserve&#39;s interest-rate hikes, and an increasing recognition of the cryptocurrency as the digital counterpart to gold.When steering global financial sentiments, the <a href="https://cryptotale.org/?s&#61;Federal&#43;Reserve" rel="noopener noreferrer nofollow">Federal Reserve</a> never ceases to play a pivotal role. Jerome Powell, the Fed Chair, recently suggested that the market might be seeing an end to one of the most rigorous rate-hiking cycles witnessed in 40 years, according to a CNBC report. This indication has spurred an upswing across various market sectors, including stocks, bonds, and commodities, amplifying Bitcoin&#39;s allure.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1971cf4e70be4096b201f64d87fb098f.png" />But it&#39;s not just macroeconomic signals fueling the Bitcoin fervor. The Securities and Exchange Commission is on the brink of a groundbreaking decision. Should they give the green light to giants like <a href="https://cryptotale.org/?s&#61;BlackRock&#43;Inc." rel="noopener noreferrer nofollow">BlackRock Inc.</a> to introduce the inaugural U.S. ETFs directly invested in Bitcoin, it could redefine the cryptocurrency&#39;s mainstream legitimacy. Michael Safai from Dexterity Capital LLC highlights the excitement, according to The Economic Times, noting that while a $35,000 resistance is palpable, the ETF news holds enough steam to propel Bitcoin toward the $37,000 mark.Read full article at<a href="https://cryptotale.org/bitcoins-rise-fuels-optimism-etfs-and-mining-take-center-stage/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin's Rise Fuels Optimism: ETFs and Mining Take Center Stage

CryptoTale

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