The pioneering cryptocurrency bitcoin has experienced a tumultuous history since its launch in 2009, but 15 years later, it is enjoying an upward swing. Recent events, such as the Bitcoin reward halving and the U.S. Securities and Exchange Commission’s approval of applications for spot exchange-traded funds, have reignited the BTC market.
Coinbase CEO Brian Armstrong tried to calm fears as users flooded social media, blaming the crash on a "large surge in traffic" as Bitcoin blew past $60K.
Bitcoin is on a roll as prior investors return to the crypto, while a new crop piles into the asset via spot ETFs recently approved by the Securities and Exchange Commission.
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