What's happened
Bitcoin's price surge is fueled by optimism about the possibility of a Bitcoin ETF and expectations for Fed rate cuts buoying riskier assets.
Why it matters
The surge in Bitcoin's price and the potential impact of a Bitcoin ETF and Fed rate cuts are significant for investors and the cryptocurrency market.
What the papers say
Axios reports on the surge in Bitcoin's price and the potential impact of a Bitcoin ETF and Fed rate cuts. Business Insider UK highlights the lessons learned from the year as markets prepare for a new calendar. The Times provides insight into the legal issues faced by Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange.
How we got here
The surge in Bitcoin's price is influenced by optimism about a Bitcoin ETF and expectations for Fed rate cuts. Additionally, legal issues faced by the founder of Binance, the world's largest cryptocurrency exchange, have come to light.
More on these topics
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017. As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.