Bitcoin Prices Surge: Factors Behind the Rally and Future Trends

Bitcoin Price Rally: Surging Towards New Heights

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[{"selector":"#anim-a9f90301-a52d-4afb-b88a-babd92dacdf9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d74c7378-e583-478a-b678-7c34c744e58d","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-276b804a-043e-48a9-b9f1-8becfa1468f5","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Unlike regular bitcoin ETFs, spot bitcoin ETFs directly hold bitcoins as the underlying asset rather than futures contracts.

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[{"selector":"#anim-d62de34a-3631-4d20-acc6-b3734085fd20","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58982bbe-a6d5-4899-998a-7eca824d6eac","keyframes":{"transform":["translate3d(0px, -99.87059%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7315d8d-4b17-412e-8fd3-7d2ab559e0c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d26cdcd2-714e-4e0b-9069-f8b551ef9052","keyframes":{"transform":["translate3d(0px, 148.51850%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-836ed03a-6d4e-487e-a1b8-8e14c747ee36","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fe7fd8b-435b-45f9-ae69-05acaa49590d","keyframes":{"transform":["translate3d(0px, 186.30491%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitcoin's price surge began in 2023, reaching a 19-month high of $41,000, driven by anticipation of SEC approval, Fed rate cuts