The Insanity Of Bitcoin, Explained
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Bitcoin has surged past the $50,000 mark for the first time in over two years, driven by expectations of future interest rate cuts and recent regulatory approvals for US exchange-traded funds (ETFs) linked to its price. It has climbed by 16.3 percent since the start of the year, reaching its highest point since December 27, 2021. As of the latest update on Monday, Bitcoin was up by 4.96 percent at $49,899, maintaining its position close to the $50,000 level. On Monday, other crypto-related stock
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