#BTC Bitcoin Breaks Records: Price Tops $71,000

Bitcoin has reached new heights, surpassing $71,000 for the first time ever. This surge comes after six consecutive days of gains, pushing the cryptocurrency's total rally for 2024 to nearly 70%. Analysts attribute this growth to a significant rise in investments directed towards US-based Bitcoin exchange-traded funds (ETFs).

The approval of several Bitcoin ETFs in January by the Securities and Exchange Commission (SEC) appears to be a major driver behind this upswing in investor interest. This increased accessibility and legitimacy offered by ETFs could be fueling the current Bitcoin boom.