#Bitcoin exceeds the $40,000 mark with an increase of more than 5%.. Will it exceed 50,000?

_#Bitcoin surpassed the $40,000 mark for the first time this year during the past few hours, Monday, supported by expectations of approval of exchange-traded funds and bets on US interest rate cuts.

_The world's largest digital currency rose more than 5% on Monday to a 19-month high, trading at a high of more than $41,000. This is the first time since May 2022 that Bitcoin has breached the $40,000 level. While Bitcoin is now recording an increase of more than 150% since the beginning of the year. This comes after market scandals rocked the cryptocurrency industry, including the collapse of cryptocurrency exchange FTX in November last year. Last month, FTX founder, Bankman Fred, was found guilty of all seven criminal charges against him related to the collapse of his cryptocurrency empire.

$BTC

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