Bitcoin built on its recent rally and hit its highest level in more than a year on Monday, bolstered by anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts. The world's largest cryptocurrency surged more than 5% on Monday to a 19-month high, and was trading at $41,809 as of 4:00 pm ET after briefly topping $42,000 earlier in the day, based on Coin Metrics data. ([nbcnewyork.com](https://www.nbcnewyork.com/news/business/money-report/bitcoin-tops-40000-to-hit-a-19-month-high-on-etf-hopes-bets-on-fed-cuts/4917500/?utm_source=openai))
Leave a Reply