Bitcoin (BTC) has experienced an impressive surge in its price in recent weeks. Its substantial rise can be attributed to a resurgence of investor optimism, largely fueled by the belief that US regulators may finally greenlight the first spot exchange-traded fund (ETF) for the cryptocurrency, possibly within this year.
As a result of this newfound enthusiasm, BTC has soared above the $35,000 mark, a level it had not reached since May 2022.
However, the burgeoning optimism isn’t…
