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The US regulator has approved exchange-traded funds (ETFs) that invest directly in Bitcoin, a landmark movement in the US financial market.
Cryptocurrencies also appear to be benefitting from an evolving economic outlook. With stocks rising and bond yields falling, the appetite for riskier assets such as crypto is seen rising. Bitcoin is still only about halfway toward reclaiming the heights of the 2021 crypto mania, when it peaked at close to $69,000.