© Reuters.
GLOBAL – Bitcoin celebrated its fifteenth anniversary by reaching a two-year high of $45,000 today, showing resilience in the face of recent market fluctuations. This important step comes against a backdrop of general volatility in the cryptocurrency markets, including a sudden flash crash that investors managed to weather.
The Bitcoin network demonstrates its robustness by approaching a million blocks to be mined. The network’s hash rate, which measures its computing power, has exceeded half a zettahash per second, demonstrating significant security and commitment from miners.
The widespread installation of Bitcoin ATMs, numbering around 34,000 worldwide, demonstrates growing adoption by the general public. This trend is further strengthened by countries like El Salvador, which adopted bitcoin as legal tender, and the growing number of large companies now accepting the digital currency for their transactions.
Excitement within the crypto community is building in anticipation of two important events. First, the next bitcoin halving event is on the horizon, an event that has historically influenced the value of the cryptocurrency. Second, we are eagerly awaiting the decision of the United States Securities and Exchange Commission (SEC) on the approval of the first bitcoin spot ETF, which could strengthen the integration of cryptocurrencies into traditional financial markets.
These developments highlight the growing acceptance of bitcoin and its potential to maintain a key position in the future of digital transactions and investments.
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