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Bitcoin clears another record: Is this a good time to invest ?

crypto :: 2024-12-18 :: source - yahoo finance

By Robin Hartill

Bitcoin (BTC-USD) continues to shatter records in 2024 after a brutal crypto winter that began two years earlier. The world's largest cryptocurrency has reached beyond $90,000 each day since November 12.

Bitcoin’s price, now up over 30% since the presidential election, exceeded the $70,000 mark for the first time in March 2024. Driving the surge was the SEC’s approval of new bitcoin spot ETFs, or exchange-traded funds, that made it easier to invest in bitcoin with a brokerage account, or even a retirement account.

The first ethereum ETFs also started trading in July after getting the green light from the SEC two months earlier.

As bitcoin becomes more mainstream and clears new records, is it time to join the party? Proceed with caution..Read more


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