Bitcoin (COIN: $BTC) Climbs Above $62K As Trump Says He Will Accept Bitcoin As Campaign Donations

Bitcoin (COIN: $BTC) is the leading coin by market cap, with a 57% market dominance. The price of Bitcoin soared to an all-time high of $73K after the spot ETF approval in late January. Recently, a Hong Kong ETF also got approval in April. Since the first ETF approvals, the price of BTC has surged by 110%. Moreover, Bitcoin?s price slightly increased to $62K after dropping to $60k in early trading hours on Thursday, May 9, 2024. Some recent positive sentiments are fueling the price of Bitcoin, and they could help it reach a new all-time high. Bitcoin has experienced four halving events, and its price has surged significantly after each halving event. In 2012, the price of Bitcoin increased by 9,500% and 3,000% in 2016 and in 2020, it rose by 650%. The market is still watching to see how far it rises after the recent halving. However, the recent Iran-Israel war has negatively impacted the crypto market and resulted in altcoins facing bearish sentiments. Feature Article: https://dex