Good news keeps coming, and Bitcoin has returned to $40,000 for the first time since May 2022.
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Bitcoin prices have returned to $40,000 for the first time since May 2022, with the expected interest rate cut and increased demand for ETFs being the reasons for its rebound. Bitcoin has risen by 142%, leading to a global market rebound. The digital asset industry is awaiting the approval of ETFs by the U.S. Securities and Exchange Commission. Bitcoin is supported by the expectation of ETFs and a rate cut by the Federal Reserve. The cryptocurrency industry may be heading towards maturity and wider adoption.
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