Why the sudden surge? Firstly, Bitcoin has been gaining a lot of attention recently due to its potential as a hedge against inflation and uncertainty in the global economy. The ongoing pandemic and political tensions have caused investors to seek out alternative assets, and Bitcoin has emerged as a popular choice. Moreover, the upcoming Bitcoin halving event, which is expected to occur in May, has also been a driving factor in the recent price surge. This event will cut the supply of new Bitcoins in half, making it more scarce and potentially increasing its value. In addition, the recent approval of a Bitcoin ETF (exchange-traded fund) by the SEC (Securities and Exchange Commission) has also boosted investor confidence and interest in the cryptocurrency. What does this mean for the crypto market? The surge in Bitcoin's price has had a positive effect on the overall crypto market. Other major cryptocurrencies such as Ethereum (ETH) and Ripple (XRP) have also seen significant...
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