Bitcoin’s price has exceeded $47,000 for the first time since April 2022, marking a significant surge as the United States Securities and Exchange Commission (SEC) approaches the deadline for potential approval of spot Bitcoin exchange-traded funds (ETFs). The cryptocurrency jumped over 6.5% in the last 24 hours, reaching a year-to-date high at $47,284. This comes as the SEC reissues a warning about FOMO (Fear of Missing Out) crypto investing just ahead of the anticipated approval of spot Bitcoin ETFs, expected to attract significant investment in the coming years.
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