{"id":144006,"date":"2024-12-05T15:00:11","date_gmt":"2024-12-05T13:00:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144006"},"modified":"2024-12-05T14:24:34","modified_gmt":"2024-12-05T12:24:34","slug":"here-is-whats-driving-the-current-bitcoin-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-whats-driving-the-current-bitcoin-surge\/","title":{"rendered":"Here is What’s Driving the Current Bitcoin Surge"},"content":{"rendered":"

The nomination of Paul Atkins as the new SEC Chair has sparked optimism in the crypto industry, with many anticipating more crypto-friendly policies under his leadership. This follows his pro-crypto stance, which has been praised by figures like Ripple’s CEO Brad Garlinghouse and U.S. Senator Cynthia Lummis.<\/p>\n

Another significant contributor to the rally is the rapid growth of BlackRock\u2019s Bitcoin<\/a> <\/strong>ETF (IBIT), which reached $50 billion in assets under management in just 228 days, attracting massive inflows. The success of IBIT reflects strong institutional interest in Bitcoin, surpassing competitors like Fidelity’s FETH.<\/p>\n

Global recognition of Bitcoin continues to grow, with Russian President Vladimir Putin voicing<\/a> <\/strong>his support for the digital asset, emphasizing its role in the future of financial tools. Bitcoin’s market cap has now surpassed $2 trillion, bringing it close to tech giants like Alphabet and Amazon, while trading volumes and futures positions have surged, reflecting continued bullish sentiment.<\/p>\n