Bitcoin surges after ETF approval

Bitcoin is worth around $50,000 for the first time in over two years, after a series of scandals and failures led to the collapse of the FTX exchange and the arrest of crypto poster boy Sam Bankman-Fried


BITCOIN BOUNCES BACK

2013:U.S. establishes regulatory guidelines for decentralised virtual currencies such as Bitcoin

Sep 14, 2014: $408.90

Nov 7, 2021: $64,469.53

Nov 16, 2022: FTX files for bankruptcy

Nov 20, 2022: $16,464.28

Dec 12, 2022-Nov 2, 2023: FTX CEO Bankman-Fried (left) arrested, tried and convicted of fraud
  
ETF
 
Feb 14, 2024: $51,697.89*


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	2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

*As of 07:00 UTC

               
Jan 11, 2024: U.S. regulators approve exchange-traded funds (ETF) that invest directly in Bitcoin – attracting new investors who no longer need to buy and safely store tokens themselves


Sources: Bloomberg, Yahoo! Finance 
Illustration source: Getty Images 
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