Bitcoin hits highest level in 18 months as investors gear up for ETF approval

From cnn.com

The price of bitcoin soared above $40,000 on Monday, hitting its highest level in 18 months as investors look ahead to a lower interest rate environment and key regulatory approvals that could make the crypto asset more mainstream. Bitcoin, the world’s most popular cryptocurrency, was up more than 5% over the past 24 hours, trading at $41,600, according to CoinMarketCap. On Friday, Investors began piling on after Federal Reserve Chair Jerome Powell said the central bank’s policy was “well into restrictive territory,” words that some interpreted to mean that interest rate hikes were over, even though Powell ... (full story)