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Bitcoin eyes US$60,000, 'FOMO' stirs biggest monthly rally since late 2020
Bitcoin surged for a fifth day on Wednesday (Feb 28) to near US$60,000, buoyed by flows into new US spot bitcoin exchange-traded products that have driven it up nearly 40 per cent in February, which would mark its largest monthly rally since December 2020. Bitcoin was last up 4.5 per cent at US$59,244, its highest since December 2021. Traders have poured into bitcoin ahead of April's halving event - a process designed to slow the release of the cryptocurrency. In addition, the prospect of the Federal Reserve delivering a series of rate cuts this year has fed investor appetite for higher-yielding or more volatile ... (full story)