(CNBC) Bitcoin crossed the $40,000 mark for the first time this year on Monday in Asia, bolstered by anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts. The world’s largest cryptocurrency surged more than 4% on Monday in Asia to a 19-month high, and traded as high as $41,520 as of 12.30am ET, based on Coin Metrics data.
Bitcoin tops $40,000 to hit a 19-month high on ETF hopes, bets on Fed cuts
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