Bitcoin Just Hit $31,000: What’s Going On?

The price of Bitcoin (CRYPTO: BTC) just crossed the $31,000 mark for the first time since July. Here’s a look at what’s going on. What To Know: Bitcoin is up more than 4% over the last 24 hours and nearly 11% over the last week amid multiple developments that appear to be boosting the broader cryptocurrency market. The momentum in Bitcoin appears to be partially driven by continued optimism surrounding a potential spot ETF. Also Read: Crypto Analyst Sounds Alarm On Bitcoin’s Rally, Warns Traders