Bitcoin's price is nearing the significant milestone of $60,000 as market watchers anticipate possible interest rate cuts in the United States. Such monetary policy adjustments often lead to increased investment in cryptocurrencies, which are viewed as hedges against fiat currency instability.
Additionally, South Korea's regulatory environment appears conducive to potentially approving cryptocurrency exchange-traded funds (ETFs). This move could further boost Bitcoin's market sentiment and price, as ETFs are seen as institutional entry points into crypto investments.
