Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

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As BTC has gained over 100% this year, most observers tied its recent strength to a looming approval of a spot BTC ETF. But its increasingly constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from spiraling debt levels, banking crises and geopolitical turmoil may also have played a role.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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