The recent rally in Bitcoin (BTCUSD) prices has propelled shares of crypto stocks much higher, as well. In the last year, BTC prices have almost tripled, valuing the digital asset at $1.3 trillion by market cap.
Since the start of 2023, Bitcoin prices have been driven higher by several factors, including slower inflation, geopolitical tensions, the possibility of multiple Fed rate cuts, the collapse of several regional banks, the launch of spot BTC exchange-traded funds (ETFs), and the upcoming halving event.
