What happened to bitcoin in March?

Bitcoin, after surging through the first couple of months of the year, has lost momentum in March. The bitcoin price, up almost 500% since its latest bull run began in October, climbed to an all-time high of just over $60,000 per bitcoin this month but has stopped breaking fresh ground with the regularity it did through January and early February.

How much has bitcoin risen this year?

The cryptocurrency has risen 16.3% so far this year, on Monday touching its highest since Dec. 27, 2021. At 12:56 p.m. EST (1756 GMT), bitcoin was up 4.96% on the day at $49,899, having oscillated around the $50,000 level.

What is a spot bitcoin ETF?

The U.S. securities regulator on Jan. 10 approved the first U.S. spot bitcoin ETFs, a watershed for the world's largest cryptocurrency and the broader crypto industry, which had been trying to bring such a product to market for more than a decade.