How a pending bitcoin ETF approval and the 'halving' are driving crypto markets
3:40
How a pending bitcoin ETF approval and the 'halving' are driving crypto markets
Bitcoin has continued its 2023 rally at the start of the new year. There are two factors behind it — hope the U.S. Securities and Exchange Commission could approve a bitcoin ETF and a technical event called the "halving." CNBC's Arjun Kharpal reports.
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In 2011, a man was mining 1 Bitcoin per day with an $800 bedroom setup. at the time, Bitcoin was worth around $20, making his daily earnings modest. Today, those mined coins would be worth a fortune. mining has since evolved, requiring powerful hardware and cheaper electricity to stay profitable. | History In Pictures
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