Bitcoin has taken center stage in the cryptocurrency market, posting an extraordinary performance in 2024. Beginning the year at approximately $44,000, the flagship cryptocurrency soared to nearly $70,000 by late May, showcasing its resilience and appeal to investors. Analysts credit this rally to pivotal developments like the anticipated approval of spot Bitcoin ETFs, which could open the floodgates for institutional investments. Another significant catalyst is the upcoming Bitcoin halving event, a mechanism that reduces the supply of new Bitcoin and historically leads to price increases. The combination of these factors is driving renewed confidence, with Bitcoin…