Bitcoin reaches new record high above US$72,000

Bitcoin reached a new all-time high of $72,234 on Monday, with flows into the largest US spot bitcoin ETFs experiencing a two-week low. The limited supply of bitcoin, which is capped at 21 million tokens, will become even more scarce in April when the rate of new supply release is halved every four years. This industry event, known as the "halving," has historically boosted bitcoin's price. Additionally, Bitcoin received further support from regulatory news. The Financial Conduct Authority (FCA) in Britain announced it would allow the creation of crypto-related securities, following the US Securities and Exchange Commission's approval of spot Bitcoin ETFs earlier this year. This development makes it easier for mainstream investors to include Bitcoin in their portfolios.