Bitcoin Price Continues to Rise as Lugano Accepts Bitcoin and Tether for Taxes

TLDRThe Bitcoin price is surging, reaching a high of $44,000, as Lugano in Switzerland announces that it now accepts Bitcoin and Tether for tax payments. Other cities in Switzerland have also been actively adopting Bitcoin for payments. The market is optimistic about the approval of a spot Bitcoin ETF, with 13 potential issuers and the Grayscale CEO expressing optimism. Bitcoin's technical analysis suggests further upside, with the RSI indicating overbought conditions. Overall, the crypto market continues to show strong momentum and adoption.